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and gas. The Paper argues that there is unfinished business in the areas of regulation, restructuring, encouraging proper … risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition …
Persistent link: https://www.econbiz.de/10005661538
if the permissible types of contracts are limited by regulation resembling the separation of investment and commercial …
Persistent link: https://www.econbiz.de/10005661861
This paper investigates how enforcement of labour regulation affects the firm's use of informal labour, firm size and … level, and administrative data on enforcement of regulation at the city level, we show that in areas where law enforcement …
Persistent link: https://www.econbiz.de/10005661940
Innovative activities often are heavily regulated. Reviews conducted by administrative agencies take time and are not perfectly accurate. Of particular concern is whether, by design or not, such agencies discriminate against more important innovations by taking more time to perform their...
Persistent link: https://www.econbiz.de/10005661945
Governments that levy predatory regulation and provide few weak legal institutions draw businesses into the unofficial …, we find that retail shops face very high levels of predatory regulation and have frequent contacts with private … protection rackets. In addition, we show that higher levels of regulation are associated with weaker legal institutions and a …
Persistent link: https://www.econbiz.de/10005661996
Taxicabs are an important part of the urban transportation system, and in most communities are heavily regulated. In the past 25 years many cities have deregulated taxi markets. A substantial literature has emerged examining the merits of deregulation. Here we provide a tour of the main points...
Persistent link: https://www.econbiz.de/10008484424
Despite the wide reach of medical licensing in health care production through its impact on the nature and cost of care, it has been all but ignored in debates over health care reform. This paper pulls together statements made by economists whose expertise is in the area of health economics or,...
Persistent link: https://www.econbiz.de/10008484432
Despite serving as the principal basis of U.S. climate policy over the past two decades, corporate voluntary environmental programs have been subject to quite limited evaluation. The self-selection of participants—an essential element of such initiatives—poses particular challenges to...
Persistent link: https://www.econbiz.de/10008485548
In a letter to senators in the Philadelphia Fed District, President Charles I. Plosser stressed that financial reform should avoid changes that would impede the Fed's ability to meet its congressionally mandated objectives.
Persistent link: https://www.econbiz.de/10008486845
In remarks at a meeting of the Joint Economic Committee, President Charles I. Plosser discussed the importance of implementing regulatory changes that would help to avert financial crises in the future.
Persistent link: https://www.econbiz.de/10008486846