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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 quot;excessivequot; entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a...
Persistent link: https://www.econbiz.de/10012779967
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/10013317674
European Labour Force Survey to investigate empirically the relationship between product market regulation and training …
Persistent link: https://www.econbiz.de/10013317117
heavy burden of monopoly and regulation. We find little evidence that the introduction of social protection programs for …This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and … regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under …
Persistent link: https://www.econbiz.de/10013148068
This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous …
Persistent link: https://www.econbiz.de/10013317110
This paper brings together the modern research on employer power and employee power by empirically examining the effects of unionization on worker earnings, employment, and inequality across differently concentrated markets. Exploiting national tax reforms to union membership dues as exogenous...
Persistent link: https://www.econbiz.de/10014243910
entry (above finance, taxes and regulation) and (b) while bribes' unavoidability is positively related to firm performance …
Persistent link: https://www.econbiz.de/10013136941
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10013108628
the monopoly pricing distortion. In the autarky equilibrium these subsidies trigger entry, but they eventually do not lead …
Persistent link: https://www.econbiz.de/10013155605
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10013042991