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The 1990s witnessed a worldwide trend toward electricity sector reforms in developed and developing economies. These reforms have generally been based on private participation, regulatory reform, and competition in the sector. This paper reviews and draws lessons from the reform experience in...
Persistent link: https://www.econbiz.de/10005272588
Market Regulation (PMR). The PMR indicators allow a comprehensive mapping of policies affecting competition in product …
Persistent link: https://www.econbiz.de/10005272620
modeled at the marketing stage. Regulation takes the form of a threshold level of purity for non-GM products, a probability of …
Persistent link: https://www.econbiz.de/10005272819
This paper provides a model of hospital competition to explain the "medical arms race", i.e. the tendency of hospitals to over-invest in specialized services. The model examines how hospitals gain an edge ("prestige effect") by adopting a larger complement of services than their rivals. In a...
Persistent link: https://www.econbiz.de/10005273040
In the early 1990s, many advocated quick privatization of state-owned monopolies in developing countries, assuming that market institutions would develop once firms were privately owned. More recent thinking emphasizes establishing institutions conducive to promoting competition before...
Persistent link: https://www.econbiz.de/10005279039
corrective taxation and to regulation. …
Persistent link: https://www.econbiz.de/10005279643
regulation. Guided by restrictive legislative mandates, regulatory policies often strike a quite different balance with an … policy efforts. Inadequate regulatory enforcement and behavioral responses to regulation may limit their effectiveness, while …
Persistent link: https://www.econbiz.de/10005279645
This paper tries to assess how the current program of European integration will affect the structure of the European retail banking industry. It is argued that trade in banking services is, and will presumably remain, limited, while there is still concern about possible trade diversion. Next, we...
Persistent link: https://www.econbiz.de/10005281299
In this paper, we investigate the design and implementation of financial regulation where market failures are created … imperfect information, should be supplemented by financial regulation. We focus on two regulatory tools: direct penalties and …-regulatory organizations have adequate incentives to implement regulation. We find that such incentives do exist when firms have sufficient …
Persistent link: https://www.econbiz.de/10005281319
Vogelsang and Finsinger’s seminal paper (Bell Journal of Economics, 1979) proposes a mechanism for price regulation …
Persistent link: https://www.econbiz.de/10005281372