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, taken in conjunction with economic theory as well as other country specific studies of economic regulation, support the …This study provides a survey of research that uses cross-country comparisons to examine how economic regulation affects …-operation and Development measures of regulation. Those studies seem to reflect a consensus that entry regulation and …
Persistent link: https://www.econbiz.de/10012824133
Administrative regulations are an important tool of modern government, but their legitimacy is often questioned since they are adopted by the executive branch rather than the legislature. Judicial review of the legality of regulations is necessary but not sufficient as an accountability...
Persistent link: https://www.econbiz.de/10012825513
with alternative modes of regulation within the digital sphere. The aim is to explore whether this approach is coherent …
Persistent link: https://www.econbiz.de/10012826767
In contrast to financial arbitrage, which causes prices of economically equivalent transactions to converge in the direction of one price, regulatory arbitrage does not lead to such price convergence. In contrast, regulatory arbitrage tends to produce two different prices for economically...
Persistent link: https://www.econbiz.de/10012869811
This paper is one chapter of the volume “Regulation and Economics” of the second edition of the Encyclopedia of Law and …. Market failure in finance depends on problems of information and externalities. Regulation addresses these problems through … draw a few lessons for financial regulation and supervision.First, prudential regulation and supervision should monitor …
Persistent link: https://www.econbiz.de/10012975823
In 1999, the FCC largely deregulated middle-mile or "special access" enterprise communications services, resulting in explosive growth of new competitors using new technologies, including cable, fiber-optics, and high-speed Ethernet loops. But in recent years the agency has expressed increased...
Persistent link: https://www.econbiz.de/10013002347
. The varied efficacies of these interventions suggest several insights for policymakers. First, price regulation of non …-salient prices can also decrease overall consumer costs. A substitute for price regulation is the use of behavioral tools, such as …
Persistent link: https://www.econbiz.de/10012851689
We incorporate arguments from the Tiebout model into the regulatory competition equilibrium and study cross-fertilization in the productivity growth of banks between those in a state and others in this state's neighboring states. Empirically, we focus on two time periods: before (i.e.,...
Persistent link: https://www.econbiz.de/10012856571
We examine empirically cross-fertilization in the productivity growth of banks between a state and its neighboring and non-neighboring states before (1971-1977) and during (1982-1995) the interstate multibank holding company (IMBHC) deregulations, upon which, cross-border bank M&As, mainly among...
Persistent link: https://www.econbiz.de/10013053554
Persistent link: https://www.econbiz.de/10013055661