We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward …, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three a liated stores. This … characteristics of expanding firms before and after the reform. We find a sharp immediate increase in entry rates, which continues to …

We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward …, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affiliated stores … characteristics of expanding firms before and after the reform. We find a sharp immediate increase in entry rates, which continues to …

We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical … reform. We find a sharp persistent increase in entry rates for expanding firms. These firms can double revenues but not … employment in the local markets, which increased by 40%, can be attributed to the deregulation. …

We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward …, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affliated stores … characteristics of expanding firms before and after the reform. We find a sharp immediate increase in entry rates, which continues to …

We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical … reform. We find a sharp persistent increase in entry rates for expanding firms. These firms can double revenues but not … employment in the local markets, which increased by 40%, can be attributed to the deregulation. …

We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward …, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three a liated stores. This … characteristics of expanding firms before and after the reform. We find a sharp immediate increase in entry rates, which continues to …

We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward …, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affiliated stores … characteristics of expanding firms before and after the reform. We find a sharp immediate increase in entry rates, which continues to …

that important policy goals are addressed, and market failures tackled. However, regulation can also create barriers to the … entry and expansion of firms that may limit and distort competition and hinder the efficient allocation of resources … address the policy objectives and the market failure(s) regulation is intended to solve. This paper relies on the last vintage …

Appropriately designed Product Market Regulation (PMR) is essential to enhance productivity, boost economic growth and … increase welfare. Regulation is needed to address market failures and guarantee the health and safety of consumers. However, by … limiting the entry and expansion of firms, a too stringent regulatory environment can hinder an efficient allocation of …