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regulation. Guided by restrictive legislative mandates, regulatory policies often strike a quite different balance with an … policy efforts. Inadequate regulatory enforcement and behavioral responses to regulation may limit their effectiveness, while …
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This paper presents a method for estimating treatment effects of regulations when treated and control firms compete on the output market. We develop a GMM estimator that recovers reduced-form parameters consistent with a model of differentiated product markets with multi-plant firms, and use...
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The process of deregulation in network industries, in particular in the electric sector, raises the problem of Þnancing the Universal Service Obligations (USO) corresponding to the production, transport and distribution operations. In this paper, we study three ways of funding for an USO of...
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The article explores the impact of civil regulation on the environmental behaviour of SMEs. It shows that although … civil regulatory pressures are generally subdued, and that conventional regulation continues to be an important driver of … suggested that, in some circumstances, civil regulation provides a bespoke regulatory mechanism which is more likely to bring …
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commodities that are detrimental to health and the environment. Specifically, this paper examines if a tax increase leads to a … the environment. These include tobacco, alcoholic beverages, sugar and confectionary, household energy, and motor fuel …
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