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quickly. Also, the approval delay is likely to decrease as an industry moves from the early stages of an innovation cycle to …
Persistent link: https://www.econbiz.de/10005661945
What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more pro-entrepreneurial policies....
Persistent link: https://www.econbiz.de/10008530366
We consider a lie-catching experiment with 9240 judgements. A set of videotapes shows subjects participating in a tax compliance experiment. The subjects chose whether or not to misreport. Subjects knew that underreporters were chosen for an audit with some probability. An audit led to detection...
Persistent link: https://www.econbiz.de/10011084015
Using survey data from 28 transition countries, we test for the complementarity and substitutability of market-relevant skills and institutions. We show that democracy and good governance complement market skills in transition economies. Under autocracy and weak governance institutions there is...
Persistent link: https://www.econbiz.de/10005666546
Accurate citizen perceptions of corruption are crucial for the political process to effectively restrain corrupt activity. This paper examines the accuracy of these perceptions by comparing Indonesian villagers' stated beliefs about corruption in a road-building project in their village with a...
Persistent link: https://www.econbiz.de/10005791360
Recent economic theories have investigated the susceptibility of diverse public bureaucratic structures to capture by private industry. In particular, Laffont and Martimort (1999) propose that the separation of regulatory powers will reduce the threat of capture. We analyse investor reaction to...
Persistent link: https://www.econbiz.de/10005504380
negative externality (higher effort decreases the expected future quality of the asset) case: it is enough for the principal to … effort increases the future expected quality of the asset) a change in the rights to use the asset is no longer sufficient …
Persistent link: https://www.econbiz.de/10005504381
the history of financial market regulation. …
Persistent link: https://www.econbiz.de/10005504579
We analyze the design of optimal regulation of a domestic monopolist that also competes in an unregulated foreign … market. We show how foreign activities by the regulated firm affect domestic regulation, consumers’ surplus and firm …
Persistent link: https://www.econbiz.de/10005504706
practitioners and economists, taking the existing regulatory environment as fixed. Based on the degree of existing regulation (full …
Persistent link: https://www.econbiz.de/10005497999