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competition. Three models are considered: Taxation and Redistribution, Public Goods, and Fixed Prices. In each case, the value …
Persistent link: https://www.econbiz.de/10014024487
Regulatory arbitrage — defined as the manipulation of regulatory treatment for the purpose of reducing regulatory costs or increasing statutory earnings — is often seen in heavily-regulated industries. An increase in the regulatory nature of copyright, coupled with rapid technological...
Persistent link: https://www.econbiz.de/10012899681
I compare certification and self-regulation, two widely used quality assurance mechanisms in markets where consumers do not observe the quality of goods. Certification is a mechanism in which an external firm offers a certificate to producers who undergo a testing procedure, issues the...
Persistent link: https://www.econbiz.de/10014203148
In this paper, we study gains and losses that accrue to natives because of immigration. The gain on the aggregated level is called the ?immigration surplus?, which can be seen as analogous to a consumer surplus. We derive changes in the earnings of native owners of production factors by...
Persistent link: https://www.econbiz.de/10010261625
As concerns about reform fatigue in lower- and middle-income countries have become more widespread, so has the search … for ways of boosting support for market-oriented reforms. While the effects of political institutions on reform results … for markets. We find that political accountability boosts support for markets, but that this effect declines as the reform …
Persistent link: https://www.econbiz.de/10012734538
Can autocracies and their associated institutions successfully implement economic policies that promote growth and investment? Can 'good economics' somehow offset the effects of 'bad' politics? Kazakhstan is a case where an autocratic regime has actively projected market-friendly policies and...
Persistent link: https://www.econbiz.de/10012589873
Can autocracies and their associated institutions successfully implement economic policies that promote growth and investment? Can 'good economics' somehow offset the effects of 'bad' politics? Kazakhstan is a case where an autocratic regime has actively projected market-friendly policies and...
Persistent link: https://www.econbiz.de/10012628514
This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...
Persistent link: https://www.econbiz.de/10014514254
Can autocracies and their associated institutions successfully implement economic policies that promote growth and investment? Can ‘good economics’ somehow offset the effects of ‘bad’ politics? Kazakhstan is a case where an autocratic regime has actively projected market-friendly...
Persistent link: https://www.econbiz.de/10013308387
I reexamine Hirschman's classic text Exit, Voice, and Loyalty through a game-theoretic interpretation of the relationship between exit and voice. The model, which is general and applicable to diverse environments, treats exit as a costly decision which may be prevented through an appropriate...
Persistent link: https://www.econbiz.de/10014064601