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Jarrell (1978) found that electricity prices rose in states that adopted state regulation before 1917, suggesting that … regulation more credibly protected specialized utility assets from regulatory opportunism than did the municipal franchise … between capacity and prices shifted upward under state regulation, potentially consistent with either explanation. At the same …
Persistent link: https://www.econbiz.de/10014089827
We describe RegData 3.0, a database released by the RegData Project at the Mercatus Center at George Mason University … on August 31, 2017, for the purpose of facilitating third-party usage. We explain the primary features of the database …, describe the methodology used to build it, and list the pre-made datasets available for download from the RegData 3.0 database …
Persistent link: https://www.econbiz.de/10012946703
If algorithms are to be the policy analysts of the future, the policy metrics they produce will require careful validation. This paper introduces a new dataset that assists in the creation and validation of automated policy metrics. It presents a corpus of laws that have been redrafted to...
Persistent link: https://www.econbiz.de/10013236893
new panel. RDAU1.0 applies the RegData method to create a unique Australian database that extends from 1997 to 2012 …. We use RDAU1.0 to capture broad patterns in Australian regulation, and we compare these data to RegData findings from … preliminary analysis yields relational evidence consistent with previous researchers' hypothesis that the extent of regulation …
Persistent link: https://www.econbiz.de/10012848603
This paper presents the latest edition of the OECD indicators of product market regulation (PMR), which measure …, modifications in the economic and business environment, and changes in the practice of regulation. The results show that most OECD …
Persistent link: https://www.econbiz.de/10012203338
We argue that information asymmetries between regulators and firms increase the administrative decision costs of initiating new policies due to the costs of satisfying evidentiary or “burden of proof” requirements. We further contend that regulators with better information about regulated...
Persistent link: https://www.econbiz.de/10014201122
Europeans face a regulatory challenge: how can the human rights and dignitary values that animate data protection law be protected in transborder data flows? With the proposal of the EU-US Privacy Shield, part of the challenge will be answered by the US Federal Trade Commission (FTC). The FTC is...
Persistent link: https://www.econbiz.de/10012968951
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 discusses the design and analyzes the potential benefits and costs of executive pay package policy within the US 2009 Emergency Economic Stabilization Act (EESA), commonly known "Bailout". It shows that the ultimate effect of the EESA on executive compensation is generally difficult...
Persistent link: https://www.econbiz.de/10013134122
The traditionally large and sunk nature of utility investments gives rise to the possibility, if not the likelihood, of opportunistic behavior on the part of either regulators or regulated firms. In this paper, we develop a theoretical model to provide insights into this possibility, then employ...
Persistent link: https://www.econbiz.de/10014159347