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Regulatory Costs of Being Public : Evidence from Bunching Estimation
Ewens, Michael; Xiao, Kairong; Xu, Ting - National Bureau of Economic Research - 2021
. Consistent with firms seeking to avoid costly regulation, we document significant bunching around multiple regulatory thresholds …
Persistent link: https://www.econbiz.de/10012616591
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Data Driven Regulation : Theory and Application to Missing Bids
Chassang, Sylvain - 2019
-driven regulation based on "safe tests," i.e. tests that are passed with probability one by competitive bidders, but need not be passed …
Persistent link: https://www.econbiz.de/10012479605
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An Activity-Generating Theory of Regulation
Schwartzstein, Joshua - 2009
We propose an activity-generating theory of regulation. When courts make errors, tort litigation becomes unpredictable … risk, this type of regulation can raise welfare …
Persistent link: https://www.econbiz.de/10012463895
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Regulating Misinformation
Glaeser, Edward L. - 2006
The government has responded to misleading advertising by banning it, engaging in counter-advertising and taxing the product. In this paper, we consider the social welfare effects of those different responses to misinformation. While misinformation lowers consumer surplus, its effect on social...
Persistent link: https://www.econbiz.de/10012465878
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Optimal Regulation with Exemptions
Kaplow, Louis - 2017
basic and ubiquitous features of regulation as actually implemented throughout the world has received little theoretical … because exemption induces additional harmful activity to be channeled their way. This article analyzes optimal regulation with … regulation, which illustrates the contrast with the mechanism design approach that analyzes the optimal use of instruments of a …
Persistent link: https://www.econbiz.de/10012453826
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Regulation of Charlatans in High-Skill Professions
Berk, Jonathan B. - 2017
disclosure requirements that exist in these markets. We show that reducing the number of charlatans through regulation decreases … regulation, implying that the regulation we observe in these markets likely derives from producer interests. Using these insights …
Persistent link: https://www.econbiz.de/10012454986
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Secrecy Rules and Exploratory Investment : Theory and Evidence from the Shale Boom
Covert, Thomas R.; Sweeney, Richard L. - National Bureau of Economic Research - 2022
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information externalities. In a two-firm, two-period model, we characterize equilibrium behavior under policies which disclose whether investment returns exceed a predefined level. These...
Persistent link: https://www.econbiz.de/10013435110
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Happiness, Behavioral Economics, and Public Policy
Levinson, Arik - 2013
The economics of "happiness" shares a feature with behavioral economics that raises questions about its usefulness in public policy analysis. What happiness economists call "habituation" refers to the fact that people's reported well-being reverts to a base level, even after major life events...
Persistent link: https://www.econbiz.de/10012459332
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From Happiness Data to Economic Conclusions
Benjamin, Daniel J.; Cooper, Kristen B; Heffetz, Ori; … - National Bureau of Economic Research - 2023
Happiness data--survey respondents' self-reported well-being (SWB)--have become increasingly common in economics research, with recent calls to use them in policymaking. Researchers have used SWB data in novel ways, for example to learn about welfare or preferences when choice data are...
Persistent link: https://www.econbiz.de/10014372484
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Obstacles to Optimal Policy : The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms
Kroszner, Randall S. - 2000
regulation system during the last two decades, the 1991 Federal Deposit Insurance Corporation Improvement Act (FDICIA). We …
Persistent link: https://www.econbiz.de/10012471187