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It is well documented that, in the presence of substantial fixed costs, markets offer preference majorities more variety than preference minorities. This fact alone, however, does not demonstrate the market outcome is in any way biased against preference minorities. In this paper, we clarify the...
Persistent link: https://www.econbiz.de/10013047395
make the situation worse, an impact assessment analysis should accompany every law and every regulation of every Ministry …
Persistent link: https://www.econbiz.de/10014221615
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
bank regulation, which will affect competition and stability in the long term, outside the period that may be observed …
Persistent link: https://www.econbiz.de/10013088399
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 misallocation declines and a considerable thickening of...
Persistent link: https://www.econbiz.de/10013064852
Recent research has suggested that the reduction of entry regulation can promote firm entry and job creation, but …
Persistent link: https://www.econbiz.de/10013069155
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...
Persistent link: https://www.econbiz.de/10013070600
the heterogeneity of the effect of entry, contract enforcement regulation, and financial development on both the decision … the level of regulation and financial development and some individual characteristics that are important determinants of … entrepreneurship, such as gender, business skills, and social networks. We find that entry regulation moderates the effect of business …
Persistent link: https://www.econbiz.de/10013154571
This paper studies the impact of product and labor market reforms when the economy faces major slack and a binding constraint on monetary policy easing---such as the zero lower bound. To this end, we build a two-country model with endogenous producer entry, labor market frictions, and nominal...
Persistent link: https://www.econbiz.de/10012944649
We study the consequences of product and labor market reforms in a two-country model with endogenous producer entry and labor market frictions. We focus on the role of business cycle conditions and external constraints at the time of reform implementation (or of a credible commitment to it) in...
Persistent link: https://www.econbiz.de/10012994915