Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter …

business cycle conditions at the time of deregulation significantly affect adjustment. A reduction of firing costs entails …

Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with … central assumptions: Monopolistic competition in the goods market, which determines the size of rents; and bargaining in the …

's reform -- the first major privatization that also served as a model for other countries -- actually increased labor market … distortions. It is then shown that privatization with limited transition relief can reduce labor market distortions and produce …

among top 20 largest cities by population. We estimate the cost savings from privatization and explore the political economy … of why privatization rates are lower in high cost unionized areas. Our analysis finds that the full privatizaton could …

restraints, thereby, soften retail competition—an impact also generated by resale price maintenance (RPM). However, by …

that would inject private-school competition and increase technical efficiencies without cream skimming. Conditioning …. However, by adding conditions like tuition constraints such as vouchers can reap the benefits of school competition without …