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Regulatory compliance with limited enforceability : evidence from privacy policies
Ganglmair, Bernhard; Krämer, Julia; Gambato, Jacopo - 2024
The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to …
Persistent link: https://www.econbiz.de/10014504790
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Electricity market operation : transitioning from a free market to a single buyer structure
Daglish, Toby; Bragança, Gabriel Godofredo Fiuza de; … - 2016
We examine electricity market reform in Brazil: from the 1990s till 2004 the largely hydro-powered market cleared using a market mechanism, and in March 2004 reformed to a single buyer structure. We model monthly log price differences using a two-state Markov Switching model, allowing water...
Persistent link: https://www.econbiz.de/10012059460
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The more the merrier? : on the optimality of market size restrictions
Negenborn, Colin von - 2019 - This draft: September 10, 2019
This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator …
Persistent link: https://www.econbiz.de/10012108481
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Efficiency and regulation in the sanitation sector in Brazil
Motta, Ronaldo Serôa da; Moreira, Ajax - 2015
Regulation in the sanitation sector in Brazil is facing a great deal of debate regarding the government level in which …, we investigate how the absence of tariff regulation has dissipated efficiencies and allowed the practice of monopolistic …
Persistent link: https://www.econbiz.de/10012023809
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News media bargaining codes
Sandrini, Luca; Somogy, Robert - 2024
We build a model of the news market where advertisers allocate their ads between a social media platform and a news website. Our objective is to evaluate policy interventions aimed at fostering news creation by transferring revenues from social media to news websites already introduced in...
Persistent link: https://www.econbiz.de/10014577558
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Consumer salience and quality provision in (un)regulated public service markets
Gu, Yiquan; Rasch, Alexander; Wenzel, Tobias - 2020
This paper examines the publication of quality indicators in service markets with public finance systems, such as education and healthcare markets. We provide a spatial model of product differentiation in which the reporting of such indicators increases consumers’ decision weight on quality...
Persistent link: https://www.econbiz.de/10012390724
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Income in Jeopardy : how losing employment affects the willingness to take risks/ Clemens Hetschko; Malte Preuss
Hetschko, Clemens; Preuss, Malte - 2015
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the willingness to take risks. This effect strengthens in...
Persistent link: https://www.econbiz.de/10011405097
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On measuring uncertainty and its impact on investment : cross-country evidence from the euro area
Meinen, Philipp; Röhe, Oke - 2016
many core economies. Focusing on the four largest euro-area countries, this paper investigates the role of uncertainty for … investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … uncertainty, and two indicators taking up the concept of (econometric) unpredictability. Although all uncertainty measures show …
Persistent link: https://www.econbiz.de/10011571047
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Show what you risk - norms for risk taking
Grimm, Stefan - 2018
Most economic decisions are embedded in a specific social context. In many such contexts, individual choices are influenced by their observability due to underlying social norms and social image concerns. This study investigates the impact of choices being observed, compared to anonymity of...
Persistent link: https://www.econbiz.de/10011930435
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Decision making under uncertainty : an experimental study in market settings
Echenique, Federico; Imai, Taisuke; Saito, Kota - 2019
We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our experiments are implemented in the laboratory with a student population, and pushed out through a large-scale panel to a general sample of the US population. We find that a...
Persistent link: https://www.econbiz.de/10012126236