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Income and earning inequality has been on the rise in most of the OECD and in many emerging economies since the 1980s. This paper estimates a model of earnings inequality across OECD countries that incorporates determinants of relative demand and supply of more and less-skilled labour. Drawing...
Persistent link: https://www.econbiz.de/10010465013
We briefly review three U.S. regulatory initiatives in the context of data intensive technologies. We compare the conventional data warehouse approaches versus the newer approaches based on exploiting parallel computation, from data appliance to the open source “big data” approaches. Several...
Persistent link: https://www.econbiz.de/10012972617
Commercializing an emerging technology that employs an immature production process can be challenging, particularly when there are many different sources of uncertainty. In industries with stringent safety requirement, regulatory interventions that ensure safety while maintaining incentives for...
Persistent link: https://www.econbiz.de/10012968679
study the optimal regulation of transformative technologies when society can learn about these risks over time. Socially … all social damages, and sector-independent regulation is helpful but generally not sufficient to restore optimality …
Persistent link: https://www.econbiz.de/10014322848
The determinants of energy-saving innovation, and particularly the roles of energy prices and efficiency standards in affecting the development of new energy-saving technologies, are exceptionally important considerations in modeling global climate change and evaluating alternative policy...
Persistent link: https://www.econbiz.de/10014073481
are subject to regulation by local authorities, resulting in both practical and strategic implications for manufacturers …, along with a more complex set of innovation incentives. This chapter presents background on medical device regulation … adverse events and recalls), and concludes with a discussion of the implications of regulation for innovation incentives in …
Persistent link: https://www.econbiz.de/10013477189
transform society. Handling the development and regulation of these promising technologies is a daunting task as the risks …
Persistent link: https://www.econbiz.de/10012753191
Persistent link: https://www.econbiz.de/10012838536
regulation. To identify the effect of digital technology on regulatory compliance costs, we leverage a quasi-experimental policy … policy form and rate filing information. We find that digitization lowers the costs of complying with regulation. The average …
Persistent link: https://www.econbiz.de/10012844327
This paper analyses the challenges for financial regulation posed by new financial technologies. It provides a … decentralised finance without intermediaries. Four possible responses are identified: enhancing or adapting existing regulation …, developing new regulation, reducing barriers to entry and exit and monitoring and regulating the ‘permissionless …
Persistent link: https://www.econbiz.de/10013406483