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It is well recognized by economists that long-term contracting under an array of price and non-price provisions may be an efficient response to small-numbers bargaining problems. Empirical work to distinguish such issues from predictions of models of market power and bargaining has been sparse,...
Persistent link: https://www.econbiz.de/10012475525
In recent years, cases in which state governments chose to override federal environmental regulation with tighter … paper argues that this change arose at least in part because of a shift in the type of regulation used at the federal level …, from command-and-control regulation toward more incentive-based regulation. Under an incentive-based federal regulation, a …
Persistent link: https://www.econbiz.de/10012462473
results suggest reformed incentives for third-party auditors can improve their reporting and make regulation more effective …
Persistent link: https://www.econbiz.de/10012459403
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this …
Persistent link: https://www.econbiz.de/10012459807
incentives and limits of hard information verifiability. Using unique data where loans are based on hard information, and loan …
Persistent link: https://www.econbiz.de/10012459610
"Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a …
Persistent link: https://www.econbiz.de/10010523101
EU countries closely regulate pharmaceutical prices whereas the U.S. does not. This paper shows how price constraints affect the profitability, stock returns, and R&D spending of EU and U.S. firms. Compared to EU firms, U.S. firms are more profitable, earn higher stock returns, and spend more on...
Persistent link: https://www.econbiz.de/10012465985
Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a …
Persistent link: https://www.econbiz.de/10012468313
There has been a widespread displacement of coal by natural gas as space heating and cooking technology in Turkey in the last two decades, triggered by the deployment of natural gas networks. In this paper, we examine the impact of this development on mortality among adults and the elderly. Our...
Persistent link: https://www.econbiz.de/10012456157
Residential natural gas customers in the United States face volumetric charges for natural gas that average about 30% more than marginal cost. The large markup on natural gas - which is used to cover the fixed infrastructure and operating costs of the local distribution companies - is widely...
Persistent link: https://www.econbiz.de/10012462003