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The Efficiency Consequences of Institutional Change : Financial Market Regulation and Industrial Productivity Growth in Brazil, 1866-1934

Haber, Stephen - 1996

This paper examines one of the central hypotheses of the New Institutional Economics: that the reform of institutions--the rules and regulations enforced by the State that both permit and bound the operation of markets--is crucial for the process of economic growth. It examines this hypothesis...

Persistent link: https://www.econbiz.de/10012473020

The Principle and Market Failure in Systems Competition

Sinn, Hans-Werner - 1996

. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …

Persistent link: https://www.econbiz.de/10012473453

Rate Regulation and the Industrial Organization of Automobile Insurance

Suponcic, Susan J. - 1995

This paper analyzes the impact of rate regulation on the structure of insurance markets for private passenger … those states which impose the most stringent regulation. The analysis suggests that increased regulatory stringency lowers …

Persistent link: https://www.econbiz.de/10012473600

The Causes and Consequences of Rate Regulation in the Auto Insurance Industry

Jaffee, Dwight - 1995

This paper examines various explanations for the increase in the degree of regulation of the auto industry in the last … Massachusetts that the demand for auto insurance is highly price elastic. This implies that regulation induced price rollbacks (such … increase in regulation in two ways: a) As an attempt to lower rates to deal with the problem of the uninsured motorist. b) More …

Persistent link: https://www.econbiz.de/10012473630

Financial Innovation and the Management and Regulation of Financial Institutions

Merton, Robert C. - 1995

New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...

Persistent link: https://www.econbiz.de/10012473791

The Decline of Traditional Banking : Implications for Financial Stabilityand Regulatory Policy

Edwards, Franklin R. - 1995

This paper outlines the fundamental economic forces that have led to the decline in traditional banking, that is the process of making loans and funding them by issuing short-dated deposits. The declining competitiveness of traditional banking may threaten financial stability by increasing bank...

Persistent link: https://www.econbiz.de/10012473905

Government Intervention in the Markets for Education and Health Care : How and Why?

Poterba, James M. - 1994

Education and health care are the two largest government expenditure items in the United States. The public sector directly provides the majority of educational services, through the public school bureaucracy, while most public support for health care is channelled through a system of...

Persistent link: https://www.econbiz.de/10012473988

Optimal Regulation of Multiply-Regulated Industries : The Case of Physician Services

Rizzo, John A. - 1994

This paper models the physician services market which is regulated by two government agencies. The Health Care Financing Administration (HCFA) sets Medicare physician fees through the newly implemented Resource Based Relative Value Scale (RBRVS). The Agency for Health Care Policy and Research...

Persistent link: https://www.econbiz.de/10012474093

The Political Economy of Controls : Complexity

Krueger, Anne O. - 1993

Increasing complexity of regulation over time is a regular empirical phenomenon whenever political processes attempt to …

Persistent link: https://www.econbiz.de/10012474608

The Political Economy of Controls : American Sugar

Krueger, Anne O. - 1988

This paper outlines the salient characteristics of competing models of economic regulation and controls. It then … developed, and complexity of regulation served as an important factor perpetuating the sugar program. Similarly, lobbying and …

Persistent link: https://www.econbiz.de/10012476562