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Pareto-improving structural reforms
Saint-Paul, Gilles - 2018
elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation … regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be …
Persistent link: https://www.econbiz.de/10011941166
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Reform, uncertainty and spillovers : a gravity model approach
Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - 2012
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10009503832
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A look upstream : electricity market restructuring, risk, procurement contracts and efficiency
Di Maria, Corrado; Lange, Ian; Lazarova, Emiliya A. - 2014 - This version: November 25, 2014
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …
Persistent link: https://www.econbiz.de/10010464693
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Deregulation, entry of foreign banks and bank efficiency in Australia
Sturm, Jan-Egbert; Williams, Barry - 2002
This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency … their superior scale efficiency. However, this superior efficiency did not necessarily result in superior profits. Our …
Persistent link: https://www.econbiz.de/10011514045
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Economic and political liberalizations
Giavazzi, Francesco; Tabellini, Guido Enrico - 2004
This paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...
Persistent link: https://www.econbiz.de/10011450308
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Democracy and development : the devil in the details
Persson, Torsten (contributor);  … - 2006
Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...
Persistent link: https://www.econbiz.de/10003301122
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Structural reforms and income inequality : who benefits from market-oriented reforms?
Gründler, Klaus; Potrafke, Niklas; Wochner, Timo - 2020
We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest that market-oriented structural reforms were...
Persistent link: https://www.econbiz.de/10012154916
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Market liberalization in the European natural gas market : the importance of capacity constraints and efficiency differences
Brakman, Steven; Marrewijk, Charles van; … - 2009
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10003857130
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Why Bitcoin and Ethereum differ in transaction costs : a theory of blockchain fee policies
Ndiaye, Abdoulaye - 2024
Blockchains, the technology underlying cryptocurrencies, face large fluctuations in user demand and marginal costs. These fluctuations make effective fee policies necessary to manage transaction service allocation. This paper models the conflict between the blockchain designer and validators...
Persistent link: https://www.econbiz.de/10015046289
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Labor responses, regulation and business churn
Aloi, Marta; Dixon, Huw; Savagar, Anthony - 2018
. Existing empirical results support our theory based on short-run labor responses across US industries. We derive closed …
Persistent link: https://www.econbiz.de/10011921997