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Can price controls be optimal? : the economics of the energy shock in Germany

Krebs, Tom; Weber, Isabella - 2024

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to …. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any … other year in post-war Germany. There are also clear signs that the crisis is causing severe long-term economic damage …

Persistent link: https://www.econbiz.de/10014545082

The first world war and working-class food consumption in Britain

Gazeley, Ian; Newell, Andrew - 2010

In this paper we reassess the food consumption and dietary impact of the regimes of food and food price control and eventually, food rationing, that were introduced in Britain during the First World War. At the end of the War the Sumner Committee was convened to investigate into effects of these...

Persistent link: https://www.econbiz.de/10009156099

Regulation of pharmaceutical prices : evidence from a reference price reform in Denmark

Kaiser, Ulrich; Méndez, Susan J.; Rønde, Thomas; … - 2013

Reference prices constitute a main determinant of patient health care reimbursement in many countries. We study the effects of a change from an "external" (based on a basket of prices in other countries) to an "internal" (based on comparable domestic products) reference price system. We find...

Persistent link: https://www.econbiz.de/10009717701

How do drug prices respond to a change from external to internal reference pricing? : evidence from a Danish regulatory reform

Kaiser, Ulrich; Méndez, Susan J. - 2015

We study the effects of a change in the way patient reimbursements are calculated on the prices of pharmaceuticals using quasi-experimental data for Denmark which switched from external (where reimbursements are based on prices of similar products in foreign countries) to internal reference...

Persistent link: https://www.econbiz.de/10010467805

Cognitive ability and paternalism

Saint-Paul, Gilles - 2002

This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a 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...

Persistent link: https://www.econbiz.de/10011414080

Pareto-improving structural reforms

Saint-Paul, Gilles - 2018

Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...

Persistent link: https://www.econbiz.de/10011951457

Setting the minimum wage

Boeri, Tito - 2009

The process leading to the setting of the minimum wage so far has been fairly overlooked by economists. This paper suggests that this is a serious limitation as the setting regime contributes to explain cross-country variation in the fine-tuning of the minimum wage, hence in the way in which the...

Persistent link: https://www.econbiz.de/10003879369