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differences in financial development, contracting costs or regulation. We find cross-country correlations between vertical …
Persistent link: https://www.econbiz.de/10012467255
We study the distortions to industrial organization caused by entry regulation. We take advantage of heterogeneity … affected by country-level entry regulation. In industries with high natural entry barriers, entry regulation has little impact …, countries with high entry regulation have relatively few, large firms. We find no relation between natural entry barriers and …
Persistent link: https://www.econbiz.de/10012467758
Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...
Persistent link: https://www.econbiz.de/10012468221
This paper examines the impact of bank regulations, market structure, and national institutions on bank net interest margins and overhead costs using data on over 1,400 banks across 72 countries while controlling for bank-specific characteristics. The data indicate that tighter regulations on...
Persistent link: https://www.econbiz.de/10012468807
Legal change, whether through legislation, regulation, or court decision, is a common phenomenon, and virtually all …
Persistent link: https://www.econbiz.de/10012469102
somehow help solve the public goods problem inherent in workplace regulation. Second, the agent must be able to reduce the …
Persistent link: https://www.econbiz.de/10012469135
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 …
Persistent link: https://www.econbiz.de/10012480701
industries subject to residual price regulation. Our empirical analyses demonstrate how the mechanism can be used to fulfill the …
Persistent link: https://www.econbiz.de/10012480919
cost-benefit analysis accompanying such policies value foregone consumer surplus associated with regulation … the literature on environmental regulation. This approach applies standard tools of welfare analysis while allowing … tobacco regulation …
Persistent link: https://www.econbiz.de/10012456206
comparative advantage of prices versus quantities. Quantity regulation that can be traded over time leads firms to set current … behavior with a sequence of quantity policy updates that achieves the first best in all periods. Under price regulation where …
Persistent link: https://www.econbiz.de/10012456298