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Input and Technology Choices in Regulated Industries: Evidence From the Health Care Sector
Acemoglu, Daron; Finkelstein, Amy - National Bureau of Economic Research (NBER) - 2006
This paper examines the implications of regulatory change for the input mix and technology choices of regulated industries. We present a simple neoclassical framework that emphasizes the change in relative factor prices associated with the regulatory change from full cost to partial cost...
Persistent link: https://www.econbiz.de/10005050010
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Are Dynamic Vickrey Auctions Practical?: Properties of the Combinatorial Clock Auction
Levin, Jonathan; Skrzypacz, Andrzej - National Bureau of Economic Research (NBER) - 2014
The combinatorial clock auction is becoming increasingly popular for large-scale spectrum awards and other uses, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide range of ex post equilibria with demand expansion,...
Persistent link: https://www.econbiz.de/10010950813
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Regulation - the Corridor to Liberalization: The Experience of the Israeli Phone Market 1984-2005
Gronau, Reuben - National Bureau of Economic Research (NBER) - 2006
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/10005579988
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Time-To-Plan Lags for Commercial Construction Projects
Oliner, Stephen D.; Sichel, Daniel; Millar, Jonathan N. - National Bureau of Economic Research (NBER) - 2013
We use a large project-level dataset to estimate the length of the planning period for commercial construction projects in the United States. We find that these time-to-plan lags are long, averaging about 17 months when we aggregate the projects without regard to size and more than 28 months...
Persistent link: https://www.econbiz.de/10010890095
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Product and Labor Market Regulations, Production Prices, Wages and Productivity
MAIRESSE, Jacques; Cette, Gilbert; Lopez, Jimmy - National Bureau of Economic Research (NBER) - 2014
basis of their calibration by the OECD product and labour market anti-competitive regulation indicators suggests that nearly …
Persistent link: https://www.econbiz.de/10010950712
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Law and Employment: Lessons from Latin America and the Caribbean
Heckman, James; Pages, Carmen - National Bureau of Economic Research (NBER) - 2003
of regulation in Latin America and OECD Europe and discusses the origin of regulation. It shows the fragility of time … series data analyses of the sort widely used to analyze the impact of regulation in OECD Europe and the benefits of using … microdata data. The evidence shows that regulation reduces labor market flexibility, reduces the employment of marginal workers …
Persistent link: https://www.econbiz.de/10005085417
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Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing
Davis, Lucas W.; Muehlegger, Erich - National Bureau of Economic Research (NBER) - 2010
This paper measures the extent to which prices exceed marginal costs in the U.S. natural gas distribution market during the period 1991-2007. We find large departures from marginal cost pricing in all 50 states, with residential and commercial customers facing average markups of over 40%. Based...
Persistent link: https://www.econbiz.de/10008628445
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Rational Discounting for Regulatory Analysis
Viscusi, W Kip - National Bureau of Economic Research (NBER) - 2006
. However, examination of two policies with intergenerational effects, stratospheric ozone regulation and nuclear waste storage …
Persistent link: https://www.econbiz.de/10005829821
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The Energy-Policy Efficiency Gap: Was There Ever Support for Gasoline Taxes?
Knittel, Christopher R. - National Bureau of Economic Research (NBER) - 2013
From 1864 to 1972, the real price of oil fell by, on average, over one percent per year. This trend dramatically broke when prices for crude increased by over 650 percent from 1972 to 1980. Policy makers adopted several policies designed to keep oil prices in check and reduce consumption....
Persistent link: https://www.econbiz.de/10010652312
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Pain at the Pump: The Differential Effect of Gasoline Prices on New and Used Automobile Markets
Knittel, Christopher R.; Busse, Meghan R.; Zettelmeyer, … - National Bureau of Economic Research (NBER) - 2009
The dramatic increase in gasoline prices from close to $1 in 1999 to $4 at their peak in 2008 made it much more expensive for consumers to operate an automobile. In this paper we investigate whether consumers have adjusted to gasoline price changes by altering what automobiles they purchase and...
Persistent link: https://www.econbiz.de/10008624602