Showing 1 - 10 of 85
1. Several market failures would justify some forms of price control and entry regulation in the taxicab industry … regulation to changing market conditions. Hence, faced with a sclerotic service supply, several cities and countries have … thoroughly deregulated their taxi industry... only to gradually bring back some elements of regulation later on. Since the late …
Persistent link: https://www.econbiz.de/10008805912
This paper analyzes the impact of changes in the winning chances of candidates running for the 2007 French presidential election on abnormal stock returns of firms that could benefit from a candidate's victory. We use prices formed by transactions on a political prediction market to reveal the...
Persistent link: https://www.econbiz.de/10010738865
Previous analyses showed that product market deregulation often precedes labor market (LM) reforms. This paper … introduces LM imperfections within an economic geography framework, the level of optimal LM regulation being based on each … LM institutions. As the fall in trade costs increases the intensity of the agglomeration force, LM regulation loses in …
Persistent link: https://www.econbiz.de/10010750545
This paper aims to provide an alternative framework to previous studies of deflation in Japan. We focus on the real dimension of the price dynamics and propose an imperfect competition model, which describes a rent economy, where the formation of prices can be separated into the markup (level of...
Persistent link: https://www.econbiz.de/10010750586
deregulation, with the tools provided by network economics. After looking at the progress of rail deregulation in Europe, we … of rail deregulation, with a complete opening of rail markets. We conclude by assessing the possibility of emergence of …
Persistent link: https://www.econbiz.de/10010899124
deregulation, cotton development in SSA could be reviewed and their current restructuring appraised according to economics of … as they are of insufficient size. Where cotton production is well developed, such deregulation could be considered but … monopolies is a way of preserving vertical integration and of facilitating geographical regulation which should be more efficient …
Persistent link: https://www.econbiz.de/10008789285
fairly unchanged. For a calibration capturing alternatively European and the U.S. labor markets, a deregulation episode …
Persistent link: https://www.econbiz.de/10009004178
changed: what level of deregulation is required, or can be introduced, in the gas industry? The reform project, actually …
Persistent link: https://www.econbiz.de/10008793296
This paper aims to study the contagion effects of the subprime financial crisis on the real economy of the USA. The contagion of this crisis is measured by increased linkages between markets after a shock has taken place (the stock market shocks, the interbank spread). The VAR model is utilized...
Persistent link: https://www.econbiz.de/10010933785
We decompose volatility of a stock market index both in time and scale using wavelet filters and design a probabilistic indicator for valatilities, analogous to the Richter scale in geophysics. The peak-over-threshold method is used to fit the generalized Pareto probability distribution for the...
Persistent link: https://www.econbiz.de/10010750636