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Antitrust and Regulation
Carlton, Dennis W. - 2007
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have … operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …
Persistent link: https://www.econbiz.de/10012777652
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Monetary Policy as Financial-Stability Regulation
Stein, Jeremy C. - 2011
This paper develops a model that speaks to the goals and methods of financial-stability policies. There are three main points. First, from a normative perspective, the model defines the fundamental market failure to be addressed, namely that unregulated private money creation can lead to an...
Persistent link: https://www.econbiz.de/10013128276
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Policy Intervention in Debt Renegotiation : Evidence from the Home Affordable Modification Program
Agarwal, Sumit - 2012
We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its...
Persistent link: https://www.econbiz.de/10013101335
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Cost of Service Regulation in U.S. Health Care : Minimum Medical Loss Ratios
Cicala, Steve - 2017
service regulation. Using variation created by the rule's introduction as a natural experiment, we find claims costs rose …
Persistent link: https://www.econbiz.de/10012957378
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Robots, Trade, and Luddism : A Sufficient Statistic Approach to Optimal Technology Regulation
Costinot, Arnaud - 2018
valued? We provide a general theory of optimal technology regulation in a second best world, with rich heterogeneity across …
Persistent link: https://www.econbiz.de/10012910297
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Unpacking the Effects of Adverse Regulatory Events : Evidence from Pharmaceutical Relabeling
Higgins, Matthew John - 2018
We provide causal evidence that regulation induced product shocks significantly impact aggregate demand and firm … receiving expedited review are more likely to suffer from regulation induced product shocks. Thus, it appears we may be trading …
Persistent link: https://www.econbiz.de/10012911697
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Prescription Drug Monitoring Programs, Opioid Abuse, and Crime
Dave, Dhaval - 2018
We study the spillover effects of prescription drug monitoring programs (PDMPs) on crime, and in the process inform how policies that restrict access to Rx opioids per se within the healthcare system would impact broader non-health domains. In response to the substantial increase in opioid use...
Persistent link: https://www.econbiz.de/10012911712
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The Problem of Data Quality in Analyses of Opioid Regulation : The Case of Prescription Drug Monitoring Programs
Horwitz, Jill R. - 2018
States, which have the primary legal role in regulating the prescribing and dispensing of prescription medications, have created Prescription Drug Monitoring Programs (PDMP) to try to reduce inappropriate prescribing, dispensing, and related harm. Research assessing whether these interventions...
Persistent link: https://www.econbiz.de/10012911717
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How Do Insurance Firms Respond to Financial Risk Sharing Regulations? Evidence from the Affordable Care Act
Sacks, Daniel W. - 2017
We investigate the effect of the Risk Corridors (RC) program on premiums and insurer participation in the Affordable Care Act (ACA)'s Health Insurance Marketplaces. The RC program, which was defunded ahead of coverage year 2016, and ended in 2017, is a risk sharing mechanism: it makes payments...
Persistent link: https://www.econbiz.de/10012941160
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How Do Opioid Prescribing Restrictions Affect Pharmaceutical Promotion? Lessons from the Mandatory Access Prescription Drug Monitoring Programs
Nguyen, Thuy Dieu - 2019
Prior work considers effects of prescribing restrictions on opioid use but not upstream implications for pharmaceutical marketing activities, despite the inordinate role many believe marketing played in the crisis. Our study proposes a stylized model of pharmaceutical payments and investigates...
Persistent link: https://www.econbiz.de/10012861727