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On the Persistent Financial Losses of U.S. Airlines : A Preliminary Exploration
Borenstein, Severin - 2011
U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the … that challenges the economics of deregulation. I examine some of the most common explanations among industry participants …
Persistent link: https://www.econbiz.de/10013130786
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Unilateral Tariff Liberalisation
Baldwin, Richard - 2010
Unilateral tariff liberalisation by developing nations is pervasive but our understanding of it is shallow. This paper strives to partly redress this lacuna on the theory side by introducing three novel political economy mechanisms with particular emphasis is on the role of production...
Persistent link: https://www.econbiz.de/10013135235
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Estimating the Impact of Restructuring on Electricity Generation Efficiency : The Case of the Indian Thermal Power Sector
Cropper, Maureen - 2011
We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from vertically integrated State Electricity Boards into state...
Persistent link: https://www.econbiz.de/10013120321
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Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power
Davis, Lucas W. - 2011
markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 …
Persistent link: https://www.econbiz.de/10013121046
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Open Borders
Kennan, John - 2012
There is a large body of evidence indicating that cross-country differences in income levels are associated with differences in productivity. If workers are much more productive in one country than in another, restrictions on immigration lead to large efficiency losses. The paper quantifies...
Persistent link: https://www.econbiz.de/10013101820
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Market Deregulation and Optimal Monetary Policy in a Monetary Union
Cacciatore, Matteo - 2013
The wave of crises that began in 2008 reheated the debate on market deregulation as a tool to improve economic … policy to reduce transition costs. Third, deregulation reduces static and dynamic inefficiencies, making price stability more … desirable. International synchronization of reforms can eliminate policy tradeoffs generated by asymmetric deregulation …
Persistent link: https://www.econbiz.de/10013082164
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How Do Hospitals Respond to Market Entry? Evidence from a Deregulated Market for Cardiac Revascularization
Li, Suhui - 2013
Regulatory entry barriers to hospital service markets, namely Certificate of Need (CON) regulations, are enforced in many states; although no longer federally mandated, policy makers in other states are considering reinstating CON policies in tandem with service expansions mandated under the...
Persistent link: https://www.econbiz.de/10013084146
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Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal Versus Net Capital Flow Concerns
Aizenman, Joshua - 2013
In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital outflow controls in the recent decades. Liberalization of capital outflow controls can allow emerging market economies (EMEs) to reduce net capital inflow (NKI) pressures, but...
Persistent link: https://www.econbiz.de/10013085490
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These are the Good Old Days : Foreign Entry and the Mexican Banking System
Haber, Stephen - 2013
In 1997, the Mexican government reversed long-standing policies and allowed foreign banks to purchase Mexico's largest commercial banks and relaxed restrictions on the founding of new, foreign-owned banks. The result has been a dramatic shift in the ownership structure of Mexico's banks. For...
Persistent link: https://www.econbiz.de/10013088399
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Deregulation, Misallocation, and Size : Evidence from India
Alfaro, Laura - 2014
This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics … and the reallocation of resources within industries over time. Following deregulation, we find that the extent of resource … regressions reveal that the distributional effects of deregulation on firm size are significantly non-linear. The size …
Persistent link: https://www.econbiz.de/10013064852