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Determinants of constitutional change: Why do countries change their form of governments?
Hayo, Bernd; Voigt, Stefan - 2010
A country's form of government has important economic and political consequences, but the determinants that lead countries to choose either parliamentary or presidential systems are largely unexplored. This paper studies this choice by analyzing the factors that make countries switch from...
Persistent link: https://www.econbiz.de/10010270500
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Legal Uncertainty as a Welfare Enhancing Screen
Lang, Matthias - 2016
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10011584863
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Regulation of Location-Specific Externalities
Amundsen, Eirik Schrøder - 2019
In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …
Persistent link: https://www.econbiz.de/10012892205
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A Dynamic Theory of Regulatory Capture
De Chiara, Alessandro; Schwarz, Marco - 2021
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10013236193
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Does Envelopment Through Data Advantage Call for New Regulation?
Langus, Gregor; Lipatov, Vilen - 2021
commentators have focused on the anticompetitive potential of envelopment, and some have argued for regulation of platforms because … of that concern. These calls for regulation are not supported by robust formal analysis or comprehensive empirical …
Persistent link: https://www.econbiz.de/10013239564
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Regulating Untaxable Externalities : Are Vehicle Air Pollution Standards Effective and Efficient?
Jacobsen, Mark R.; Sallee, James; Shapiro, Joseph S.; … - 2022
assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …
Persistent link: https://www.econbiz.de/10014240477
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Investment in Quality Upgrade and Regulation of the Internet
Baranes, Edmond - 2020
nondiscrimination regulation that forces the ISP to provide an equal quality upgrade to both CPs, however, can reduce the ISP …
Persistent link: https://www.econbiz.de/10012841934
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Searching for a "Golden Rule" of Economic Regulation of an Infectious Disease
Amundsen, Eirik Schrøder - 2022
This paper investigates whether a “Golden Rule” of regulation of an infectious disease may be elicited that balances …
Persistent link: https://www.econbiz.de/10013296741
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Fare Evasion and Monopoly Regulation
Besfamille, Martin; Figueroa, Nicolás; Guzmán, León - 2022
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10013299243
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Mimic Models, Cointegration and Error Correction : An Application to the French Shadow Economy
Bühn, Andreas; Schneider, Friedrich - 2021
The analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for...
Persistent link: https://www.econbiz.de/10013316608