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We introduce a preference for wealth into the standard search and matching model to analyze the labor market when there is persistent demand shortage. We show that, under some conditions, a secular stagnation steady state exists in which the economy permanently operates below capacity due to...
Persistent link: https://www.econbiz.de/10012832192
In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …
Persistent link: https://www.econbiz.de/10012892205
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10013236193
commentators have focused on the anticompetitive potential of envelopment, and some have argued for regulation of platforms because … of that concern. These calls for regulation are not supported by robust formal analysis or comprehensive empirical …
Persistent link: https://www.econbiz.de/10013239564
assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …
Persistent link: https://www.econbiz.de/10014240477
nondiscrimination regulation that forces the ISP to provide an equal quality upgrade to both CPs, however, can reduce the ISP …
Persistent link: https://www.econbiz.de/10012841934
This paper investigates whether a “Golden Rule” of regulation of an infectious disease may be elicited that balances …
Persistent link: https://www.econbiz.de/10013296741
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10013299243
The analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for...
Persistent link: https://www.econbiz.de/10013316608
animal food quality. With consumer and producer heterogeneity, regulation is the same but sector-specific, with a more … intense regulation in the sector with the worse living conditions of animals …
Persistent link: https://www.econbiz.de/10014264451