requiring a higher CSR level by regulation while preserving competition always gives higher within-market welfare. …

regulation by taking all transaction costs into account which stem from the principal/agent relationship between regulatory … regulated entities – part of these costs can be regarded as the administrative burden of regulation for the private sector – but … society due to e.g. miscommunication on the aims of regulation, and are, of course, hard to quantify. A cost calculation using …

. Regulation of the price that the MaaS firm has to pay may lower prices, but, compared to the Integrator model, the change is … often small. So, even without price regulation, MaaS supply can benefit consumers by increasing competition and removing …

. Regulation of the price that the MaaS firm has to pay may further lower prices, but compared to the Integrator the difference is … often small. So, even without price regulation, MaaS supply can already benefit consumers by increasing competition and …

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …