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President Donald Trump and members of his Administration repeatedly asserted that they had delivered substantial deregulation that fueled positive trends in the U.S. economy prior to the COVID pandemic. Drawing on an original analysis of data on federal regulation from across the Trump...
Persistent link: https://www.econbiz.de/10013244662
We document empirical support for a key micro-level channel --- innovation by young, private firms --- through which financial sector deregulation affects economic growth. We find that intrastate banking deregulation, which increased the local market power of banks, decreased the level and risk...
Persistent link: https://www.econbiz.de/10013035909
We study competition in the German interurban bus industry two years after its liberalization in January 2013. In … of market power by incumbents – and derive several recommendations to secure effective competition in the industry. …
Persistent link: https://www.econbiz.de/10011316405
We provide an empirical assessment of the German interurban bus industry two years after its deregulation in January 2013. In addition to a general description of key developments of the industry, we use a unique route-level price data set to study both competitive interaction in general and the...
Persistent link: https://www.econbiz.de/10011316417
monopoly basis, competition does play a key role on routes with a sufficiently large base of (potential) customers. From a … 24 years old and the presence of intermodal competition by intercity railway services. …
Persistent link: https://www.econbiz.de/10011739013
sector regulators in network industries and the powers of the Competition Authority can still be enhanced, as the reform …
Persistent link: https://www.econbiz.de/10010375394
12 countries between 1998 and 2012, this paper first estimates the effect of competition policy on innovation. We find …
Persistent link: https://www.econbiz.de/10012849695
The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas,...
Persistent link: https://www.econbiz.de/10012977853
competition policy or on antitrust activity. This paper analyzes the case of Spain in the period from 1993 to 2005. An increase in …
Persistent link: https://www.econbiz.de/10014186960
opening up markets to more competition has not yet resulted in either expected levels of competitiveness or in envisaged … context of market failures related to incoherent regulation and ineffective competition law enforcement and shows how poor … to the intersection between consumer protection and competition law. The discussion incorporates theoretical insights …
Persistent link: https://www.econbiz.de/10014214386