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Consumer standards as a strategic device to mitigate ratchet effects in dynamic regulation
Fiocco, Raffaele; Strausz, Roland - 2014
Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by …
Persistent link: https://www.econbiz.de/10010345239
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The macroeconomics of TANSTAAFL
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2011
This paper shows that dynamic inefficiency can occur in dynamic general equilibrium models with fully optimizing, infinitely-lived households even in a situation with underinvestment. We identify necessary conditions for such a possibility and illustrate it in a standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10009380412
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Education and efficient redistribution
Dur, Robert A. J.; Teulings, Coen N. - 2001
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there is a counteracting effect: an increase in the stock of...
Persistent link: https://www.econbiz.de/10011400867
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Stock market returns, corporate governance and capital market equilibrium
Parigi, Bruno; Pelizzon, Loriana; Thadden, Ernst-Ludwig von - 2013
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
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Is medicines parallel trade "regulatory arbitrage"?
Costa-Font, Joan - 2015
regulation, and not by price differences in line with the hypothesis of "regulatory arbitrage". …
Persistent link: https://www.econbiz.de/10010477153
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Decentralized environmental regulations and plant-level productivity
Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018
efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily … literature on the Porter Hypothesis, which posits a positive relationship between environmental regulation and "green" TFP growth … and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution …
Persistent link: https://www.econbiz.de/10011906240
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Drivers of Covid-19 vaccinations : vaccine administration and delivery efficiency in the United States
Goel, Rajeev K.; Nelson, Michael A. - 2021
drivers of the administration and delivery efficiency of coronavirus vaccines. For this purpose, we use data from the 50 US … economic prosperity and rural population aid vaccine administration and delivery efficiency. Delivery efficiency improves in … health workers, including physicians and nurses, did not significantly impact administration or efficiency. On the other hand …
Persistent link: https://www.econbiz.de/10012494792
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Does competition justify inequality?
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2015
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011405188
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Incentives to work and performance in the public sector
Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2015
productive efficiency, in the public sector. We focus on reforms aiming to establish parity between work conditions in the public …
Persistent link: https://www.econbiz.de/10010477149
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Efficient adaptation to flood risk
Hovekamp, Winston P.; Wagner, Katherine R. H. - 2023
This paper studies whether private adaptation to flood risk is economically efficient. We estimate the return to elevating houses, one of the most significant private defensive investments against flooding, using two decades of microdata on the universe of houses and flood damages in high-risk...
Persistent link: https://www.econbiz.de/10013503365