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We uncover a hidden illegal fishing practice: the use of fishing nets with illegally small mesh size. The small mesh prevents nearly all fish of saleable size from escaping the net, but also traps a large number of fish which are too small to be sold on the market and are therefore discarded at...
Persistent link: https://www.econbiz.de/10013368988
Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement …. Economic theory suggests that conducting audits on a predictable schedule, and (counter-intuitively) at high frequency, can …
Persistent link: https://www.econbiz.de/10011985950
contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …
Persistent link: https://www.econbiz.de/10011347148
The impact and economic merits of President Biden's Executive Order 13985 on equity depend on how the executive order is implemented. While policy discussion to date has focused on equitable outcomes, we propose framing risk equity policies in terms of equitable risk tradeoff rates based on six...
Persistent link: https://www.econbiz.de/10013470623
This paper offers an eclectic survey of the political economy of labor regulation in the United States at federal and …
Persistent link: https://www.econbiz.de/10003481858
This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous …
Persistent link: https://www.econbiz.de/10003585349
We investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire outcome may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban....
Persistent link: https://www.econbiz.de/10003652670
We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...
Persistent link: https://www.econbiz.de/10003328066
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …
Persistent link: https://www.econbiz.de/10003278939
We contribute to the growing literature which aims to link product market regulation and competition to labor market … moving from the US low regulation-individual bargaining economy to the EU high regulation-collective bargaining economy leads …
Persistent link: https://www.econbiz.de/10003418442