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An Empirical Analysis of Legal Insider Trading in the Netherlands
Degryse, Hans; Jong, Frank de; Lefebvre, Jérémie - CESifo - 2009
implementation of the Market Abuse Directive (European Union Directive 2003/6/EC), which strengthens the existing regulation in the … Netherlands. We show that the new regulation reduced the information content of sales by top executives. …
Persistent link: https://www.econbiz.de/10005034632
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On the Political Economy of Complexity
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
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Prices vs. Quantities with Endogenous Cost Structure
Storrøsten, Halvor Briseid - CESifo - 2014
Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …
Persistent link: https://www.econbiz.de/10010877871
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Emissions Taxes and Abatement Regulation under Uncertainty
Christiansen, Vidar; Smith, Stephen - CESifo - 2013
We consider environmental regulation in a context where firms invest in abatement technology under conditions of …
Persistent link: https://www.econbiz.de/10010877925
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Investment in Broadband Infrastructure Under Local Deregulation: Evidence from the U.K. Broadband Market
Fabritz, Nadine; Falck, Oliver - CESifo - 2013
This paper investigates telecommunication operator investment in broadband infrastructure after local deregulation of the wholesale broadband access market. Using a panel dataset covering all 5,598 exchange areas in the United Kingdom, we exploit regional differences in deregulation following a...
Persistent link: https://www.econbiz.de/10010877989
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Green Havens and Pollution Havens
Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2012
country significantly attracts FDI. What is important for these pollution haven effects is not only regulation but also …
Persistent link: https://www.econbiz.de/10011264743
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Hurricane Insurance in Florida
Jametti, Mario; Ungern-Sternberg, Thomas von - CESifo - 2009
This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural catastrophes) are typically referred to as “uninsurable” risks. The more exposed property owners find it difficult to obtain insurance cover from the private market and/or...
Persistent link: https://www.econbiz.de/10005013949
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Powering Up Developing Countries through Integration?
Auriol, Emmanuelle; Biancini, Sara - CESifo - 2012
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010556079
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Labor Courts, Nomination Bias, and Unemployment in Germany
Berger, Helge; Neugart, Michael - CESifo - 2006
Labor courts play an important role in determining the effective level of labor market regulation in Germany, but their …
Persistent link: https://www.econbiz.de/10005765647
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Government Outsourcing: Public Contracting with Private Monopoly
Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation …. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …
Persistent link: https://www.econbiz.de/10005765762