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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
The past two and a half years have been challenging ones for the Federal Reserve. It is time now to look back--to see what we have learned--and to look forward to reshaping the policy environment, with an eye toward lessening the odds of future financial crises.
Persistent link: https://www.econbiz.de/10008486849
respective legislatures. Governments may also use regulation to set fees, for example, to recover the cost of services they … provide, but cannot use regulation to impose taxes that raise general revenue. Doing so would be unconstitutional. Governments …
Persistent link: https://www.econbiz.de/10008486862
The Productivity Commission’s inquiry report into ‘Review of Price Regulation of Airport Services’ was tabled in …
Persistent link: https://www.econbiz.de/10008487607