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Market Contestability and Bribe Solicitations: Evidence Across Stages of Firms' Operations

Goel, Rajeev K.; Mazhar, Ummad; Saunoris, James W. - 2018

Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in business operations on bribe solicitations. Contestability undermines bureaucratic rent-seeking potential and this paper tries to capture this empirically using cross-country...

Persistent link: https://www.econbiz.de/10011872038

Spin Doctors: A Model and an Experimental Investigation of Vague Disclosure

Deversi, Marvin; Ispano, Alessandro; Schwardmann, Peter - 2018

Unfavorable news are often delivered under the disguise of vagueness. But are people sufficiently naive to be fooled by such positive spin? We use a theoretical model and a laboratory experiment to study the strategic use of vagueness in a voluntary disclosure game. Consider a sender who aims at...

Persistent link: https://www.econbiz.de/10011931994

Prices versus Quantities Reassessed

Karp, Larry S.; Traeger, Christian P. - 2018

“Prices versus quantities” (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper’s criterion for ranking policies suggests that technological uncertainty favors taxes over cap and...

Persistent link: https://www.econbiz.de/10011932081

Price discrimination bans on dominant firms

Bouckaert, Jan; Degryse, Hans; Dijk, Theon van - 2008

Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market power the dominant firms. We analyze the welfare effects of a ban on behaviour-based price discrimination in a two-period setting where the market displays a competitive and a...

Persistent link: https://www.econbiz.de/10010264285

Regulating national firms in a common market

Biancini, Sara - 2008

We consider the regulation of national firms in a common market. Regulators can influence the production of national …

Persistent link: https://www.econbiz.de/10010264297

The demands for environmental regulation and for trade in the presence of private mitigation

Hotte, Louis; Winer, Stanley L. - 2008

We study the nature of individual demands for environmental regulation and for trade openness in the general … respect to the stringency of regulation. Moreover, even though trade has the potential to benefit everyone, the poor may … oppose trade openness because of a concern that laxer environmental regulation will then be imposed in the interest of the …

Persistent link: https://www.econbiz.de/10010264525

Capital structure and regulation in US local telephony: an exploratory econometric study

Resende, Marcelo - 2009

The paper aims at empirically investigating the relationship between regulation and the capital structure of the …

Persistent link: https://www.econbiz.de/10010265976

The political economy of regulatory risk

Strausz, Roland - 2010

This paper investigates political uncertainty as a source of regulatory risk. It shows that political parties have incentives to reduce regulatory risk actively: Mutually beneficial pre-electoral agreements that reduce regulatory risk always exist. Agreements that fully eliminate it exist when...

Persistent link: https://www.econbiz.de/10010266082

Optimal liability sharing and court errors: An exploratory analysis

Boyer, Marcel; Porrini, Donatella - 2010

We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers, as an environmental policy instrument. Using a structural model of the interactions between firms, financial institutions, governments and courts we show, through numerical...

Persistent link: https://www.econbiz.de/10010270509

Competition and stability in banking

Vives, Xavier - 2010

implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …

Persistent link: https://www.econbiz.de/10010270643