) for hedging purposes. Regulation is found to induce the risk-neutral bank to behave in a more risk-sensitive way: Compared … to a situation without regulation the optimal volume of loans decreases more as the riskiness of loans increases. CDS … trading is found to interact with the former effect when regulation accepts CDS as an instrument to mitigate credit risk …

In what ways can changes to the structure of regulation (as well as other regulatory reforms) mitigate the effects of …

smoking appear to be central to the problem. The model allows us to examine the appropriate form of optimal regulation and to …

regulation, vertical integration and legal unbundling regimes provide highest investment incentives and lead to highest welfare … entrant since this would worsen double marginalisation. When the network operator is subject to a break-even regulation, the …

the co-evolution of sectoral regulation and technological innovation in the detergents industry in Europe. We view as … regulation an endogenously created institution that evolves over time and in alignment with other socioeconomic factors, among … which we focus on technological change. We argue that the innovation and regulation processes are evolutionary processes …

We examine the optimal regulation of agricultural markets when farmers have organized their activity in a cooperative …

conditioned on countries' institutional features and the type of regulation. Some evidence is also found for firms' environmental …