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Abstract How do governments answer to the demands of their electorate for prosperity and protection from the vagaries of the market place, if governments have pledged to steer away from protective interventions in markets? This tension is what motivates this timely little book, edited by Ben...
Persistent link: https://www.econbiz.de/10014584912
Abstract This paper examines the incentive performance of liability and regulation when a potential injurer can take … regulation may not be effective if preventative care efforts are substitutes but is effective if they are complements; (4) an …
Persistent link: https://www.econbiz.de/10014585181
premium. Second, introducing regulation in insurance product characteristics leads to a lower degree of differentiation and a … lower level of sales promotion. Such regulation may then be desirable in terms of social surplus.  …
Persistent link: https://www.econbiz.de/10014585473
This paper examines the history of market development and regulation in the insurance markets of seven Least Developed … insurance business has begun to re-emerge. Findings from the investigation of insurance regulation and supervision show that all … compulsory cession to government insurer or its designee. They also lack clear exit (insolvency) regulation and policyholder …
Persistent link: https://www.econbiz.de/10014585485
Using panel data for a cross-section of countries, several previous studies estimate the effect of advertising bans on cigarette consumption. These studies suffer from three problems: (1) structural change in cigarette demand functions; (2) endogeneity of advertising bans; and (3)...
Persistent link: https://www.econbiz.de/10014587485
We analyze a model of repeated franchise bidding for natural monopoly with contestable licensing -- a franchisee holds an (exclusive) license to operate a franchise until another firm offers to pay more for it. In a world where quality is observable but not verifiable, the simple regulatory...
Persistent link: https://www.econbiz.de/10014587486
approach to the regulation of utilities. Private benefits may take various forms: excessive job security, perks, overstaffing …
Persistent link: https://www.econbiz.de/10014589052
We study a Cournot oligopoly with one low-cost (dominant) firm and one or more high-cost (subordinate) firms. If the equilibrium is interior, with all firms producing positive quantity, a reallocation of production relative to the equilibrium point, such that the dominant firm produces more,...
Persistent link: https://www.econbiz.de/10014589125
Recently, real and artificial barriers to international transactions have fallen sharply, causing a rise in the overall volume of international trade. East Asia has been particularly affected by the economic stresses and gains derived from deregulation. Deregulation and Interdependence in the...
Persistent link: https://www.econbiz.de/10014488249
Frontmatter -- Foreword -- CONTENTS -- Part One THE NEGRO IN THE RAILROAD INDUSTRY / Risher, Howard W. -- Part Two THE NEGRO IN THE AIR TRANSPORT INDUSTRY / Northrup, Herbert R. / Thieblot, Armand J. / Chernish, William N. -- Part Three THE NEGRO IN THE TRUCKING INDUSTRY / Leone, Richard D. --...
Persistent link: https://www.econbiz.de/10014489303