Showing 81 - 90 of 323
Persistent link: https://www.econbiz.de/10010479958
Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are heterogeneous and give loans to firms that produce output in...
Persistent link: https://www.econbiz.de/10011447527
Performance-based regulation (PBR) is influenced by the Bayesian and non-Bayesian incentive mechanisms. While Bayesian … incentives require long-term adjustments based on rate-of-return regulation with a used and usefulʺ criterion. …
Persistent link: https://www.econbiz.de/10002856774
Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments … use of taxes and regulation in combination, to control externalities arising from individual consumption behaviour. We … level of direct regulation alters the optimal externality tax. -- externalities ; Pigouvian taxes ; regulations …
Persistent link: https://www.econbiz.de/10003887337
are needed to implement pre-electoral agreements. -- regulation ; regulatory risk ; political economy ; electoral …
Persistent link: https://www.econbiz.de/10003938159
prefer regulatory risk and these preferences may contradict both the firm's and consumers'. -- optimal incentive regulation …
Persistent link: https://www.econbiz.de/10003850166
. Second, a TV channel might find it optimal to commit to not raising advertising revenue. Third, regulation of the advertising …-sided market ; coordination ; regulation ; TV industry …
Persistent link: https://www.econbiz.de/10009571034
investment. -- regulation ; competition ; market integration ; investment ; electricity …
Persistent link: https://www.econbiz.de/10009571212
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/10009230899
We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight...
Persistent link: https://www.econbiz.de/10010199716