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Gautier, Pieter - 2016

This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode where an intermediary holds inventories which...

Persistent link: https://www.econbiz.de/10012984835

Bribes vs. Taxes : Market Structure and Incentives

Amodio, Francesco - 2018

Firms in developing countries often avoid paying taxes by making informal payments to tax officials. These bribes may raise the cost of operating a business, and the price charged to consumers. To decrease these costs, we designed a feedback incentive scheme for business tax inspectors that...

Persistent link: https://www.econbiz.de/10012914336

Productivity, Welfare and Reallocation : Theory and Firm-Level Evidence

Basu, Susanto - 2009

We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...

Persistent link: https://www.econbiz.de/10013153299

Product Market Deregulation and the U.S. Employment Miracle

Ebell, Monique C. - 2006

We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main …

Persistent link: https://www.econbiz.de/10012782768

Origins and Consequences of Child Labor Restrictions : A Macroeconomic Perspective

Doepke, Matthias; Krueger, Dirk - 2021

We investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire outcome may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban....

Persistent link: https://www.econbiz.de/10013324863

Conceptualising Informality : Regulation and Enforcement

Kanbur, Ravi - 2009

specified regulation(s). Relative to the regulation(s), four conceptual categories that can help frame the analysis are: (A …) regulation applicable and compliant, (B) regulation applicable and non-compliant, (C) regulation non-applicable after adjustment … of activity, and (D) regulation non-applicable to the activity. Rather than use the generic labels 'informal' and 'formal …

Persistent link: https://www.econbiz.de/10013159342

Product Market Regulation, Firm Size, Unemployment and Informality in Developing Economies

Charlot, Olivier - 2011

formal sector wage premium. The opposite is true for labor market regulation. Finally, we show that the so-called overhiring …

Persistent link: https://www.econbiz.de/10013129903

The Optimal Minimum Wage with Regulatory Uncertainty

Bennett, John - 2015

For two different regulatory standards, we examine the optimal minimum wage in a competitive labour market when the government is uncertain about supply and demand. Solutions are related to underlying supply and demand conditions, and the extent of uncertainty and of rationing efficiency. We...

Persistent link: https://www.econbiz.de/10013009495

Employment Protection, Product Market Regulation and Firm Selection

Koeniger, Winfried; Prat, Julien - 2021

This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …

Persistent link: https://www.econbiz.de/10013317674

Slippery Fish : Enforcing Regulation Under Subversive Adaptation

Gonzalez Lira, Andres - 2019

Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement …. Economic theory suggests that conducting audits on a predictable schedule, and (counter-intuitively) at high frequency, can …

Persistent link: https://www.econbiz.de/10012870302