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An Industry-Adjusted Index of State Environmental Compliance Costs
Levinson, Arik - 2021
This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The … index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years … and 1994. Third, this cost index is negatively correlated with subjective indices of state environmental efforts compiled …
Persistent link: https://www.econbiz.de/10013311863
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The Regulation of Entry
Djankov, Simeon; La Porta, Rafael; Lopez de Silanes, … - 2021
We present new data on the regulation of entry of start-up firms in 75 countries. The data set contains information on the number of procedures, official time, and official cost that a start-up must bear before it can operate legally. The official costs of entry are extremely high in most...
Persistent link: https://www.econbiz.de/10013218309
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Conscription as Regulation
Mulligan, Casey B.; Shleifer, Andrei - 2021
We examine the practice of military conscription around the world from the perspective of two standard theories, and a new one, which emphasizes the fixed cost of introducing and administering the draft as a deterrent to its use. We find that, holding the relative size of the military constant,...
Persistent link: https://www.econbiz.de/10013229072
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Competing on Speed
Philippon, Thomas - 2011
Two forces have reshaped global securities markets in the last decade: Exchanges operate at much faster speeds and the trading landscape has become more fragmented. In order to analyze the positive and normative implications of these evolutions, we study a framework that captures (i) exchanges'...
Persistent link: https://www.econbiz.de/10013117526
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Anger and Regulation
Di Tella, Rafael - 2010
We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an equilibrium may emerge where all firms pretend to be...
Persistent link: https://www.econbiz.de/10013151652
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Voluntary Regulation : Evidence from Medicare Payment Reform
Einav, Liran - 2020
Government programs are often offered on an optional basis to market participants. We explore the economics of such voluntary regulation in the context of a Medicare payment reform, in which one medical provider receives a single, predetermined payment for a sequence of related healthcare...
Persistent link: https://www.econbiz.de/10012833119
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Robots, Trade, and Luddism : A Sufficient Statistic Approach to Optimal Technology Regulation
Costinot, Arnaud - 2018
Technological change, from the advent of robots to expanded trade opportunities, tends to create winners and losers. How should government policy respond? And how should the overall welfare impact of technological change on society be valued? We provide a general theory of optimal technology...
Persistent link: https://www.econbiz.de/10012910297
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Regulation - the Corridor to Liberalization : The Experience of the Israeli Phone Market 1984-2005
Gronau, Reuben - 2010
An important part of the literature on regulatory economics is based on the US experience, where a well-established regulator faces a privately owned monopoly. It is sometimes forgotten that this model does not apply in many places where a newly established regulator faces a government owned, or...
Persistent link: https://www.econbiz.de/10012760613
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Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage
Fowlie, Meredith - 2008
For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly concerned about the emissions leakage that may occur if...
Persistent link: https://www.econbiz.de/10012769643
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Macroprudential Policy with Leakages
Bengui, Julien; Bianchi, Javier - 2021
The outreach of macroprudential policies is likely limited in practice by imperfect regulation enforcement, whether due to shadow banking, regulatory arbitrage, or other regulation circumvention schemes. We study how such concerns affect the design of optimal regulatory policy in a workhorse...
Persistent link: https://www.econbiz.de/10013224121