Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation. We find that product market regulations affect time devoted to market work in effectively the same fashion as do taxes on labor income or consumption. In particular, i...

nowadays, the status of regulations of securities exchange section in accordance with its huge transactions and its increasing role in countries’ economies has gained particular significance. on the other hand, taking into account that iran is presently an observer member of wto and the necessity of its becoming a permanent one in the near future, it is essential to revise and amend its rules a...

In emissions intensive industries such as iron and cement, manufacturers can invest to reduce carbon emissions. Under carbon regulations, their investment decisions will change the cost structure of production. We study the joint production and investment decisions under command-andcontrol and market-based regulations for a manufacturer. Market-based regulations include carbon tax and cap-and-t...

The paper develops the idea of valuation capital market regulations efficiency. The performance and efficiency measurement idea is very widely spread in the private sector. However efficiency concept in a public sector is rather new approach and still underdeveloped. The goal of this paper is to reveal the possibilities to measure the efficiency of a public sector performance by applying some d...

We study whether the effects on registered manufacturing output of dismantling the License Raj — a system of central controls regulating entry and production activity in this sector — vary across Indian states with different labor market regulations. The effects are found to be unequal across Indian states with different labor market regulations. In particular, following delicensing, industries...

Many US states have regulations that restrict the ability of franchisors to terminate franchise contracts. We estimate economic effects these with a focus on how they impact market structure. Using data from quick-service restaurant industry, we find implementing results in 4–5 percent fewer establishments average county. Our imply regulation leads increased concentration large number markets, ...

We find that, across OECD countries, there is a strong link between the rate of self employment and the intensity of both productand labor-market regulations. The sensitivity of the self-employment rate to regulation appears greater in terms of statistical significance and magnitude than the sensitivity of unemployment. We then develop a model of rent creation and division featuring product and...