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Internet of Things (IoT) applications. However, such applications require new regulation and business models to incentivize …
Persistent link: https://www.econbiz.de/10012153762
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...
Persistent link: https://www.econbiz.de/10013337733
, price regulation should be accompanied by licensing arrangements that cap the number of experts in the market. Our theory … provide higher quality services to all consumers. The externality renders the market outcome inefficient. Price regulation … provides a novel rationale for the wide-spread use of price regulation and licensing in real-world markets for expert services. …
Persistent link: https://www.econbiz.de/10012431181
Why do people appear to forgo information by sorting into “echo chambers”? We construct a highly tractable multi-sender, multi-receiver cheap talk game in which players choose with whom to communicate. We show that segregation into small, homogeneous groups can improve everybody’s...
Persistent link: https://www.econbiz.de/10012265620
to underestimate the full costs of restrictive land use regulation since compliance costs would be under estimated. One …
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