Showing 1 - 10 of 63
FCC spectrum auctions sell licenses to provide mobile phone service in designated geographic territories. We propose a method to structurally estimate the deterministic component of bidder valuations and apply it to the 1995-1996 C-block auction. We base our estimation of bidder values on a...
Persistent link: https://www.econbiz.de/10013313676
In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...
Persistent link: https://www.econbiz.de/10012759683
We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for 72 countries based on legal rules prevailing in 2003, and focuses on private...
Persistent link: https://www.econbiz.de/10013222927
This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics …
Persistent link: https://www.econbiz.de/10013064852
This study examines the extent and influence of occupational licensing in the U.S. using a specially designed national … labor force survey. Specifically, we provide new ways of measuring occupational licensing and consider what types of … licensing is associated with about 14 percent higher wages, but the effect of governmental certification on pay is much smaller …
Persistent link: https://www.econbiz.de/10013159525
We study the effects of occupational licensing on consumer choices and market outcomes in a large online platform for … the causal effects of licensing information on consumer choices. We find that the platform-verified licensing status of a … licensing on aggregate market outcomes on the platform. Our results show that more stringent licensing regulations are …
Persistent link: https://www.econbiz.de/10012844298
This study provides the first nation-wide analysis of the labor market implications of occupational licensing for the U … rely on state-level occupational licensing data. Workers who have higher levels of education are more likely to work in … nonunion or private sector employees. Our multivariate estimates suggest that licensing has about the same quantitative impact …
Persistent link: https://www.econbiz.de/10012758426
concession contracts …
Persistent link: https://www.econbiz.de/10012758508
We assess the welfare consequences of occupational licensing for workers and consumers. We estimate a model of labor … market equilibrium in which licensing restricts labor supply but also affects labor demand via worker quality and selection …. On the margin of occupations licensed differently between U.S. states, we find that licensing raises wages and hours but …
Persistent link: https://www.econbiz.de/10012860848
Occupational licensing laws have been relaxed in a large number of U.S. states to give nurse practitioners the ability … infant mortality rates or malpractice premiums. Overall, our results suggest that these more restrictive state licensing …
Persistent link: https://www.econbiz.de/10013058260