all, in a sense to be made precise. -- Asymmetric Information ; Learning by Doing ; Regulation …

regulation measures -- disclosure and fines for unsuitable advice -- reduce commission payments and improve advice. None of the … regulation measures result in lower commissions and more suitable advice, however, and advice is equally biased in all treatments …

Based on the modern theory of regulation, the analysis aims to characterize the effective economic regulation of the … French railway industry. The methodology consists in econometrically testing various scenarios of regulation and determining … operator (RO), SNCF, the two behavioral hypotheses of reference which we consider –absence of regulation of the rail operator …

Based on the modern theory of regulation, the analysis aims to characterize the effective economic regulation of the … French railway industry. The methodology consists in econometrically testing various scenarios of regulation and determining … operator (RO), SNCF, the two behavioral hypotheses of reference which we consider –absence of regulation of the rail operator …

economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … transaction-cost-political approaches. There has been some progress in recent years in developing such a "new economic theory of … federalism". Basic ideas and some insights of this theory are discussed with regard to the appropriate "federal" allocation of …

all, in a sense to be made precise. -- Asymmetric Information ; Learning by Doing ; Regulation …

I compare certification and self-regulation, two widely used quality assurance mechanisms in markets where consumers do … certification fee. Self-regulation is a mechanism in which a club of firms in the industry adhere (or not) to a self-imposed code of …

-functioning marketplaces depend on the vibrant flow of accurate reputational information, and how misdirected regulation of reputational … information could harm marketplace mechanisms. It then explores some challenges created by the existing regulation of reputational …