Showing 1 - 10 of 173
Product and labour market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with … regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labour …
Persistent link: https://www.econbiz.de/10005136620
health. The results support public choice theory of the nature of regulation and are inconsistent with the predictions of …What determines the enforcement of deregulation reform of business activities? What are the outcomes of deregulation … variation. 2) The enforcement of deregulation reform was better in regions with a transparent government, low corruption, better …
Persistent link: https://www.econbiz.de/10005667109
existing access regulation is based on a single essential network. We show that continued asymmetric access regulation of one … network does not control sufficiently for market power and benefits the unregulated network, and that symmetric regulation … would lead to higher consumer surplus. Furthermore, the whole setup of access regulation may not be viable in the long run …
Persistent link: https://www.econbiz.de/10009024485
We measure the consequences of asymmetric information and imperfect competition in the Italian lending market. We show that banks’ optimal price response to an increase in adverse selection varies with competition. Exploiting matched data on loans and defaults, we estimate models of demand for...
Persistent link: https://www.econbiz.de/10011262882
We develop a theory of imperfect competition with loss-averse consumers. All consumers are fully informed about match …
Persistent link: https://www.econbiz.de/10008468627
The EU policy against harmful tax competition aims at eliminating tax policies targeted at attracting the internationally mobile tax base. We examine this issue by considering two countries which decide their corporate tax rates their tax regimes (discriminatory or non-discriminatory tax...
Persistent link: https://www.econbiz.de/10008530356
This paper simulates the costs of the US-Japan auto VER. Under a standard constant returns to scale (CRTS) formulation, the costs are estimated at about $10 billion. It then sequentially introduces important features of the auto VER: endogenous rent premium determination, wage distortions in...
Persistent link: https://www.econbiz.de/10005123838
We develop a multi-country Dixit-Stiglitz model to investigate the impacts of: (i) changes in the international distribution of consumers' expenditure; (ii) decreasing tariffs; and (iii) improvements in transportation infrastructure. We show that, in general, decreasing tariff barriers do not...
Persistent link: https://www.econbiz.de/10005123913
governing the organization of economic space. Other standard lines of research in location theory are also discussed while …
Persistent link: https://www.econbiz.de/10005123960
We develop a simple growth model with imperfect competition in which demand conditions can affect the dynamics of capital accumulation, hindering or enhancing growth. In our model the elasticity of the demand schedule faced by a typical firm depends on the aggregate savings rate. The latter...
Persistent link: https://www.econbiz.de/10005124443