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In the United States today, the system of financial regulation is complex and fragmented. Responsibility to regulate …
Persistent link: https://www.econbiz.de/10013120193
The Constitution of 1787 was designed to give Congress powers over trade policy that it lacked under the Articles of Confederation. The Washington administration was split over whether to use these powers to raise revenue or to retaliate against Britain's discriminatory trade policies. Obsessed...
Persistent link: https://www.econbiz.de/10013158026
The Affordable Care Act Marketplaces were introduced in 2014 as part of a reform of the U.S. individual health insurance market. While the individual market represents a small slice of the U.S. population, it has historically been the market segment with the lowest rates of take-up and greatest...
Persistent link: https://www.econbiz.de/10012955448
service regulation. Using variation created by the rule's introduction as a natural experiment, we find claims costs rose …
Persistent link: https://www.econbiz.de/10012957378
regulated to reverse course and deregulate to any significant extent. Moreover, regulation in most large coastal markets …
Persistent link: https://www.econbiz.de/10012845503
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
's regulation and a major enforcement reform in Germany, we find that forcing a greater share of firms to publicly disclose their …We investigate the impact of reporting regulation on corporate innovation activity. Exploiting thresholds in Europe … concentrate innovation among a few large firms in a given industry. In sum, financial reporting regulation has important …
Persistent link: https://www.econbiz.de/10012862416
We provide a comparison of salient organizational features of primary markets for foreign government debt over the very long run. We focus on output, quality control, information provision, competition, pricing, charging, and signaling. We find that the market setup experienced a radical...
Persistent link: https://www.econbiz.de/10013152230
A liquidity-constrained entrepreneur needs to raise capital to finance a business activity that may cause injuries to third parties -- the tort victims. Taking the level of borrowing as fixed, the entrepreneur finances the activity with senior (secured) debt in order to shield assets from the...
Persistent link: https://www.econbiz.de/10012766333
Whereas the literature evaluating the effect of tort reforms has focused on reported incurred losses, this paper examines the long run effects using a comprehensive sample by state of individual firms writing medical malpractice insurance from 1984-2003. The long run effects of reforms are...
Persistent link: https://www.econbiz.de/10014027237