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From Nothing to Too Much : Regulatory Reform in Greece
Hatzis, Aristides N.; Nalpantidou, Sonia - 2013
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
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The Effect of Privacy Regulation on the Data Industry : Empirical Evidence from Gdpr
Aridor, Guy; Che, Yeon-Koo; Salz, Tobias - 2022
Regulation (GDPR). The opt-in requirement of GDPR resulted in 12.5% drop in the intermediary-observed consumers, but the …
Persistent link: https://www.econbiz.de/10014100575
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The Failure of Free Entry
Gutiérrez Gallardo, Germán; Philippon, Thomas - 2022
We study the entry and exit of firms across U.S. industries over the past 40 years. The elasticity of entry with respect to Tobin’s Q was positive and significant until the late 1990s but declined to zero afterwards. Standard macroeconomic models suggest two potential explanations: rising...
Persistent link: https://www.econbiz.de/10014105633
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Does Competition Affect Bank Risk?
Jiang, Liangliang - 2017
Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for identifying exogenous changes in the competitive...
Persistent link: https://www.econbiz.de/10012964890
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Imperfect Markets Versus Imperfect Regulation in U.S. Electricity Generation
Cicala, Steve - 2017
This paper measures changes in electricity generation costs caused by the introduction of market mechanisms to determine output decisions in service areas that were previously using command-and-control-type operations. I use the staggered transition to markets from 1999- 2012 to evaluate the...
Persistent link: https://www.econbiz.de/10012965429
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Political Determinants of Competition in the Mobile Telecommunication Industry
Faccio, Mara - 2017
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
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Optimal Regulation with Exemptions
Kaplow, Louis - 2017
basic and ubiquitous features of regulation as actually implemented throughout the world has received little theoretical … because exemption induces additional harmful activity to be channeled their way. This article analyzes optimal regulation with … regulation, which illustrates the contrast with the mechanism design approach that analyzes the optimal use of instruments of a …
Persistent link: https://www.econbiz.de/10012946483
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Mostly Harmless Regulation? Electronic Cigarettes, Public Policy and Consumer Welfare
Kenkel, Donald Scott - 2017
Electronic cigarettes are a less harmful alternative to combustible cigarettes. We analyze data on e-cigarette choices in an online experimental market. Our data and mixed logit model capture two sources of consumer optimization errors: over-estimates of the relative risks of e-cigarettes; and...
Persistent link: https://www.econbiz.de/10012949411
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Regulation of Charlatans in High-Skill Professions
Berk, Jonathan B. - 2017
disclosure requirements that exist in these markets. We show that reducing the number of charlatans through regulation decreases … regulation, implying that the regulation we observe in these markets likely derives from producer interests. Using these insights …
Persistent link: https://www.econbiz.de/10012949422
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Optimal Regulation of Financial Intermediaries
Di Tella, Sebastian - 2017
I characterize the optimal financial regulation policy in an economy where financial intermediaries trade capital … assets on behalf of households, but must retain an equity stake to align incentives. Financial regulation is necessary …
Persistent link: https://www.econbiz.de/10012951871