Showing 1 - 10 of 102
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
We consider environmental regulation in a context where firms invest in abatement technology under conditions of …
Persistent link: https://www.econbiz.de/10013086398
precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in …
Persistent link: https://www.econbiz.de/10013086983
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10013087275
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 analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...
Persistent link: https://www.econbiz.de/10013092690
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal …
Persistent link: https://www.econbiz.de/10013065032
risk include an additional stress component introduced by the recent Basel 2.5 regulation. Our optimization with the Basel …
Persistent link: https://www.econbiz.de/10012963377
-best egalitarian argument for age-dependent working time regulation, which can make the short-lived better off and reduce inequalities …
Persistent link: https://www.econbiz.de/10012963777
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