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Regulation is indispensable for the functioning of financial markets. After a decade of deregulation, financial … regulation has come back into the focus of political discussion. This work reviews the effectiveness of existing and need for new … regulation in two exemplary empirical studies. The first part shows that the introduction of bank bankruptcy regulation to deal …
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We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three a liated stores. This partial deregulation of multi-store prohibition reduced...
Persistent link: https://www.econbiz.de/10012548173
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affiliated stores. This partial deregulation of multi-store prohibition...
Persistent link: https://www.econbiz.de/10012533722
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...
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