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Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics
Acemoglu, Daron - 2002
Do societies choose inefficient policies and institutions, in contrast to what would be suggested by a reasoning extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the beliefs and ideologies of their peoples or leaders? Or...
Persistent link: https://www.econbiz.de/10012469326
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The Euro and Structural Reforms
Alesina, Alberto - 2008
, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the …
Persistent link: https://www.econbiz.de/10012464168
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Democracy and Development : The Devil in the Details
Persson, Torsten - 2006
Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends -- in a subtle way -- on the details of democratic...
Persistent link: https://www.econbiz.de/10012466677
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What Have Two Decades of British Economic Reform Delivered?
Card, David - 2002
Beginning in 1979 with the newly electted Thatcher Government and continuing under successive Conservative and Labour Governments, the United Kingdom has embarked on a two-decade-long experiment in economic reform. We present evidence that the reform process has succeeded in making the UK more...
Persistent link: https://www.econbiz.de/10012469914
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Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power
Davis, Lucas W. - 2011
markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 … percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At …
Persistent link: https://www.econbiz.de/10012461317
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The Structure and Conduct of Corporate Lobbying : How Firms Lobby the Federal Communications Commission
de Figueiredo, John M. - 2000
lobbying (internal organization vs. trade association) by firms in administrative agencies. It explores the power and limitations of the collective action theories and transaction cost theories in explaining lobbying. It introduces a dataset of over 900 lobbying contacts cover 101 issues at the...
Persistent link: https://www.econbiz.de/10012471024
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Discriminating Among Alternative Theories of the Multinational Enterprise
Markusen, James R. - 1999
trade. One simple taxonomy separates the theory into vertical' models in which firms geographically separate activities by …
Persistent link: https://www.econbiz.de/10012471623
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Frictions in Product Markets
Gavazza, Alessandro; Lizzeri, Alessandro - National Bureau of Economic Research - 2021
This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on markets with frictions, such as transaction costs, asymmetric information, search and matching frictions. We discuss how such frictions affect allocations, favor the emergence of...
Persistent link: https://www.econbiz.de/10012629479
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Moving and Housing Expenditure : Transaction Costs and Disequilibrium
Venti, Steven F. - 1982
The paper emphasizes initially the effects of moving transaction costs on the potential effect of government rent subsidy programs. As a concomitant to this analysis, the paper reaffirms the low income elasticities of housing expenditure among low-income renters found by others. Moving...
Persistent link: https://www.econbiz.de/10012478093
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A Monetary Equilibrium Model with Transactions Costs
Rotemberg, Julio J. - 1982
This paper presents the competitive equilibrium of an economy in which people hold money for transactions purposes. It studies both the steady states which result from different rates of monetary expansion and the effects of such non-steady state events as an open market operation. Even though...
Persistent link: https://www.econbiz.de/10012478127