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Policy Challenges of the Heterogeneity of the Value of Statistical Life

Viscusi, W. Kip - In: Foundations and Trends(R) in Microeconomics 6 (2011) 2, pp. 99-172

Economic research has developed estimates of the heterogeneity of the value of statistical life (VSL) on dimensions such as individual age, income, immigrant status, and the nature of the risk exposure. This paper examines the empirical evidence on the heterogeneity of VSL and explores the...

Persistent link: https://www.econbiz.de/10010693742

Economic Freedom, Economic Growth & Governments Tax Revenue in (MENA)

Sameti, Morteza; Shahchera, Mahshid - In: Iranian Economic Review 11 (2006) 3, pp. 67-86

Economic freedom includes personal choice, voluntary exchange, freedom to compete, and protection of person and property. Institutions and policies are consistent with economic freedom when they provide infrastructures for voluntary exchange, and protect individuals and their property. Legal and...

Persistent link: https://www.econbiz.de/10010695807

Tax havens or tax hells? A discussion of the historical roots and present consequences of tax havens

Raposo, Ana Margarida; Mourao, Paulo Reis - In: Financial Theory and Practice 37 (2013) 3, pp. 311-360

Tax havens are not recent phenomena. However, in contrast to historical precedents, tax havens in the age of mobile capital allow for non-consensual transfers and are not profitable for every citizen. We discuss the four main groups of tax havens (former Western possessions, sovereign nations,...

Persistent link: https://www.econbiz.de/10010696220

Duopolists in Output and Permit Markets: Interaction and Regulation

Lappi, Pauli - In: Strategic Behavior and the Environment 2 (2012) 3, pp. 279-293

This paper studies the interaction between and the regulation of duopolists in imperfect permit and output markets. The …-best regulation is characterized. It is shown that subsidies for permit buying and taxes for permit selling can be used as instruments …

Persistent link: https://www.econbiz.de/10010696366

An Evaluation of Government Efforts to Improve Regulatory Decision Making

Hahn, Robert W. - In: International Review of Environmental and Resource Economics 3 (2010) 4, pp. 245-298

In response to the increasing impact of laws and regulations, several governments have introduced economic analysis as a way of improving regulatory decision making. This paper provides the first comprehensive assessment of government-supported economic analysis of laws and regulations. It also...

Persistent link: https://www.econbiz.de/10010696422

Portfolio selection of a closed-end mutual fund

Li, Yan; Yu, Baimin - In: Computational Statistics 75 (2012) 3, pp. 245-272

A well-known regulation on the management of a closed-end mutual fund is that the managers’ account cannot invest in … risky assets. This paper studies the impact of this regulation under a given management fee structure such that the …’s welfare is approximately the same whether the regulation exists or not. In the expected utility maximization framework, we …

Persistent link: https://www.econbiz.de/10010759508

Capital account regulation in Iceland: does anybody know what is going to happen?

Carmona, Pablo Aguirre - In: Journal of Post Keynesian Economics 36 (2014) 3, pp. 491-512

This article analyzes the capital account regulation (CAR) applied in Iceland after the banking crash of October 2008 … group of countries that have historically resorted to CAR. Our main conclusions are that capital account regulation has been …

Persistent link: https://www.econbiz.de/10010759881

Identifying Industry Margins with Unobserved Price Constraints: Structural Estimation on Pharmaceuticals

Dubois, Pierre; Lasio, Laura - Toulouse School of Economics (TSE) - 2014

freely chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of … whether regulation in France truly affects margins and prices and relate regulatory reforms to industry pricing equilibrium …. Counterfactual simulations show that total spending significantly increased because of the new price regulation by displacing part of …

Persistent link: https://www.econbiz.de/10010760344

Rethinking Remuneration Laws for the Financial Sector

Shlomo, Jonathan Ben; Nguyen, Tristan - In: Credit and Capital Markets 46 (2013) 3, pp. 389-414

regulation. With the entrenchment of the Directives for the European Union in December 2010 and the implementation into national … regulation should ensure remuneration policies and structures to be aligned with an effective risk management. The financial …

Persistent link: https://www.econbiz.de/10010761618

Financial policy of prevention and liquidation of consequences of global economic instability: foreign experience

Petrushevska Viktoriia V. - In: The Problems of Economy (2014) 1, pp. 31-36

The article considers main measures of the financial policy realised in the countries of the world, in particular, Europe, USA, China and Japan, directed at prevention and liquidation of consequences of crisis phenomena of the world economy. It considers programmes of support of economy and...

Persistent link: https://www.econbiz.de/10010761677