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An Industry-Adjusted Index of State Environmental Compliance Costs
Levinson, Arik - 1999
This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The … index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years … and 1994. Third, this cost index is negatively correlated with subjective indices of state environmental efforts compiled …
Persistent link: https://www.econbiz.de/10012471487
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Regulatory Costs of Being Public : Evidence from Bunching Estimation
Ewens, Michael; Xiao, Kairong; Xu, Ting - National Bureau of Economic Research - 2021
The increased burden of disclosure and governance regulations is often cited as a key reason for the significant decline in the number of publicly-listed companies in the U.S. We explore the connection between regulatory costs and the number of listed firms by exploiting a regulatory quirk: many...
Persistent link: https://www.econbiz.de/10012616591
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Conscription as Regulation
Mulligan, Casey - 2004
We examine the practice of military conscription around the world from the perspective of two standard theories, and a new one, which emphasizes the fixed cost of introducing and administering the draft as a deterrent to its use. We find that, holding the relative size of the military constant,...
Persistent link: https://www.econbiz.de/10012468135
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The Regulation of Entry
Djankov, Simeon - 2000
We present new data on the regulation of entry of start-up firms in 75 countries. The data set contains information on the number of procedures, official time, and official cost that a start-up must bear before it can operate legally. The official costs of entry are extremely high in most...
Persistent link: https://www.econbiz.de/10012470845
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Is GDP Becoming Obsolete? The "Beyond GDP" Debate
Hulten, Charles R.; Nakamura, Leonard Isamu - National Bureau of Economic Research - 2022
GDP is a closely watched indicator of the current health of the economy and an important tool of economic policy. It has been called one of the great inventions of the 20th Century. It is not, however, a persuasive indicator of individual wellbeing or economic progress. There have been calls to...
Persistent link: https://www.econbiz.de/10013334414
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Law and employment : lessons from Latin America and the Caribbean
Heckman, James J. (ed.) - 2004
Persistent link: https://www.econbiz.de/10002545132
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Macroprudential Policy with Leakages
Bengui, Julien - 2018
The outreach of macroprudential policies is likely limited in practice by imperfect regulation enforcement, whether due to shadow banking, regulatory arbitrage, or other regulation circumvention schemes. We study how such concerns affect the design of optimal regulatory policy in a workhorse...
Persistent link: https://www.econbiz.de/10012480701
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Robots, Trade, and Luddism : A Sufficient Statistic Approach to Optimal Technology Regulation
Costinot, Arnaud - 2018
Technological change, from the advent of robots to expanded trade opportunities, tends to create winners and losers. How should government policy respond? And how should the overall welfare impact of technological change on society be valued? We provide a general theory of optimal technology...
Persistent link: https://www.econbiz.de/10012480754
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Voluntary Regulation : Evidence from Medicare Payment Reform
Einav, Liran - 2020
Government programs are often offered on an optional basis to market participants. We explore the economics of such voluntary regulation in the context of a Medicare payment reform, in which one medical provider receives a single, predetermined payment for a sequence of related healthcare...
Persistent link: https://www.econbiz.de/10012481806
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Anger and Regulation
Tella, Rafael Di - 2009
We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an equilibrium may emerge where all firms pretend to be...
Persistent link: https://www.econbiz.de/10012463448