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We argue that information asymmetries between regulators and firms increase the administrative decision costs of initiating new policies due to the costs of satisfying evidentiary or “burden of proof” requirements. We further contend that regulators with better information about regulated...
Persistent link: https://www.econbiz.de/10014201122
The traditionally large and sunk nature of utility investments gives rise to the possibility, if not the likelihood, of opportunistic behavior on the part of either regulators or regulated firms. In this paper, we develop a theoretical model to provide insights into this possibility, then employ...
Persistent link: https://www.econbiz.de/10014159347
This paper discusses the design and analyzes the potential benefits and costs of executive pay package policy within the US 2009 Emergency Economic Stabilization Act (EESA), commonly known "Bailout". It shows that the ultimate effect of the EESA on executive compensation is generally difficult...
Persistent link: https://www.econbiz.de/10013134122
This paper outlines the essentials of electricity market regulation in the United States and in California. It deals …
Persistent link: https://www.econbiz.de/10011474437
This study examines the extent and influence of occupational licensing in the U.S. using a specially designed national labor force survey. Specifically, we provide new ways of measuring occupational licensing and consider what types of regulatory requirements and what level of government...
Persistent link: https://www.econbiz.de/10009230732
In this paper we empirically test the simultaneity between the effects and the determinants of price regulation in the …. Because of lobbying successfulness, firms avoided regulation in those markets where it would have been more effective …. Therefore, regulation did not significantly reduce cellular tariffs in regulated markets but it would have decreased them if …
Persistent link: https://www.econbiz.de/10014074586
The United States moved closer to Net Neutrality regulation this year when the Federal Communications Commission found …
Persistent link: https://www.econbiz.de/10013095892
Baseball, America's National Pastime, provides an apt illustration of the North American model of sports and how U.S. professional sports leagues are internally governed and externally regulated by public laws. This article describes how U.S. law has influenced the development of U.S....
Persistent link: https://www.econbiz.de/10014211613
Commercial real estate accounts for roughly 20% of the U.S. fixed asset stock, and commercial land use is highly regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare. This paper develops a spatial general equilibrium...
Persistent link: https://www.econbiz.de/10014437026
In 2017, President Trump signed Executive Order 13771, which required that two regulations be identified for elimination each time a new federal rule is proposed. The order also created, for the first time, a system of annual regulatory budget allocations for federal agencies. On the surface,...
Persistent link: https://www.econbiz.de/10012911017