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Question seeks to compare the Stigler and Peltzman models of regulation. Part A: What does each model derive about winners and losers from regulation?Part B:

Question seeks to compare the Stigler and Peltzman models of regulation. Part A: What does each model derive about winners and losers from regulation?Part B: Write the objective function in each, and explain what is being maximized. Find the first-order conditions in Peltzman's model.

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