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Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10013118774
labor market regulation is high. Moreover, there is evidence in our sample that product market deregulation promotes labor …
Persistent link: https://www.econbiz.de/10012777020
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
context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition …
Persistent link: https://www.econbiz.de/10013129092
has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10012764487
This paper presents a novel method for estimating the likely welfare effects of competition reforms for both current … consumers are more likely to reap the benefits of greater competition. This method represents a powerful tool for supporting the … analysis of competition reforms in developing countries, particularly in sectors known for excluding significant segments of …
Persistent link: https://www.econbiz.de/10013250766
This paper offers an eclectic survey of the political economy of labor regulation in the United States at federal and … review, and interjurisdictional competition as well as the implications of union decline. Our analysis should help dispel any …
Persistent link: https://www.econbiz.de/10012779168
, inequality is highly responsive to the increase in product market competition triggered by domestic regulatory reform …
Persistent link: https://www.econbiz.de/10013058310
in international data. More market orientation might be related to gender wage gaps via its effects on competition in … product and labor markets and the general absence of regulation in the economy. The first approach employs meta-analysis data …
Persistent link: https://www.econbiz.de/10013316922
This paper provides a systematic empirical investigation of the effect of product marketliberalization on employment when there are interactions between policies and institutions inproduct and labor markets...
Persistent link: https://www.econbiz.de/10005863030