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's Regulation NMS. The theory behind Regulation NMS is that a system of dispersed markets operating pursuant to SEC … that Regulation NMS has failed in that quest. It has produced fragmented markets and created questionable incentives for … customers' interests, and forces the SEC to act as a price regulator.The paper contends that the SEC should replace Regulation …
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This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clark-Groves mechanism, characterize the optimal mechanism that maximizes the weighted...
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control regulations; Part III: Compliance with regulations; and Part IV: Market issues and regulation. It will appeal to …
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worker (age, sex, education and type of contract) in 12 European and North-American countries. The effects of regulation on … these wage premia are estimated by panel data regression techniques. We find that product market regulation restricting …
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Turkey's business sector has achieved high growth over the past few years and - on average - has coped well with increased competition. However, some labour-intensive sectors lost competitiveness prior to the currency depreciation in mid-2006 and faced employment losses, raising political...
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