is given to the source. Anger and Regulation

We thank Julio Rotemberg and Robert MacCulloch for helpful discussions, as well as George Akerlof, Roland Bénabou and seminar participants at CIfAR (Ottawa) on November 2008 for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications