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This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural … institutions, price regulation with full information, price regulation with imperfect and asymmetric information, and topics on the … measurement of the effects of price and entry regulation in practice. The chapter also discusses the literature on network access …
Persistent link: https://www.econbiz.de/10014023494
We investigate the impact of high-frequency trading (HFT) on market quality and investor welfare using a general limit order book model. We find that while the presence of HFT always improves market quality under symmetric information, under asymmetric information this is the case only if...
Persistent link: https://www.econbiz.de/10011412034
Using data from the 2018 OECD Indicators on the Governance of Sector Regulators, this paper analyses the governance of economic regulators in seven Latin American economies (Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru) and across five critical network sectors (energy,...
Persistent link: https://www.econbiz.de/10012512062
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Recent empirical data indicate that the Commission's proxy access proposals reduce shareholder wealth and are inimical to the best interests of the shareholder community at large. Cross-sectional variation in stock price response data further suggest that the Commission should reject a...
Persistent link: https://www.econbiz.de/10009506960
with less stringent regulation. However, environmental regulations have had enormous benefits in terms of lives saved and … developing countries, where pollution levels are high. The benefits to society from environmental regulation hence appear to be …
Persistent link: https://www.econbiz.de/10011433397
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We study the optimal regulation of a monopolist when intrinsic efficiency (intrinsic cost) and empire building tendency …
Persistent link: https://www.econbiz.de/10010240853
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