This paper examines the investment strategies of regulated companies in irreversible abatement technologies and the environmental achievements of the system in an inter-temporal cap–and–trade market using laboratory experiments. The experimental analysis is performed under varying market structures: firstly, in a market where there are exclusively regulated companies and then in a market with t...

A variety of transparency rules and government regulations as well as risk management policies in Bulgaria set the basis for the establishment of the young Bulgarian Stock Exchange (BSE) the way it exists today. Similar to other Eastern European countries, Bulgaria started its mass privatization process and re-established the Bulgarian Stock Exchange Market in 1995. By the end of 1999 the Bulga...

From the perspectives of regulation and convergence, several debates on the industrial definition of smart TV service in Korean broadcasting and communications market have been in progress. The most heated controversy mainly depends on whether smart TV is controlled under the broadcasting regulations or under the communications regulations. This Korean specific problem is summarized in regulati...

This paper investigates the impact of what the extant literature has come to view as some of the major causes of the 2007 US housing market crisis. In particular we investigate the hypothesized effect of, lax financial regulations, the “savings glut” that is invested in the US from abroad, government support for increased home ownership, rising homeowners’ equity due to the real-estate boom, ex...

In this paper we study the effect of price floor regulations on the organization and performance of markets. The standard interpretation of the effects of these policies is concerned with short-run market distortions associated with excess supply. Since price controls prevent markets from clearing, they lead to higher prices. While this analysis may be correct in the short-run, it does not cons...

From the perspectives of regulation and convergence, several debates on the industrial definition of smart TV service in Korean broadcasting and communications market have been in progress. The most heated controversy mainly depends on whether smart TV is controlled under the broadcasting regulations or under the communications regulations. This Korean specific problem is summarized in regulati...

To be competitive, manufacturing should adapt to changing conditions existing in the market. Besides the market-based challenges, manufacturing firms also need constantly to adapt to newly developed processes and technologies and to rapidly changing environmental protection regulations. Modern automated manufacturing systems need robotized material-conditioning systems capable of moving materia...

The Food and Drug Administration (FDA) has issued draft guidelines that would require more rigorous standards for making pharmacoeconomic claims. This paper critiques the guidelines and explores the objectives of market regulation for health-related cost and effectiveness information on pharmaceutical products. It argues that the FDA should proceed with caution and flexibility. In particular, r...

The Gulf cooperation council (GCC) region is considered as "Emerging market" for pharmaceutical export and bilateral trade. The understanding of the regulatory requirements of this region can be beneficial for pharmaceutical export. Some incidents of the year 2008-09, like recession or economic slowdown in highly well-off and regulated market of the EU and US, raised the demand for alternate de...

We study the determinants of agricultural market reforms in developing countries. What prompted the governments in these countries to abruptly begin deregulating their agricultural markets in the late 1980’s? We answer this question by constructing a completely new dataset based on agricultural market regulations in 88 developing countries from 1960 to 2003. Our results suggest that the sudden ...