The severity of impact of crude oil price shocks on the macro economy of an oil importing country are thought to be moderated by regulating domestic prices of petroleum products. India has adopted a deregulated regime of pricing of bulk purchases of diesel in January 2013 moving away from a...

What role has the US Supreme Court played in the liberalization of the American economy over the last three decades? By examining more than 800 cases of judicial review on issues related to economic policy-making between 1946 and 2012, we show that the Court participated in the post-1980s shift...

We study patterns of entry and exit in the German interurban bus industry in the first three years after its deregulation in January 2013. Using a comprehensive data set of all firm and route entries and exits, we find that the industry grew much quicker than originally expected – with...

The premise of the postwar global political economy under the Bretton Woods system was that economic integration was desirable, but risky. Embedded liberalism enabled governments to embrace global trade while minimizing the vulnerability and economic dislocation that might follow. The premise of...

The foreign investment regime governing the airline industry has been the subject matter of considerable debate. Our goal in this paper is to supplement the literature by embarking on an analysis of the foreign investment regime in India and to cautiously suggest that India's new regulatory...