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Labor Courts, Nomination Bias, and Unemployment in Germany

Berger, Helge; Neugart, Michael - CESifo - 2006

Labor courts play an important role in determining the effective level of labor market regulation in Germany, but their …

Persistent link: https://www.econbiz.de/10005765647

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation …. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …

Persistent link: https://www.econbiz.de/10005765762

Optimal Regulation of Auditing

Pagano, Marco; Immordino, Giovanni - CESifo - 2007

We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation …

Persistent link: https://www.econbiz.de/10005765804

Privatising Network Industries

Newbery, David - CESifo - 2004

Persistent link: https://www.econbiz.de/10005765806

Network Utilities in the U.S. - Sector Reforms without Privatization

Vogelsang, Ingo - CESifo - 2004

U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...

Persistent link: https://www.econbiz.de/10005765998

Product Market Competition, Investment and Employment-Abundant versus Job-Poor Growth: A Real Options Perspective

Chen, Yu-Fu; Funke, Michael - CESifo - 2005

The role of product market reforms in achieving the objective of higher employment and growth has recently received much attention amongst academics. The aim of this paper is to analyse some of the channels through which cross-market effects come about and to assess their policy relevance. The...

Persistent link: https://www.econbiz.de/10005766293

Optimal Liability Sharing and Court Errors: An Exploratory Analysis

Boyer, Marcel; Porrini, Donatella - CESifo - 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/10008572471

The Political Economy of Regulatory Risk

Strausz, Roland - CESifo - 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/10008572475

Competition and Stability in Banking

Vives, Xavier - CESifo - 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/10008572523

Capital Structure and Regulation in U.S. Local Telephony: An Exploratory Econometric Study

Resende, Marcelo - CESifo - 2009

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

Persistent link: https://www.econbiz.de/10004979410