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A Dynamic Theory of Regulatory Capture
De Chiara, Alessandro; Schwarz, Marco A. - 2021
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
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A Dynamic Theory of Regulatory Capture
De Chiara, Alessandro; Schwarz, Marco - 2021
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/10012582031
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Privacy Regulation and Quality-Enhancing Innovation
Lefouili, Yassine; Madio, Leonardo; Toh, Ying Lei - 2023
We analyze how a privacy regulation taking the form of a cap on information disclosure affects quality …. If the share of privacy-concerned users is sufficiently small, privacy regulation has a negative effect on innovation and … may harm users. However, if the share of privacy-concerned users is sufficiently large, privacy regulation has a positive …
Persistent link: https://www.econbiz.de/10014346842
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The Big Sell : Privatizing East Germany's Economy
Mergele, Lukas - 2020
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012822995
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Corruption and the shadow economy : an empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...
Persistent link: https://www.econbiz.de/10010276563
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MIMIC models, cointegration and error correction: an application to the French shadow economy
Bühn, Andreas; Schneider, Friedrich G. - 2008
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/10010276604
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Mimic Models, Cointegration and Error Correction : An Application to the French Shadow Economy
Buehn, Andreas; Schneider, Friedrich - 2021
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
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Fear, Trust and Demand for Regulation : Evidence from the COVID-19 Pandemic in Russia
Borisova, Ekaterina; Frye, Timothy; Schoors, Koen J. L.; … - 2023
Understanding demand for state regulation is a foundational issue for social science. To account for this demand … attention to fear. We test how fear and trust shape demand for government regulation by drawing on especially precise measures … fear of contracting the virus is directly related to greater demand for regulation. In addition, the impact of trust is …
Persistent link: https://www.econbiz.de/10014261477
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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
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Hurricane insurance in Florida
Jametti, Mario; von Ungern-Sternberg, Thomas - 2009
This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural catastrophes) are typically referred to as uninsurable" risks. The more exposed property owners find it difficult to obtain insurance cover from the private market and/or can...
Persistent link: https://www.econbiz.de/10010276899