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Across 69 countries, higher tax rates are associated with less unofficial activity as a percent of GDP but corruption is associated with more unofficial activity. Entrepreneurs go underground not to avoid official taxes but to reduce the burden of bureaucracy and corruption. Dodging the Grabbing...
Persistent link: https://www.econbiz.de/10014042409
rates alone. This paper - a product of the Governance, Regulation, and Finance Group, World Bank Institute - is part of a …
Persistent link: https://www.econbiz.de/10014042648
This article examines the intersection of antitrust and intellectual property law, critiquing the government's approach and proposing amendments to current standards. In particular, this article focuses on the U.S. Department of Justice and Federal Trade Commission's treatment of innovation...
Persistent link: https://www.econbiz.de/10014218284
Self-regulation is common, but comparative analysis of self-regulation and government regulation is rare. This paper … identifies conditions determining whether regulation is delegated or centralized, analyzing the welfare implications of … government-producer bargaining. Self-regulation's relative efficiency increases with uncertainty over institutional …
Persistent link: https://www.econbiz.de/10014224400
In 1986, the European Communities enacted Directive 86/653/EEC on self-employed commercial agents. In the UK, this was implemented into national law in the Commercial Agents Regulations 1993. Over the past 20 years, considerable scholarship has been devoted to commercial agents and a sizeable...
Persistent link: https://www.econbiz.de/10014157797
Through the end of the twentieth century, the most critical regulatory issue facing electric utilities was stranded costs, which can be defined as those costs that the utilities were permitted to recover through their rates but whose recovery may have been impeded or prevented by the advent of...
Persistent link: https://www.econbiz.de/10014125590
Ever since its introduction in 2012, RegData—the Mercatus Center’s database for quantifying federal regulation …
Persistent link: https://www.econbiz.de/10014082997
This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric utilities in the United States. We argue that there are...
Persistent link: https://www.econbiz.de/10014031113
This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally constructed and as such occupy an essentially hybrid place between state and market, public and private. At the same time, financial markets exhibit dynamics that frequently put...
Persistent link: https://www.econbiz.de/10013097823
Behavioral economics is influencing regulatory initiatives in many nations, including the United States and the United Kingdom. The role of behavioral economics is likely to increase in the next generation, especially in light of the growing interest in low-cost, choice-preserving regulatory...
Persistent link: https://www.econbiz.de/10013086622