We present new data on the regulation of entry of start-up firms in 85 countries. The data covers the number of … are extremely high in most countries. Countries with heavier regulation of entry have higher corruption and larger … have lighter regulation of entry. The evidence is inconsistent with public interest theories of regulation, but supports …

network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines … that over the course of time, many entrants have begun to take advantage of LLU. However, unbundling has little or no … technology (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive …

practitioners and economists, taking the existing regulatory environment as fixed. Based on the degree of existing regulation (full …

background of the new block exemption regulation for cars in Europe, we explore an econometric approach to define the relevant … market share thresholds stipulated in the block exemption regulation. We find that, if we would have used an approach based …

In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …

judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring … strategies may sometimes be the best. This paper compares the regulation of financial markets in Poland and the Czech Republic in … the Czech Republic, hands-off regulation was associated with a near collapse of the stock market. These episodes …

Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather … uncommon. I argue that the ubiquity of regulation is explained not so much by the failure of markets, or by asymmetric … accounts for the ubiquity of regulation, for its growth over time, as well as for the fact that contracts themselves are …