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-grounded. -- merger control ; regulatory reform ; EU Commission ; event-study …
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The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....
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We analyze the effect of a labor market reform on firms' product innovation. The re- form, which amounts to a natural … uncertainty. Using a difference-in- differences framework, we show that the reform increased product innovations. We also provide … evidence that the reform induced upgrading of product quality and enabled firms to grow faster and enter new markets. The …
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