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ecological dumping. It turned out that harmonised policies are rarely optimal under perfect information, but some rationale for … them is granted when asymmetric information between the Commission and national governments is considered. This paper … information, it makes harmonisation a much more attractive option. Under asymmetric information, it affects the governments …
Persistent link: https://www.econbiz.de/10014172904
Studies of second-best environmental regulation of identical polluting agents have invariably ignored potentially welfare-improving asymmetric regulation by imposing equal regulatory treatment of identical firms at the outset. Yet, cost asymmetry between oligopoly firms may well give rise to...
Persistent link: https://www.econbiz.de/10014055106
The regulation of genetically modified products pursuant to statutes enacted decades prior to the advent of biotechnology has led to a system that is passive rather than proactive about risks, that has difficulty adapting to biotechnology advances, and that is highly fractured and inefficient -...
Persistent link: https://www.econbiz.de/10014079218
Offshore wind energy systems are generally regarded as variable baseload technologies and can therefore serve a crucial role in a net-zero or carbon-neutral electricity supply grid. With the spate of growing commercial and government-policy interests in offshore wind, it is important to examine...
Persistent link: https://www.econbiz.de/10014079357
Traditionally, European energy market regulation has dealt with electricity and gas from a market-oriented perspective in the effort of creating a common internal energy market to foster economic efficiency, security of supply and competitiveness. To a lesser extent, EU law also deals with oil,...
Persistent link: https://www.econbiz.de/10014104364
. Cost-based pricing is carried out under the assumption that the regulator has perfect information regarding the costs of … incentive regulation that takes into account the existence of information asymmetry between the regulator and the firm. A model …
Persistent link: https://www.econbiz.de/10009375061
The FDA has been charged by the 2010 Food Safety Modernization Act (FSMA) with improving food safety in the United States. The four large regulations analyzed in this paper do not appear able to accomplish that mission. Part of the reason for this failure is that Congress has narrowly prescribed...
Persistent link: https://www.econbiz.de/10012852130
The United States represents the world’s largest market for pharmaceutical drugs. It is also the only advanced economy in the world that does not regulate drug prices. There is no upper threshold for the prices of medicines in the United States. List prices are instead set by manufacturers in...
Persistent link: https://www.econbiz.de/10013295329
We use traffic data from around 5,000 web domains in Europe and United States to investigate the effect of the European Union’s General Data Protection Regulation (GDPR) on website visits and user behaviour. We document an overall traffic reduction of approximately 15% in the long-run and find...
Persistent link: https://www.econbiz.de/10013306290
Persistent link: https://www.econbiz.de/10012041931