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Disclosure Deregulation of Quarterly Reporting

Behrmann, Vanessa; Hornuf, Lars; Zimmermann, Jochen - 2022

Directive into German law and analyze whether a reduction in the minimum content requirements for quarterly reporting increases … manually examine firms’ quarterly reports for their content elements and construct a new quarterly reporting measure with an … ordinal quality dimension. The results reveal that during the period from 2012 to 2019 lower quarterly reporting levels due to …

Persistent link: https://www.econbiz.de/10013323972

Embedded Supervision: How to Build Regulation into Decentralised Finance

Auer, Raphael A. - 2022

stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …

Persistent link: https://www.econbiz.de/10013353383

Crypto Trading and Bitcoin Prices: Evidence from a New Database of Retail Adoption

Auer, Raphael; Cornelli, Giulio; Doerr, Sebastian; … - 2023

Prices for cryptocurrencies have undergone multiple boom-bust cycles, together with ongoing entry by retail investors. To investigate the drivers of crypto adoption, we assemble a novel database (made available with this paper) on retail use of crypto exchange apps at daily frequency for 95...

Persistent link: https://www.econbiz.de/10014290176

Estimating the Effects of Regulation When Treated and Control Firms Compete: A New Method with Application to the EU ETS

Barrows, Geoffrey; Calel, Raphael; Jégard, Martin; … - 2023

This paper presents a method for estimating treatment effects of regulations when treated and control firms compete on the output market. We develop a GMM estimator that recovers reduced-form parameters consistent with a model of differentiated product markets with multi-plant firms, and use...

Persistent link: https://www.econbiz.de/10014377413

Externalities and the Erosion of Trust

Daniele, Gianmarco; Martinangeli, Andrea F.M.; … - 2023

We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals disagree on the seriousness of an externality problem, which leads to diverging policy opinions on how to solve it. This heterogeneity has two important effects on trust. First,...

Persistent link: https://www.econbiz.de/10014377449

The Cost of Regulatory Compliance in the United States

Trebbi, Francesco; Zhang, Miao Ben; Simkovic, Michael - 2023

One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on …

Persistent link: https://www.econbiz.de/10014377563

Ramsey Pricing Revisited: Natural Monopoly Regulation with Evaders

Besfamille, Martin; Figueroa, Nicolás; Guzmán, Léon - 2023

We consider a model featuring a single-product natural monopoly, which faces evaders, i.e., individuals that may not pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets the price, the level of deterrence effort, and socially...

Persistent link: https://www.econbiz.de/10014469391

The Interplay Between Regulation and Competitions: The Case of Universal Service Obligations

Hoernig, Steffen H.; Valletti, Tommaso M. - 2002

Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...

Persistent link: https://www.econbiz.de/10010315281

The Political Economy of Collective Bargaining

Palokangas, Tapio - 2002

-earners and profit-earners lobby the government for taxation and labour market regulation, and labour market legislation must be … regulation in the labour market. In such a case, the political equilibrium is characterized by strong union power and right …

Persistent link: https://www.econbiz.de/10010315341

General Training by Firms, Apprentice Contracts, and Public Policy

Malcomson, James M.; Maw, James W.; McCormick, Barry - 2002

subsequently quit. Regulation of apprenticeship length (a historically important feature) enhances efficiency. Appropriate …

Persistent link: https://www.econbiz.de/10010315351