This paper assesses the relative efficiency of knowledge production in the OECD using a nonparametric DEA approach …). The empirical evidence supports the hypothesis that barriers to entry, aimed at reducing competition, lower research …

This paper assesses the relative efficiency of knowledge production in the OECD using a nonparametric DEA approach …). The empirical evidence supports the hypothesis that barriers to entry, aimed at reducing competition, lower research …

Data Envelopment Analysis (DEA) based cost norms have attractive properties in the regulation of natural monopolies … that the regulation will induce socially optimal output levels. In this paper, we analytically and numerically examine the … that the eight-year catch-up period allowed in this regulation gives strong incentives to reduce costs since the firms can …

applied in incentive regulation practice, where the assessment of efficiency plays a major role in regulation design and … estimation of individual efficiencies for regulation purposes and beyond. …

-specific variables. Data on regulation, supervision and monitoring variables, and activity restrictions are from the most recent Bank … Regulation and Supervision Survey database conducted by the World Bank, published 2012. Besides these we incorporate bank size … evidence suggests that the link between capital regulation and banking efficiency is not robust enough to control for other …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

This paper studies theoretically and empirically competition in commodity taxation and product market regulation … taxes finance public goods, and product market regulation affects both the number of firms in the market and product … commodity taxation and product market regulation are interdependent policies. We find absence of strategic interaction in …

-level data for a broader set of countries, together with a set of indicators of regulation and institutional settings in product …

country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …