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A policy of deputization asks agents to monitor others without providing explicit incentives. It is often used to prevent dangerous activities. To calibrate whether and why it works, we study recent laws that deputized financial professionals to help fight elder financial abuse. We show...
Persistent link: https://www.econbiz.de/10014241950
There is currently much debate about the effectiveness of foreign aid and about what kind of projects can engender economic development. There is skepticism about the ability of econometric analysis to resolve these issues, or of development agencies to learn from their own experience. In...
Persistent link: https://www.econbiz.de/10012757925
. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …
Persistent link: https://www.econbiz.de/10013232151
Telecommunications regulation in the U.S. is replete with a system of subsidies and taxes. Because of budgetary …
Persistent link: https://www.econbiz.de/10013248105
Most listed firms are freestanding in the U.S, while listed firms in other countries often belong to business groups: lasting structures in which listed firms control other listed firms. Hand-collected historical data illuminate how the present ownership structure of the United States arose: (1)...
Persistent link: https://www.econbiz.de/10013071909
accentuating the role of state courts and legislatures in the creation and regulation of nineteenth-century American nonprofit …
Persistent link: https://www.econbiz.de/10013022925
This paper explores the origins and effects of occupational licensing regulation in late nineteenth and early twentieth … century America. Was licensing regulation introduced to limit competition in the market for professional services at the …
Persistent link: https://www.econbiz.de/10013248281
During the Progressive Era at the beginning of the 20th century, the United States replaced litigation by regulation as … enforcement strategy between litigation and regulation based on the idea that justice can be subverted with sufficient expenditure … environment of significant inequality of wealth and political power. The switch to regulation can then be seen as an efficient …
Persistent link: https://www.econbiz.de/10013246364
This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. In … choice of instruments, and the influence of their market view when taking derivative positions. These differences appear to …
Persistent link: https://www.econbiz.de/10012788332
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …
Persistent link: https://www.econbiz.de/10012754560