In this paper we empirically address the issue of whether reductions in card payment interchange fees have a significant impact on prices paid by consumers. The answer to this question is at the core of most competition policy cases and regulations that have been applied to card payment markets....

The EU countries, the United Kingdom (UK), and China are characterised by a high level of regulation of digital markets. In recent years, the EU and the UK have significantly tightened their regulations. The less dynamic data market in the EU and the UK compared to major players in the global...

Based on Becker, Kane, Niskanen, and Peltzman's ideas, we develop a model to explain why deposit insurance is adopted even though policymakers are aware of its pitfalls in both theory and practice. In our model, the regulator acts as both a bureaucrat and an entrepreneur to maximize his...

Am 1.8.2021 ist das neue Personenbeförderungsgesetz in Kraft getreten. Es definiert neue Formen der Mobilität. Die Reform enthält zwei Neuerungen: Erstens wird ein neuer Gelegenheitsverkehr, der gebündelte Bedarfsverkehr, zugelassen und damit die Rechtsgrundlage für derartige...

In this article I selectively survey the economic history literature on the rise of regulation in America during the Progressive Era with the goal of identifying how this literature is informed by Austrian economic theory, and how Austrian theory might contribute to our understanding of the...

Microfinance is the provision of financial services to disadvantaged people and the financially excluded, often with a social mission of poverty alleviation and women empowerment. There are many different forms of microfinance institutions (MFIs): for-profit, not-for-profit and state-owned, all...

Purpose: Building on theories of the firm, this research examines the challenges faced by chief executive officers (CEOs) in executing a turnaround strategy in the state-owned enterprises (SOEs) in South Africa. Design/methodology/approach: This is a qualitative study conducted within 10 of the...

Despite the acknowledged importance of perceived organizational support (POS), organizational trust (OT), and affective commitment (AC) for favorable organizational outcomes, relatively little is known about the processes that underlie these various associations, especially in Islamic, Arabian...

This paper discusses two high-profile public-private partnership projects in Tajikistan - the Dushanbe-Chanak motor toll road and Pamir Energy hydropower projects. An impact evaluation exercise was conducted for the Dushanbe-Chanak road using difference-in-difference estimates. The impact of the...