Despite this, crowd regulation remains a hot issue for the establishment.
One upshot of the Hahn and Litan paper would appear to be that the apocalyptic rhetoric of the pro-regulation crowd (we must enact regulations to "save the Internet") doesn't cut much ice.
It is widely believed that there is strong experimental evidence to support the idea that exogenously imposed regulations crowd out the intrinsic motivations of common pool resource (CPR) users to refrain from over-harvesting.
"We are not a no-regulation crowd," said Richard Gorelick, a co-founder of the high-frequency trading firm RGM Advisors in Austin, Tex.
Ms. Warren's idea for a financial product consumer safety unit will probably be laughed off the stage by the anti-regulation crowd.
But it is hard to take the knee-jerk anti-regulation crowd, which now seems to include Governor Romney, seriously.
But the series of high-profile mass shootings in recent years shifted the Obama administration's attention to national gun regulations, crowding out the political energy needed to revive and replicate Ceasefire-style programs in American cities.
(Sorry, health regulations prevent crowd participation).
The decision was greeted with boos from the crowd, but under International Cricket Council regulations the umpires were obliged to take the players off once the light had faded to the same level as when they had stopped play on Thursday evening.
