Using a difference-in-difference identification strategy and weekly data on a number of local stores, we estimate the causal effects of the price-ceiling policy, implemented in September 2022, on prices and availability of milk products in Croatia. We find that the regulated milk was around 35\%...

Conventional wisdom suggests that when business regulation is excessive, deregulation should enhance efficiency. The liberalization of services markets in Croatia demonstrates that this is not necessarily the case, particularly when features of the reform process allow undue influence by those...

Conventional wisdom suggests that when business regulation is excessive, deregulation should enhance efficiency. The liberalization of services markets in Croatia demonstrates that this is not necessarily the case, particularly when features of the reform process allow undue influence by those...