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Nitzan, Shmuel; Procaccia, Uriel; Tzur, Joseph - CESifo - 2013

Article underscores the dark side of both phenomena by focusing on the anti-competitive features of regulation and reform and …

Persistent link: https://www.econbiz.de/10010877637

The Costs and Benefits of Mandatory Securities Regulation: Evidence from Market Reactions to the JOBS Act of 2012

Dharmapala, Dhammika; Khanna, Vikramaditya - CESifo - 2014

The effect of mandatory securities regulation on firm value has been a longstanding concern across law, economics and …

Persistent link: https://www.econbiz.de/10010772270

Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia

Sturm, Jan-Egbert; Williams, Barry - CESifo - 2002

This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA) and Malmquist Indices, we find that the new...

Persistent link: https://www.econbiz.de/10005766073

Why do Foreign Banks Withdraw from other Countries? A Panel Data Analysis

Hryckiewicz, Aneta; Kowalewski, Oskar - CESifo - 2010

This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical evidence of the causes of multinational banks’ exits from other countries. Using panel data for 149 closed or divested foreign bank subsidiaries across 54 countries from 1997...

Persistent link: https://www.econbiz.de/10008583673

The Role of Standards in Eco-innovation: Lessons for Policymakers

Vollebergh, Herman R. J.; Werf, Edwin van der - CESifo - 2013

This paper aims to help policy makers identify how standards can contribute to the effective and cost … discuss what standards are, how the process of standardization works, and how standards are related to induced innovation and …-saving technologies. This broad perspective enables us to identify interesting economic dimensions of standards, such as their …

Persistent link: https://www.econbiz.de/10010667411

Money Laundering as a Financial Sector Crime - A New Approach to Measurement, with an Application to Italy

Ardizzi, Guerino; Petraglia, Carmelo; Piacenza, Massimiliano - CESifo - 2013

Anti–money laundering regulations have been centred on the “Know-Your-Customer” rule so far, overlooking the fact that …

Persistent link: https://www.econbiz.de/10010877717

Punitive Police? Agency Costs, Law Enforcement, and Criminal Procedure

Dharmapala, Dhammika; Garoupa, Nuno; McAdams, Richard H. - CESifo - 2015

Criminal law enforcement depends on the actions of public agents such as police officers, but the resulting agency problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We develop an agency model of police behavior that...

Persistent link: https://www.econbiz.de/10011265252

Deterrence through Word of Mouth

Rincke, Johannes; Traxler, Christian - CESifo - 2009

The deterrent effect of law enforcement rests on the link between the actual and the perceived detection risk. We study the role of word of mouth for this linkage. Our approach makes use of micro data on compliance with TV license fees allowing us to distinguish between households who have been...

Persistent link: https://www.econbiz.de/10005094256

Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information

Fellner, Gerlinde; Sausgruber, Rupert; Traxler, Christian - CESifo - 2009

We run a large-scale natural field experiment to evaluate alternative strategies to enforce compliance with the law. The experiment varies the text of mailings sent to potential evaders of TV license fees. We find a strong alert effect of mailings, leading to a substantial increase in...

Persistent link: https://www.econbiz.de/10008583665

Issue Linkage and Issue Tie-in in Multilateral Negotiations

Conconi, Paola; Perroni, Carlo - CESifo - 2001

We describe a model of international, multidimensional policy coordination where countries can enter into selective and separate agreements with different partners along different policy dimensions. The model is used to examine the implications of negotiation tie-in - the requirement that...

Persistent link: https://www.econbiz.de/10005094200