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government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation …
Persistent link: https://www.econbiz.de/10012965433
Telecommunications regulation in the U.S. is replete with a system of subsidies and taxes. Because of budgetary …
Persistent link: https://www.econbiz.de/10013248105
This expository paper describes the factors that contribute to failure of health insurance markets, and the regulatory mechanisms that have been and can be used to combat these failures. Standardized contracts and creditable coverage mandates are discussed, along with premium support, enrollment...
Persistent link: https://www.econbiz.de/10013108304
In recent years, cases in which state governments chose to override federal environmental regulation with tighter … paper argues that this change arose at least in part because of a shift in the type of regulation used at the federal level …, from command-and-control regulation toward more incentive-based regulation. Under an incentive-based federal regulation, a …
Persistent link: https://www.econbiz.de/10013141265
Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies...
Persistent link: https://www.econbiz.de/10012753563
Pay-as-you-go Social Security is typically characterized as a universal defined benefit pension program. Implicit in this characterization is a sense that the participant%u2019s investment in future benefits is somehow guaranteed, or safe from risk. This study develops the concept of...
Persistent link: https://www.econbiz.de/10012761674
We document the evolution of the newly created market for frequency response within the UK electricity system over a six-year period. Firms competed in price while facing considerable initial uncertainty about market demand and rival behavior. We show that over time prices stabilized, converging...
Persistent link: https://www.econbiz.de/10012998954
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
quantitative estimates of the consequences of government regulation. We estimate the impact of restricting gender-based pricing in …
Persistent link: https://www.econbiz.de/10012780190
years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …
Persistent link: https://www.econbiz.de/10012774607