a regulatory regime. The impact of regulation has tended to focus on the price and output decision rather than the …

& Immordino (2007), we study the optimal regulation of CRAs in a model where rating quality is unobservable and enforcing … regulation is costly. The model shows that minimum rating standards increase the social value of credit ratings. The model also … analyzes implications for regulation in the presence of conflicts of interest between the CRA and the rated clients by direct …

in privatisation, as well as the development of economic regulation. For the reasons outlined above, we will explore the …

. In June 1990 the Spanish government introduced a system of ceiling price regulation in order to ensure that … gasoline. However, one the ceiling price regulation was abolished, the "collaboration" between the government and the major …

essence of informality is the absence of regulation. As construction activity is subject to a wide variety of regulations …, different interpretations of informality in the construction industry are inevitable. Four aspects of regulation are highlighted …: regulation of enterprises, of the terms and conditions of employment, of the process of construction and of the product. This …

We examine the relationship between the administrative enforcement of environmental regulation, ethnic heterogeneity …

Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product …