We study the effects of various environmental regulations on environmental performance measured as emission intensity. Moreover, we aim to test whether any such effects are persistent or only temporary. Conventional theory predicts that indirect regulations as opposed to direct regulations...

We study the effects of various environmental regulations on environmental performance measured as emission intensity. Moreover, we aim to test whether any such effects are persistent or only temporary. Conventional theory predicts that indirect regulations as opposed to direct regulations...

Africa is becoming more and more attractive for trade and investment, while entrepreneurs are concerned about the quality of the business environment. This paper aims to analyze the Africa's business environment and its dimensions in order to identify the most favorable destinations for starting...

In the EU of today, economic policies, competition policy and regulation are expected to be 'evidence-based'. Since the late 1990s, this has also become possible for 'regulation'. The purpose of the present paper is to discuss critically the most prominent empirical approach to the measurement...

The increasing complexity of large financial firms has led to consideration of alternative regulatory structures. This has intensified recently because of the worldwide turmoil in financial markets. One important consideration has been to increase reliance on market discipline—most notably,...

This Paper analyses the importance of regulatory reform for the creation of an effective legal and regulatory system in Western Balkan countries. The authors explore the progress achieved in this reform area, arguing that regulatory reform was mostly partial, focused on specific sectors and...

Underpricing of IPOs in Thailand significantly drops following the country's major governance reform, indicating less price-protection by investors. The lower price-protection is associated with fewer instances of absolute control retention by pre-issue insiders during the post-reform period,...

Measuring productive efficiency provides information on the likely effects of regulatory reform. We present a Data Envelopment Analysis (DEA) of a sample of 38 vehicle inspection units under a concession regime with a homogeneous level of quality, which is enforced by a regional regulator,...

Increasingly popular tailored regulation (TR) initiatives like EPA's Project XL allow plants to voluntarily substitute site-specific environmental performance standards for command-and-control regulations that dictate pollution abatement strategies. TR can significantly reduce participants'...

Hybrid governance structures between markets and hierarchies in many industries, e.g., in energy and telecommunications, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New Institutional Economics (NIE) for analyzing the...