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How Can Policy Encourage Economically Sensible Climate Adaptation?
Smith, V. Kerry - 2010
This paper considers the role of incentive based climate adaptation policies. It uses the early literature on pricing and capacity choices under demand uncertainty to describe how revised price structures for the substitutes for climate services can be treated as anticipatory adaptation. In many...
Persistent link: https://www.econbiz.de/10013142081
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Reliability and Competitive Electricity Markets
Joskow, Paul L.; Tirole, Jean - 2021
Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...
Persistent link: https://www.econbiz.de/10013247433
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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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The Cost of Banking Regulation
Guiso, Luigi - 2010
effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was …
Persistent link: https://www.econbiz.de/10012760665
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Pharmaceutical Industry, Drug Quality and Regulation : Evidence from Us and Italy
Atella, Vincenzo - 2008
This paper examines the relationship between drug price and drug quality and how it varies across two of the most common regulatory regimes in the pharmaceutical market: minimum efficacy standards (MES) and a mix of minimum efficacy standards and price control mechanisms (MES+PC). Through a...
Persistent link: https://www.econbiz.de/10012768128
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The Competition between Competition Rules
Sinn, Hans-Werner - 2021
Open borders imply systems competition. This paper studies the implications of systems competition for the national competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since abolishing this law makes it possible for a single country...
Persistent link: https://www.econbiz.de/10013227744
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Ability, Gender, and Performance Standards : Evidence from Academic Probation
Lindo, Jason M. - 2010
We use a regression discontinuity design to examine students' responses to the negative incentive brought on by being placed on academic probation. Consistent with a model of introducing performance standards in which agents respond differently based on ability, we find that being placed on...
Persistent link: https://www.econbiz.de/10012758479
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Setting the X Factor in Price Cap Regulation Plans
Bernstein, Jeffrey I.; Sappington, David E. M. - 2021
Despite the popularity of price cap regulation in practice, the economic literature provides relatively little guidance … regulation, and when product-specific costs and productivity cannot be measured; (2) when the pricing decisions of the regulated …
Persistent link: https://www.econbiz.de/10013248547
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Incumbent Behavior : Vote Seeking, Tax Setting and Yardstick Competition
Besley, Timothy J.; Case, Anne - 2022
This paper presents a theoretical and empirical investigation of tax competition when voters use the tax policy of neighboring jurisdictions as information to evaluate the performance of their incumbent politicians. We show that this has implications both for voter tolerance of high taxes and...
Persistent link: https://www.econbiz.de/10013292464
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How Would Medicare for All Affect Health System Capacity? Evidence from Medicare for Some
Clemens, Jeffrey P.; Gottlieb, Joshua D.; Hicks, Jeffrey - 2021
Proposals to create a national health care plan such as "Medicare for All" rely heavily on reducing the prices that insurers pay for health care. These changes affect physicians' short-run incentives for care provision and may also change health care providers' incentives to invest in capacity,...
Persistent link: https://www.econbiz.de/10013243387