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equilibrate in the public interest when that interest is not well-defined. The market for regulation is incomplete; while there is … a limitless demand for regulation the supply of regulation is constrained. The response to market incompleteness has … been threefold; deregulation, self-regulation and whistleblowing. Whistleblowing, in particular, has conferred many …
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This article proposes a rule of contractual interpretation for regulatory contracts defined as contracts 1) used by a large number of market participants, 2) subject to limitations on deviation, and 3) designed with market problems (such as negative externalities) in addition to transactional...
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We examine the extent to which regulations of entry and credit access are related to competition using data on 28 manufacturing sectors across 64 countries. A robust finding is that bureaucratic and costly entry regulations tend to hamper competition, as proxied by the price-cost margin, in the...
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attractive financial services offerings will benefit from having better global financial services regulation. The UK financial …
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An addition to the 'International Papers in Political Economy Series', this edited work offers new developments in economic policy and theory. The experiences of privatisation and private finance initiatives are looked at in detail
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