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In 2017, President Trump signed Executive Order 13771, which required that two regulations be identified for elimination each time a new federal rule is proposed. The order also created, for the first time, a system of annual regulatory budget allocations for federal agencies. On the surface,...
Persistent link: https://www.econbiz.de/10012911017
The standard economic approach to considering the effects of a policy tends to neglect the prospect of regulatory ambiguity. I describe four sources of regulatory ambiguity and survey the literature considering the effects of ambiguity on entrepreneurial activity. I also explain how...
Persistent link: https://www.econbiz.de/10012890633
The Australian Treasury has identified a number of challenges in FinTech, especially around Initial Coin Offerings (ICOs). In this paper we examine four types of tokens within ICOs: pure utility tokens, security tokens, stored value tokens, and hybrid tokens. There is considerable confusion...
Persistent link: https://www.econbiz.de/10012891649
economic regulation with competition law and policy. This part deliberates on the peculiarities of the latter framework, such …, such as possible regulation of space tourism under air law, airline ownership and control, balance between aviation safety …
Persistent link: https://www.econbiz.de/10012892534
The capture theory of regulation concludes that regulatory agencies tend to be captured by the firms they are … regulating. This paper tests the capture theory in the recent environment of nuanced agency regulation by the administrative … state, focusing on the U.S. oil refining industry. Regulation has tended to narrow refiners' margins, which harms …
Persistent link: https://www.econbiz.de/10012896511
reduce the effectiveness of regulation itself and can have negative impact on financial stability; in fact, omitting … regulation, posing severe risks to financial stability …
Persistent link: https://www.econbiz.de/10012896529
this issue one of far-reaching importance for the future of environmental protection. Opponents of environmental regulation …
Persistent link: https://www.econbiz.de/10012899652
This paper explores how the regulatory approval process affects innovation incentives in medical technologies. Prior studies have found early mover regulatory advantages for drugs. I find the opposite for medical devices, where pioneer entrants spend 34 percent (7.2 months) longer than follow-on...
Persistent link: https://www.econbiz.de/10012935389
for either reckless action (regulation without sufficient facts) or paralysis (doing nothing). Inevitably in such a case …
Persistent link: https://www.econbiz.de/10012935597
Purpose: This paper seeks to review the effects of home regulatory institutions on outward FDI (OFDI) in the context of China and discuss the extent to which they can be extended to other emerging markets. We especially compare these empirical studies with theoretical discussions in each...
Persistent link: https://www.econbiz.de/10012937545