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The unemployment impact of product and labour market regulation : evidence from European countries
Piton, Céline; Rycx, François - 2018
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10011871988
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Vertical Market Power in Interconnected Natural Gas and Electricity Markets
Marks, Levi - 2017
consider improvements to market design and regulation as these two energy markets become increasingly interlinked …
Persistent link: https://www.econbiz.de/10012943388
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Green Tradable Certificates versus Feed-In Tariffs in the Promotion of Renewable Energy Shares
Requate, Tilman - 2015
The paper analyzes the relationship between CO2 mitigation policy and promotion policies designed to deploy renewable energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of high and low carbon use of fossil fuels, deployment...
Persistent link: https://www.econbiz.de/10013030307
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Regulating National Firms in a Common Market
Biancini, Sara - 2021
We consider the regulation of national firms in a common market. Regulators can influence the production of national …
Persistent link: https://www.econbiz.de/10013316590
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Market Liberalization in the European Natural Gas Market - The Importance of Capacity Constraints and Efficiency Differences
Brakman, Steven; van Marrewijk, Charles; van … - 2021
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10013316347
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Privatisation in developing countries : what are the lessons of recent experience?
Estrin, Saul; Pelletier, Adeline - 2016
This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it...
Persistent link: https://www.econbiz.de/10011571943
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The impact of regulation on innovation
Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - 2021
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …
Persistent link: https://www.econbiz.de/10012431121
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Carbon Content of Electricity Futures in Phase II of the EU ETS
Fell, Harrison G.; Hintermann, Beat; Vollebergh, Herman R.J - 2021
We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to physical settlement during the second market phase of the...
Persistent link: https://www.econbiz.de/10013315729
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Labour market regulation in the EU-15 : causes and consequences - a survey
Siebert, William S. (contributor) - 2006
efficiency arguments are questionable, because of the disemployment effects of strict regulation. Regulation is better explained … rationally desires strict regulation to divert rent from other groups such as the skilled workers and the unemployed. Legal … tradition. Given a predisposition to intervene, these countries begin with some degree of labour regulation, which then creates …
Persistent link: https://www.econbiz.de/10003497972
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The Impact of Market Regulations on Intra-European Real Exchange Rates
Bénassy-Quéré, Agnès - 2013
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10013087275