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are subject to regulation by local authorities, resulting in both practical and strategic implications for manufacturers …, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …
Persistent link: https://www.econbiz.de/10013477189
Commercial real estate accounts for roughly 20% of the U.S. fixed asset stock, and commercial land use is highly regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare. This paper develops a spatial general equilibrium...
Persistent link: https://www.econbiz.de/10014437026
. Consistent with firms seeking to avoid costly regulation, we document significant bunching around multiple regulatory thresholds …
Persistent link: https://www.econbiz.de/10012616591
Electric vehicles are declining in cost so rapidly that they may claim a large share of the vehicle market by 2030. This paper examines a set of practical regulatory design considerations for fuel-economy standards or greenhouse gas standards in the context of highly uncertain electric vehicle...
Persistent link: https://www.econbiz.de/10012599357
regulated to reverse course and deregulate to any significant extent. Moreover, regulation in most large coastal markets …
Persistent link: https://www.econbiz.de/10012480517
The Constitution of 1787 was designed to give Congress powers over trade policy that it lacked under the Articles of Confederation. The Washington administration was split over whether to use these powers to raise revenue or to retaliate against Britain's discriminatory trade policies. Obsessed...
Persistent link: https://www.econbiz.de/10012463506
This paper examines the relationship between drug price and drug quality and how it varies across two of the most common regulatory regimes in the pharmaceutical market: minimum efficacy standards (MES) and a mix of minimum efficacy standards and price control mechanisms (MES+PC). Through a...
Persistent link: https://www.econbiz.de/10012464081
We investigate the causes and consequences of financial regulation by studying the political economy of U.S. state … affected by rate ceilings. Exploiting the heterogeneity across states and time in regulation, enforcement, and market … conditions, we find that regulation tightens when it is less costly and when it coexists with other economic and political …
Persistent link: https://www.econbiz.de/10012465805
The Affordable Care Act Marketplaces were introduced in 2014 as part of a reform of the U.S. individual health insurance market. While the individual market represents a small slice of the U.S. population, it has historically been the market segment with the lowest rates of take-up and greatest...
Persistent link: https://www.econbiz.de/10012455237
service regulation. Using variation created by the rule's introduction as a natural experiment, we find claims costs rose …
Persistent link: https://www.econbiz.de/10012455328