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Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency
Rose, Nancy Lin; Markiewicz, Kira; Wolfram, Catherine - National Bureau of Economic Research (NBER) - 2004
costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …
Persistent link: https://www.econbiz.de/10005078626
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Hong Kong's Business Regulation in Transition
Wu, Changqi; Cheng, Leonard K. - National Bureau of Economic Research (NBER) - 1997
. 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/10005830439
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Antitrust and Regulation
Carlton, Dennis W.; Picker, Randal C. - National Bureau of Economic Research (NBER) - 2007
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have … operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …
Persistent link: https://www.econbiz.de/10005774722
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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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Wage Effects of Unionization and Occupational Licensing Coverage in the United States
Gittleman, Maury; Kleiner, Morris M. - National Bureau of Economic Research (NBER) - 2013
Recent estimates in standard models of wage determination for both unionization and occupational licensing have shown wage effects that are similar across the two institutions. These cross-sectional estimates use specialized data sets, with small sample sizes, for the period 2006 through 2008....
Persistent link: https://www.econbiz.de/10010821983
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - National Bureau of Economic Research (NBER) - 2014
following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …
Persistent link: https://www.econbiz.de/10011123620
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An Institutional Theory of Public Contracts: Regulatory Implications
spiller, pablo t. - National Bureau of Economic Research (NBER) - 2008
The fundamental feature of private contracting is its relational nature. When faced with unforeseen or unexpected circumstances, private parties, as long as the relation remains worthwhile, adjust their required performance without the need for costly renegotiation or formal recontracting....
Persistent link: https://www.econbiz.de/10005714643
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Can Health Insurance Competition Work? Evidence from Medicare Advantage
Levin, Jonathan; Curto, Vilsa; Einav, Liran; … - National Bureau of Economic Research (NBER) - 2014
We estimate the economic surplus created by Medicare Advantage under its reformed competitive bidding rules. We use data on the universe of Medicare beneficiaries, and develop a model of plan bidding that accounts for both market power and risk selection. We find that private plans have costs...
Persistent link: https://www.econbiz.de/10011114863
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Testing Limits to Policy Reversal: Evidence from Indian Privatizations
Dastidar, Siddhartha G.; Fisman, Raymond; Khanna, Tarun - National Bureau of Economic Research (NBER) - 2007
We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP was unexpectedly defeated by a less reformist coalition. Stock prices of government-controlled companies that had been slated for definite privatization by the BJP dropped by 3.5...
Persistent link: https://www.econbiz.de/10005830631
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Profiting from Government Stakes in a Command Economy: Evidence from Chinese Asset Sales
Calomiris, Charles W.; Fisman, Raymond; Wang, Yongxiang - National Bureau of Economic Research (NBER) - 2008
We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In contrast to the "privatization premium" found in earlier work, we find a negative effect of government ownership on returns at the announcement date and a symmetric positive...
Persistent link: https://www.econbiz.de/10005774582