This study examines how geographic distance to Vietnam's centralized securities regulator-the State Securities Commission (SSC)-influences firm-level stock price crash risk. In emerging markets characterized by weak governance, corruption, and political connections, distance can erode monitoring...

The note is divided into three parts. Part One provides a conceptual framework for understanding labor market dynamics and market failures typical of platform work. It then summarizes regulatory responses to these failures based on a review of regulations from middle- and high-income countries....

This paper examines Paraguay’s vulnerability to the European Union’s Regulation on Deforestation-Free Products. Drawing on trade data, customs firm-level data, and high-resolution geospatial analysis, it assesses exposure at the country, firm, and geographic levels. The results show that...

This paper examines the rise of fintech lending in Indonesia, using a dataset of more than 139,000 individual credit records representative of the full spectrum of consumer loans in the country. The analysis reveals that fintech lending has become deeply embedded in Indonesia’s financial...

Entrepreneurs are often at the forefront of developing green technologies, circular economy models, and social enterprises. In addition, the European Union Regulation on sustainable investment aims to redirect capital flows toward environmentally sustainable activities. This paper aims to...

Minimum standard regulations for energy-using durables have long been suspected of having hidden costs: quality improvements in the regulated dimension reduce quality in other dimensions. We substantiate this claim for the U.S. clothes washer market, which has become a notorious example of the...

Stablecoins are rapidly expanding as money-like assets for payments, trading, settlement, and cross-border transfer. In response, policymakers are moving quickly to develop new regulatory frameworks to safeguard the monetary and financial system. This article develops a forward-looking,...

We illustrate the coordination problem in the provision of distinctive architectural design that arises from design externalities within a quantitative model. To quantify the model, we conduct a quantitative review of a growing literature concerned with the costs and benefits of distinctive...

We illustrate the coordination problem in the provision of distinctive architectural design that arises from design externalities within a quantitative model. To quantify the model, we conduct a quantitative review of a growing literature concerned with the costs and benefits of distinctive...

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,...

We illustrate the coordination problem in the provision of distinctive architectural design that arises from design externalities within a quantitative model. To quantify the model, we conduct a quantitative review of a growing literature concerned with the costs and benefits of distinctive...

The discussion on Artificial Intelligence (AI) often centers around its impact on productivity, but macroeconomic evidence for Europe remains scarce. Using the Acemoglu (2024) approach we simulate the medium-term impact of AI adoption on total factor productivity for 31 European countries. We...

Fusion energy, the energy that powers the stars, is now almost within our grasp. Most recent timelines agree on the second half of the 2030s for the realisation of a Fusion Energy pilot plant. For this clean, virtually carbon-neutral energy source to contribute to the mitigation of the climate...

Die EU-Staaten, das Vereinigte Königreich (UK) und China zeichnen sich durch ein hohes Ausmaß an Regulierung ihrer digitalen Märkte aus. Dabei haben die EU und das UK ihre Regulierungen in den vergangenen Jahren stark verschärft. Der wenig dynamische Datenmarkt in der EU und im UK im...

In Deutschland besteht Einigkeit, dass die stetig zunehmende Überregulierung und Bürokratie zu den zentralen Herausforderungen des Landes zählen. Obgleich diese Erkenntnis seit Jahrzehnten besteht, hat es bisher keine Regierung geschafft, den Trend von zunehmender Regulierung umzudrehen. Auch...

The relationship between private and public service media in Germany has traditionally been perceived and regulated as one of competitive coexistence and reciprocal counterbalancing. However, digital transformation and the rise of platform dominance challenge this perspective. In response, this...

Globally, the popularity of homesharing platforms such as Airbnb has grown rapidly in the past decade. These platforms allow households to raise additional income and utilise space in their homes that may otherwise remain unused. However, concerns over the impacts of short-term lets (STL) on...

Ziel einer output-orientierten Regulierung (OOR) ist die gezielte Anreizung vorgegebener Leistungsziele (Outputs), die im Rahmen einer ansonsten vorwiegend auf Kosteneffizienz ausgerichteten Anreizregulierung nicht im gesellschaftlich erwünschten Maße gefördert werden. Sie ergänzt die im...

Der vorliegende Abschlussbericht entstand im Rahmen des Forschungsprojektes "Plattformökonomie und soziale Sicherung: Arbeits- und Sicherungsorientierungen digitaler Selbstständiger zwischen De- und Re-Institutionalisierung". Das Kooperationsprojekt zwischen dem Institut Arbeit und...

Decarbonizing Brazil's road freight transport sector is essential to achieving the country's 2050 emission targets. To scale this effort, Brazil must transition from diesel-powered trucks to low- and zero-carbon alternatives powered by electricity or hydrogen, each requiring substantial...

Purpose: This article evaluated the decline of registered auditors (RAs) and its impact on the future of the assurance industry in South Africa. Auditors play a critical role in ensuring the transparency, trust, and credibility of financial statements. The decrease in the number of registered...

This study emphasizes three solid questions: (i) the extent to which African banking systems are globalized; (ii) the role of regulation and technology in this process; and (iii) whether economic globalization reinforces banking stability. We conceptualize financial globalization through two...

The growing compensation disparity between CEOs and employees has become a global concern, underscoring the need for regulatory measures to ensure fair and equitable remuneration practices. Drawing insights from China's government regulation of CEO compensation (GRCC) for state-owned enterprises...

Despite growing awareness, the global regulation of facial recognition technology (FRT) remains fragmented, much like the governance of Artificial Intelligence (AI). International initiatives from the United Nations (UN), Organisation for Economic Co-operation and Development (OECD), and World...

This study examines the impact of margin loans and accompanying regulatory changes on the underpricing of initial public offerings (IPOs) in Türkiye, with a focus on the wave of IPOs from 2020 to 2023-a period during which the number of IPOs and proceeds from them reached record highs....

In a model of asymmetric regulation, a firm can comply with two regulatory targets, and a regulator can audit the firm for compliance. Inspection by the regulator is imperfect, and it assesses the firm’s compliance with the targets with different success probabilities. The firm fully complies...