Similar Search Results

Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics

Acemoglu, Daron - 2002

Do societies choose inefficient policies and institutions, in contrast to what would be suggested by a reasoning extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the beliefs and ideologies of their peoples or leaders? Or...

Persistent link: https://www.econbiz.de/10012469326

Reforming the welfare state : recovery and beyond in Sweden

Freeman, Richard B. (ed.); Swedenborg, Birgitta (contributor) - 2010

Persistent link: https://www.econbiz.de/10003851392

Democracy and Reforms : Evidence from a New Dataset

Giuliano, Paola - 2012

Empirical evidence on the relationship between democracy and economic reforms is limited to few reforms, countries, and periods. This paper studies the effect of democracy on the adoption of economic reforms using a new dataset on reforms in the financial, capital and banking sectors, product...

Persistent link: https://www.econbiz.de/10012460542

The Euro and Structural Reforms

Alesina, Alberto - 2008

, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the …

Persistent link: https://www.econbiz.de/10012464168

Democracy and Development : The Devil in the Details

Persson, Torsten - 2006

Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends -- in a subtle way -- on the details of democratic...

Persistent link: https://www.econbiz.de/10012466677

What Have Two Decades of British Economic Reform Delivered?

Card, David - 2002

Beginning in 1979 with the newly electted Thatcher Government and continuing under successive Conservative and Labour Governments, the United Kingdom has embarked on a two-decade-long experiment in economic reform. We present evidence that the reform process has succeeded in making the UK more...

Persistent link: https://www.econbiz.de/10012469914

The Redistributive Effects of Financial Deregulation

Korinek, Anton - 2013

deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We …Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by …

Persistent link: https://www.econbiz.de/10012459089

Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power

Davis, Lucas W. - 2011

markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 … percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At …

Persistent link: https://www.econbiz.de/10012461317

Imperfect Markets versus Imperfect Regulation in U.S. Electricity Generation

Cicala, Steve - 2017

This paper measures changes in electricity generation costs caused by the introduction of market mechanisms to determine output decisions in service areas that were previously using command-and-control-type operations. I use the staggered transition to markets from 1999- 2012 to evaluate the...

Persistent link: https://www.econbiz.de/10012455627

Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira - 2004

-owned plants, whose owners were largely insulated from these reforms, experienced the smallest efficiency gains, while investor …-term efficiency benefits from replacing regulated monopoly with a market-based industry structure …

Persistent link: https://www.econbiz.de/10012467686