This paper argues that the Federal Communications Commission (FCC) has outlived the economic and technological conditions that justified its creation. The monopolistic telephone and spectrumscarcity environments of 1934 have been replaced by dynamic, intermodal competition across broadband,...

Sweden's economic growth in relation to developments in the rest of the world exhibits three distinct phases over the past 170 years. From 1890 to 1950, Sweden experienced faster growth than comparable countries. This period of liberalization was followed by a phase of lagging behind until...

The non-CO2 aviation emissions (mainly contrails) can, in total, be up to twice as damaging for climate as the CO2 emissions associated to the use of kerosene. As the warming effect of the non-CO2 emissions depends strongly on metereological conditions, it is difficult to attribute the non-CO2...

The European Union Emissions Trading System is set to substantially increase the effective carbon price faced by airlines. To quantify the impact of this carbon regulation on the European airline industry, we estimate a two-stage model of airline competition with endogenous route entry, flight...

This paper studies the impact of US interstate bank branching deregulation on school finance and student achievement, leveraging the deregulation as a state tax revenue shock. Total revenue and expenditure increase following the deregulation. The revenue increase stems mainly from higher state...

This study examines the dynamics of economic freedom in nine advanced democracies in comparison to China over the 1970-2022 period. Using data from the Fraser Institute and the Manifesto Project Database, we apply a Bayesian time-series methodology to identify three key patterns. First, economic...

This paper links microeconomic theory with the political economy of regulation. We explain why modern economies tend to become persistently over-regulated and we outline a practical strategy for deregulation. We argue that regulations are not the works of a benevolent central planner but rather...

Mit der Amtsübernahme von Donald Trump zeichnet sich eine Entwicklung der US-Technologiepolitik ab, die für Deutschland und Europa eine Gefahr darstellt. Die großen US-Technologiekonzerne scheinen willens, Trumps Bemühen um eine autoritäre Umgestaltung der USA mitzutragen - als...

Die vorliegende Studie untersucht die in Deutschland vorherrschenden sozio-kulturellen Ursachen für Bürokratie und Überbürokratisierung und kommt unter anderem zu dem Ergebnis: Dort, wo es Spielräume bei Entscheidungen gibt, nutzt die Verwaltung sie nur sehr vorsichtig und zurückhaltend....

This paper studies how liberalising outward foreign direct investments (FDI) affects manufacturers’ engagement in global production and their domestic workers’ labor market outcomes. Focusing on a liberalisation policy in 2001 by the government of Taiwan that allowed 122 electronic products...

To boost the European Union's digital economy, the European Commission is seeking to reduce the burden of its digital rulebook. However, the Commission's deregulatory strategy lacks a rigorous, evidence-based analysis of the expected effects entailed by proposed burden reductions, is...

Submarine cables enable international connectivity and are essential for high- speed internet access. This paper examines their impact on internet access price, focusing on price reductions driven by cost savings and competition intensity. Using a dataset of submarine cable capacity and internet...

Electricity sectors in many developing countries are stuck in a vicious cycle of low prices, financial insolvency, and unreliable service. India’s state-owned utilities are emblematic of this problem, costing the government billions in bailouts while delivering poor electricity reliability....

In the last decades, the governance of national electricity systems in Europe has experienced several shifts between market liberalization and policy intervention. However, there remains a lack of consistent evidence about impacts of electricity market governance on the performance of...

Mit der Amtsübernahme von Donald Trump zeichnet sich eine Entwicklung der US‑Technologiepolitik ab, die für Deutschland und Europa eine Gefahr darstellt. Die großen US-Technologiekonzerne scheinen willens, Trumps Bemühen um eine autoritäre Umgestaltung der USA mitzutragen - als...

The US-China direct flights in mid-2023 were only 7 percent of those available in mid-2019. This quasi-experiment informs the debate on air transport de-carbonization. An estimated structural model shows that re-establishing the pre-pandemic direct connectivity could increase passengers by 387...

This paper investigates the impact of services sector liberalization on product innovation of downstream manufacturing firms. Leveraging firm-product panel data from India and employing a shift-share research design, I find that services liberalization significantly increases firms’ product...

Achieving net-zero greenhouse gas emissions in the energy system requires substantial electrification of transportation and many industrial applications, utilizing net-zero generation resources in conjunction with net-zero gas and heat systems. This paper describes and evaluates a centralized...

This study investigates the dynamic effect of economic liberalization, privati‑ zation, and globalization on the export performance of Ethiopian manufacturing firms. We use structural equation modeling (SEM) to examine the direct and indirect influences between these macroeconomic reforms and...

Business power is thought to increase over time when private actors are involved in the provision of public goods and services. This paper argues that this is partially true-and that in certain circumstances, state actors can even swiftly regain control of sectors previously ceded to private...

Over the last century, the United States has witnessed three approaches to achieving better regulatory outcomes: the removal of "economic" regulations in certain sectors; regulatory impact analysis (RIA) of new "social" regulations; and retrospective analysis of existing regulations. This...

Industrial Revolution 4.0, with its emphasis on smart manufacturing, has a profound impact on traditional employment. This study aims to examine changes in firms employment decisions in the context of Industry 4.0, shedding light on the conflict between liberalism's market mechanisms and...

How does electricity market integration affect cross-border electricity flows, wholesale prices and renewable electricity generation? We employ a synthetic control method to contribute to literature on electricity market integration using the 2018 integration of Ireland's Single Electricity...

This study investigates how credit to firms responds to an energy price shock by comparing the credit growth of similar firms with different energy intensities before and after the shock triggered by the Russian invasion of Ukraine. Credit growth of energy-intensive firms declined by 8.75...

Argentina has been characterised for a long time by inflation, recession, poverty and failed reforms. We analyse the reforms of Javier Milei with the help of the Austrian School of Economics, German ordoliberalism and the theory of financial repression. It is shown that Milei’s reforms have...

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...