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experiment in regulation. Hitherto, there has been no empirical analysis of the incentive properties of the regimes applied. This … that incentive regulation was effective in the industry at this time. …
Persistent link: https://www.econbiz.de/10005671478
Posner's view of regulation as a taxation scheme, whereby regulators set high rates in some markets in order to subsidize …
Persistent link: https://www.econbiz.de/10005672111
In this paper we conduct a re-appraisal of the robustness of tests relating the abuse of market power to measures of price-cost margins and bench mark pricing. We argue that these methods do not control for variations in the correlation between workers' reservation wages and productivity. In the...
Persistent link: https://www.econbiz.de/10005673145
The financial service industry has been undergoing significant change in recent years. This paper analyzes some key developments affecting the industry and examines some important issues facing the industry and its regulators. Changes discussed include the way services are provided, the...
Persistent link: https://www.econbiz.de/10005673245
This paper examines the impact of regulation on market competition and market performances. It analyses the importance … of strict financial regulation for a well performing economy. Heavy regulation decreases market flexibility, vital in the … possibility of avoiding legal rules, and operate in a informal manner. At the same time regulation is necessary to enable …
Persistent link: https://www.econbiz.de/10005673444
regulation and for changing the role of the state. While WTO allows state-trading, its core philosophy is based on the MFN rules …
Persistent link: https://www.econbiz.de/10005673489
Paper explains the changing concept of privatization, regulation and deregulation of utilities. The theoretical and …
Persistent link: https://www.econbiz.de/10005673612
In the light of recent crises capital markets are re-evaluating value relevance of financial information for price formation on the stock market. In this paper we investigate this issue through a comparison of recent developments in the US market as compared to Czech market. The paper identifies...
Persistent link: https://www.econbiz.de/10005673629
Persistent link: https://www.econbiz.de/10005673740
Persistent link: https://www.econbiz.de/10005673971