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The transaction costs perspective on costs and benefits of government regulation
Butter, Frank A. G. den; Graaf, Marc de; Nijsen, André F. - 2009
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 …
Persistent link: https://www.econbiz.de/10011377583
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Deregulation in retailing : the Dutch experience
Carree, Martin Anthony; Nijkamp, Joyce - 1999
Institutional barriers to entry were removed to a considerable extent in 1996 in the Dutch retail sector. Three years before that the regulator decided to not take legal actions anymore against entrants violating institutional requirements. In the current analysis we investigate the effects of...
Persistent link: https://www.econbiz.de/10011302129
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Policy makers, advisors, and reputation
Wrasai, Phongthorn; Swank, Otto H. - 2004
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
Persistent link: https://www.econbiz.de/10011334827
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Do elections lead to informed public decisions?
Swank, Otto H.; Visser, Bauke - 2003
Democracies delegate substantial decision power to politicians. Using a model in which an incumbent can design, examine and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections. Elections are needed as a carrot and a stick to motivate...
Persistent link: https://www.econbiz.de/10011334365
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Deliberation, information aggregation and collective decision making
Swank, Otto H.; Wrasai, Phongthorn - 2003
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011325966
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Politicians' motivation, role of elections, and policy choices
Wrasai, Phongthorn - 2005
We develop a simple two period model to study the importance of motivational differences among politicians in describing the role of elections and explaining policy choices. In our model, politicians differ in their motives of running public office. Good politicians care about policies while bad...
Persistent link: https://www.econbiz.de/10011343267
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Do more powerful interest groups have a disproportionate influence on policy?
Sharif, Zara; Swank, Otto H. - 2012
Persistent link: https://www.econbiz.de/10009724330
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Single-till versus dual-till regulation of airports
Czerny, Achim Ingo; Zhang, Anmin - 2015
are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports … activities into the regulation of airport infrastructure charges? This question is addressed in this paper. We discuss basic …
Persistent link: https://www.econbiz.de/10010510068
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Corporate social responsibility by joint agreement
Schinkel, Maarten-Pieter; Treuren, Leonard - 2021
requiring a higher CSR level by regulation while preserving competition always gives higher within-market welfare. …
Persistent link: https://www.econbiz.de/10012591411
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Credit rationing effects of credit value-at-risk
Slijkerman, Jan Frederik; Smant, David Jan Cornelis; … - 2004
asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem … of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation … welfare. CVaR regulation also affects the operation of monetary policy. …
Persistent link: https://www.econbiz.de/10011334832