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We present and illustrate novel data on more than a century of regulation in Switzerland. We provide quantitative … in the annual changes to such regulation from 1908-2013. We measure the stock of regulation by the number of enactments … in the stock of regulation and the extent and development of regulatory activity. Regulatory activity generally increased …
Persistent link: https://www.econbiz.de/10013000835
mobile networks, prioritized delivery services are complementary to the CP's investments and can facilitate entry of …
Persistent link: https://www.econbiz.de/10013046060
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10013104162
consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning …
Persistent link: https://www.econbiz.de/10013088224
The paper provides a tractable, analytical framework to study regulatory risk. Regulatory risk is captured by uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public funds. Results are as follows: 1) The regulator's reaction...
Persistent link: https://www.econbiz.de/10013160045
-of-return regulation is generally thought to result in over investment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …
Persistent link: https://www.econbiz.de/10013160048
and labour market regulation on the capital stock. Several alternative testing methods show that the negative influence of … product and labour market regulation is considerably stronger at higher levels. The paper uncovers important policy …
Persistent link: https://www.econbiz.de/10012956879
Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by …
Persistent link: https://www.econbiz.de/10013054025
, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10013315573
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...
Persistent link: https://www.econbiz.de/10013316322