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Persistent link: https://www.econbiz.de/10010355097
depend on sound infrastructure and well-calibrated regulation. The humble wooden utility pole, first deployed in America in … risks Joint Pole Committees (JPCs) pose for energy and communications safety, service, competition, and regulation. This …, competition, and accountable governance at the forefront of utility regulation. This article lifts the veil over JPC practices …
Persistent link: https://www.econbiz.de/10014254996
benefits of price-cap regulation are not necessarily undermined with the change in the capital structures of the firms. Also …, incentive-based regulation is not necessarily incompatible with high levels of debt. Finally, it is shown that there is still a …
Persistent link: https://www.econbiz.de/10013155687
regulation by setting their own private food quality standards in order to choose the type of standards that minimises their …
Persistent link: https://www.econbiz.de/10013147903
The aim of this paper is two-fold: (a) to establish a ‘map’ for describing the wide class of Limited Dependent Variables (LDV) univariate and multivariate models in the econometric literature and (b) to localize typical models in this tradition within the structure, extending typologies of...
Persistent link: https://www.econbiz.de/10009154852
In many recent empirical studies of the Federal Open Market Committee's (FOMC's) interest rate rule, the parameters of the rule are allowed to change over time. However, within this literature, there is no consensus about the nature of the parameter change. Some authors, such as Sims and Zha...
Persistent link: https://www.econbiz.de/10012864831
We provide a framework for the estimation of the impact of fertility timing on female long-term labor supply, measured as labor market work duration. We show that the genuine treatment is waiting time to birth rather than birth per se. In the application we control for the joint decision of...
Persistent link: https://www.econbiz.de/10011719067
Persistent link: https://www.econbiz.de/10014235542
This article addresses unit root testing on regulated series through the variance ratio (VR) statistic of Nielsen (2009). The asymptotic distribution of the regulated VR statistic is developed with and without OLS detrending. Results of Cavaliere and Xu (2011) are extended by also developing the...
Persistent link: https://www.econbiz.de/10013066223
We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …
Persistent link: https://www.econbiz.de/10011700470