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Carlton, Dennis W.; Picker, Randal C. - National Bureau of Economic Research (NBER) - 2007

operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests …, but specified prices and rules of mandatory dealing. Antitrust promoted competition without favoring special interests … control of competition to courts and regulatory agencies based on their relative strengths. Antitrust also can act as a …

Persistent link: https://www.econbiz.de/10005774722

Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds

Laibson, David; Madrian, Brigitte C.; Choi, James J. - National Bureau of Economic Research (NBER) - 2006

Experimental subjects allocate $10,000 across four S&P 500 index funds. Subject rewards depend on the chosen portfolio's subsequent return. Because the investments are not actually intermediated by the fund companies, portfolio returns are unbundled from non-portfolio services. The optimal...

Persistent link: https://www.econbiz.de/10005828564

Interactions between State and Federal Climate Change Policies

Stavins, Robert Norman; Goulder, Lawrence H. - National Bureau of Economic Research (NBER) - 2010

Federal action addressing climate change is likely to emerge either through new legislation or via the U.S. EPA's authority under the Clean Air Act. The prospect of federal action raises important questions regarding the interconnections between federal efforts and state-level climate policy...

Persistent link: https://www.econbiz.de/10008548774

Discontinuous Behavioral Responses to Recycling Laws and Plastic Water Bottle Deposits

Viscusi, W Kip; Huber, Joel; Bell, Jason; Cecot, Caroline - National Bureau of Economic Research (NBER) - 2009

Economic theory predicts that individual recycling behavior gravitates toward extremes--either diligent recycling or no recycling at all. Using a nationally representative sample of 3,158 bottled water users, this article finds that this prediction is borne out for consumer recycling of plastic...

Persistent link: https://www.econbiz.de/10008628322

Black Box Warnings and Drug Safety: Examining the Determinants and Timing of FDA Warning Labels

Begosh, Allan; Goldsmith, John; Hass, Ed; Lutter, Randall W. - National Bureau of Economic Research (NBER) - 2006

Comparing the safety of prescription drugs over time is difficult due to the paucity of reliable quantitative measures of drug safety. Both the academic literature and popular press have focused on drug withdrawals as a proxy for breakdowns in the drug safety system. This metric, however, is...

Persistent link: https://www.econbiz.de/10005575064

The Effect of FDA Advisories on Branded Pharmaceutical Firms' Valuations and Promotion Efforts

Conti, Rena M.; Huskamp, Haiden A.; Berndt, Ernst R. - National Bureau of Economic Research (NBER) - 2011

The US Food and Drug Administration (FDA) expends considerable efforts in regulating medications approved for use. Yet the impact of medication labeling changes on brand pharmaceutical products, and whether and what firms do to respond to increased information regarding the safety and efficacy...

Persistent link: https://www.econbiz.de/10009325511

An Exploration of Luxury Hotels in Tanzania

Comin, Diego - National Bureau of Economic Research (NBER) - 2012

Tourism is a tradable service activity that could allow some African countries to generate significant growth. Tanzania, given its unique natural assets, is an ideal candidate. However, despite being so richly endowed in touristic resources, Tanzania receives very few tourists and revenues from...

Persistent link: https://www.econbiz.de/10009654190

Predatory Lending and the Subprime Crisis

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - National Bureau of Economic Research (NBER) - 2013

We measure the effect of an anti-predatory pilot program (Chicago, 2006) on mortgage default rates to test whether predatory lending was a key element in fueling the subprime crisis. Under the program, risky borrowers and/or risky mortgage contracts triggered review sessions by housing...

Persistent link: https://www.econbiz.de/10010886182

Fettered Consumers and Sophisticated Firms: Evidence from Mexico's Privatized Social Security Market

Duarte, Fabian; Hastings, Justine S. - National Bureau of Economic Research (NBER) - 2012

This paper brings new evidence from the privatized social security system in Mexico, offering insight into investment behavior and the efficacy of government "nudges" in the context of profit maximizing firms. We use administrative data from the social security system surrounding the government...

Persistent link: https://www.econbiz.de/10010950659

The Effectiveness of Mandatory Mortgage Counseling: Can One Dissuade Borrowers from Choosing Risky Mortgages?

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - National Bureau of Economic Research (NBER) - 2014

We explore the effects of mandatory third-party review of mortgage contracts on consumer choice--including the terms and demand for mortgage credit. Our study is based on a legislative pilot carried out by the State of Illinois in a selected set of zip codes in 2006. Mortgage applicants with low...

Persistent link: https://www.econbiz.de/10010950923

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