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Energy efficiency and conservation are considered key means for reducing greenhouse gas emissions and achieving other energy policy goals, but associated market behavior and policy responses have engendered debates in the economic literature. We review economic concepts underlying consumer...
Persistent link: https://www.econbiz.de/10013071110
simple regulation -- a liquidity requirement -- that corrects such an externality by affecting the interest rate on the … with the existing literature, the necessity of regulation does not depend on exogenous incompleteness of markets for …
Persistent link: https://www.econbiz.de/10012767119
regulation. Guided by restrictive legislative mandates, regulatory policies often strike a quite different balance with an … policy efforts. Inadequate regulatory enforcement and behavioral responses to regulation may limit their effectiveness, while …
Persistent link: https://www.econbiz.de/10013247851
Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather … uncommon. I argue that the ubiquity of regulation is explained not so much by the failure of markets, or by asymmetric … accounts for the ubiquity of regulation, for its growth over time, as well as for the fact that contracts themselves are …
Persistent link: https://www.econbiz.de/10013148865
. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …
Persistent link: https://www.econbiz.de/10013324065
A decade has passed since Robert Lucas asked why capital does not flow from rich to poor countries. Lucas used a contemporary example to illustrate his Paradox, the very modest flow of capital from the United States to India during the second great global capital market boom, after 1970. Had he...
Persistent link: https://www.econbiz.de/10013224177
. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …
Persistent link: https://www.econbiz.de/10013232151
standards-based regulation because of common perceptions that they burden the poor relative to the rich. However, the literature …
Persistent link: https://www.econbiz.de/10012958985
, decrease with anti-competitive regulation in upstream sectors and increase with the industry specific output gap; ii) decrease … with the national output gap, increase with the national employment rate and decrease with employment protection regulation …
Persistent link: https://www.econbiz.de/10009534964
Social insurance programs typically comprise sick leave insurance. An important policy parameter is how the cost of sick leave are shared between workers, firms, and the social security system. We show that this sharing rule affects not only absence behavior, but also workers' subsequent health....
Persistent link: https://www.econbiz.de/10010532515