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Persistent link: https://www.econbiz.de/10003497568
changes to regulation. Using shifting land use regulation boundaries and oil lease prices from Canada, we estimate the effect …Regulation often evolves, and affected consumers or firms may adjust their behavior in anticipation of potential … unregulated leases. Based on our estimates, not accounting for anticipation underestimates the total cost of the regulation by …
Persistent link: https://www.econbiz.de/10011489414
, Spain, France, Switzerland and Germany. We then draw conclusions, how the market for insurance against natural disasters …
Persistent link: https://www.econbiz.de/10011511057
The economic impact of an institutional transplant depends on the underlying cultural envi-ronment of the receiving country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the receiving territories are characterized by cultural...
Persistent link: https://www.econbiz.de/10011405198
The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10011506475
shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model … elasticity of compensation in France is equal to 0.5 and justifies a large magnitude in compensation. To moderate those …
Persistent link: https://www.econbiz.de/10003751204
the case of France. We build a simple model that incorporates the main features of the system, such as the uniform premium … France we find that the stylized factsʺ of the system correspond to our results. Additionally, the policies implemented by …
Persistent link: https://www.econbiz.de/10003301201
Persistent link: https://www.econbiz.de/10003630769
The paper examines whether international regulatory harmonization increases cross-border labor migration. To study this question, we analyze European Union (EU) initiatives that harmonized accounting and auditing standards. Regulatory harmonization should reduce economic mobility barriers,...
Persistent link: https://www.econbiz.de/10011405693
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/10014320686