analyses, which were based on simplifying assumptions. We show that a combined merchant-regulatory regulation, which draws on a … out to be relatively large compared to extension costs. -- Electricity ; Regulation ; Transmission Expansion ; Wind Power …

In this paper we examine the quantitative effects of margin regulation on volatility in asset markets. We consider a … presence of collateral constraints leads to strong excess volatility. Thus, a regulation of margin requirements may have … stabilizing effects. However, in line with the empirical evidence on margin regulation in U.S. stock markets, we show that changes …

, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …

Insurance regulation is typically aimed at policyholder protection. In particular, regulators attempt to ensure the … financial "safety" of insurance firms, for example, by means of capital regulation, and to enhance the "affordability" of …-risk-sensitive insurance demand, capital-related frictional costs, and imperfect risk transparency for policyholders. -- Insurance Regulation …