regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be … elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation …

set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is … effect: deregulation of state controls and in particular involvement in business operations tends to push up the unemployment … rate. Labour market deregulation, proxied by the employment protection legislation index, is detrimental to unemployment in …

effects of reforms lowering barriers to entry and dismissal costs. Our estimates show that both policies induce non … on cyclical conditions: the employment cost of deregulation is higher in economic downturns, negligible in good times …

is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation …

limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows … the distribution of true costs and benefits as well as that of errors. By imposing constraints on transaction prices, the … sufficient intelligence by people with limited intelligence may dominate government regulation. …