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crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding … regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in … asymmetric information. Regulation can be welfare-improving in the presence of an externality and also in case of collateral …
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Real life applications of Yardstick Regulation frequently refer to historical cost data. While Yardstick Regulation … Yardstick Regulation was meant to overcome can occur and firms can realize positive rents because of the use of historical cost …
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We study the problem of assigning indivisible goods to individuals where each is to receive one object. To guarantee fairness in the absence of monetary compensation, we consider random assignments and analyse various equity criteria for such lotteries. In particular, we find that sd-no-envy (as...
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question, we analyze the extent of national environmental regulation when policy is determined in a lobbying game between a … government and firm. We compare the resulting equilibrium regulation levels, outputs and welfare for national and multinational …
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price reporting indeed widely benefits consumers. The regulation, however, feeds back into firms' strategies, resulting in … lower equilibrium levels of price comparison. This effect may dominate and the regulation may lead to higher expected market …
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