state governors exercise considerable influence over legislation and considerable discretion over regulation and permitting …

The welfare cost of imperfect competition in the product and labor market as well as distortionary taxation is … quantified in a dynamic general equilibrium model parameterized to fit the U.S. economy. We find that the welfare cost of … imperfect competition in the product market is 35.74 percent while it is 0.66 percent in the labor market, taking the transition …

presence of choice frictions. Friction-reducing policies can increase welfare by facilitating better matches between consumers … and plans, but can decrease welfare by increasing the correlation between willingness-to-pay and costs, exacerbating … protection and (iii) choice frictions that determine whether friction-reducing policies will be on net welfare increasing or …

– more heavily in the EU than in the US – by the interaction between regulation and antitrust, and to such matter we devote …

accidents and explosions. Following each calamity, regulation takes the blame. The regulatory system is too slow or too lax. Or … system today – but in truth, regulation is far less clearly to blame for the nation's problems than most of us think. In this … regulation, as politicians and the public inevitably seek something to blame when calamities occur. Yet regulation manages risk …

Financial regulation is a much debated topic for some time. The history of financial instruments started at a time when …. Financial derivatives are a sub species of financial instruments No internationally accepted principles for regulation of … judiciary regarding the regulation of financial instruments in general and financial derivatives in particular. The US, UK and …