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A number of economists have supported the taxation of speculation in financial markets. We examine the welfare economics of such a tax in a model of trading in a financial market where some agents have superiror information. We show that in some cases a tax on speculators may actually increase...
Persistent link: https://www.econbiz.de/10005697763
reshuffled and because the old regulation mechanism, allowing for such cash flows, will be revised. This paper presents some … simulations is on the impact of the choice of the regulation mechanism on prices and on the municipalities' budget. Three … regulation schemes are simulated, 'rate-of-return' (ROR) regulation, 'constant profit per unit of output' (CPU) regulation and …
Persistent link: https://www.econbiz.de/10005698122
Chile, as most Latin American countries, inherited the language, religion, and the institutions from 16th century Spanish conquerors. Most institutions have not changed since. This paper examines the institutional and economic structure of the State in Chile. It concludes that in several...
Persistent link: https://www.econbiz.de/10005698286
Whether there should be transparency in political finance? Whether there should be a control over the money that the political parties are receiving?
Persistent link: https://www.econbiz.de/10005699083
PFRDA 1) Current provision of Pensions in India 2) Why review Pension Systems? 3) Governments’ Initiatives 4) New Pension System (NPS) 5) Present Status 6) Why PFRDA Bill? 7) Some clarifications 8) Recent International Experience 9) Road Ahead- issues, challenges and opportunities
Persistent link: https://www.econbiz.de/10005699132
Regulation fostering Managed Care alternatives in health insurance is spreading. This work reports on an experiment … willingness to pay. Marked preference heterogeneity is an argument against regulation imposing uniformity of contract in Swiss …
Persistent link: https://www.econbiz.de/10005700803
Persistent link: https://www.econbiz.de/10005701252
Persistent link: https://www.econbiz.de/10005701343
In this paper, we evaluate the scope of Chadwick’s claim on the superiority of competition for the market over competition in the market under incomplete information. We firstly characterize the expected outcome achieved under competition in the market at a Cournot Bayesian-Nash equilibrium....
Persistent link: https://www.econbiz.de/10005701850
Persistent link: https://www.econbiz.de/10005701858