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The paper provides a tractable, analytical framework to study regulatory risk under optimal incentive regulation … consumers' preferences. -- Optimal incentive regulation ; regulatory risk ; procurement ; information rents …
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prefer regulatory risk and these preferences may contradict both the firm's and consumers'. -- optimal incentive regulation …
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With the increasing concerns that accompany the rising trends of house sharing economies, regulators impose new laws to counteract housing supply scarcity. In this paper, I investigate whether the ban on short-term entire house listings activated in Berlin in May 2016 had any adverse effects...
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to underestimate the full costs of restrictive land use regulation since compliance costs would be under estimated. One …
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