Last edited by Nekasa
Tuesday, May 19, 2020 | History

2 edition of Regulation of industry-specific externalities under private information. found in the catalog.

Regulation of industry-specific externalities under private information.

Petter Osmundsen

Regulation of industry-specific externalities under private information.

by Petter Osmundsen

  • 227 Want to read
  • 23 Currently reading

Published by Norges Handelshøyskole .
Written in English


Edition Notes

SeriesDiscussion paper, 1/97
ContributionsNorges Handelshøyskole.
ID Numbers
Open LibraryOL17543936M

the likelihood of a bank failure and a number of negative externalities exist in banking that cause risk to systematically under price. Research conducted by Valentina, Flamini, McDonald and Schumache, () on the determinants of commercial banks profitability in Sub – Saharan. The monetary authority has private information about that state. In the model, well-designed rules trade off society's desire to give the monetary authority discretion to react to its private information against society's need to guard against the time inconsistency problem arising from the temptation to stimulate the economy with unexpected.

Unlike the dynamic information acquisition explanation of conditional underpricing, prospect theory does not make a distinction between public information and private information. Thus, prospect theory can explain why offer prices do not fully adjust to market movements during the book-building period, a pattern documented by a number of authors. The role of self interest and competition was described by economist Adam Smith over years ago and still serves as foundational to our understanding of how market economies function. Self Interest is the motivator of economic activity.

Huge amounts of money will soon be spent by governments and private entities to develop technology to reduce the costs of climate change mitigation and adaptation, and to deploy new energy and transportation infrastructures. Incredibly, we still lack any good idea of the best means of providing massive amounts of government or private money so as to promote the most innovation and .   The statutory and regulatory environment for protecting information is an industry-specific and context-sensitive patchwork of state and federal laws that are insufficient to create and encourage private and public entities to apply the appropriate safeguards to protect personal information.


Share this book
You might also like
20,000 leagues under the sea

20,000 leagues under the sea

framing guide and steel square

framing guide and steel square

Gallup Poll, 1935-2000

Gallup Poll, 1935-2000

Do your own divorce (dissolution)

Do your own divorce (dissolution)

Sugarcane and its diseases.

Sugarcane and its diseases.

Catalogue of embroideries given to the Museum by Needlework Development Scheme.

Catalogue of embroideries given to the Museum by Needlework Development Scheme.

Testing and evaluation of oil spill recovery equipment

Testing and evaluation of oil spill recovery equipment

Ville-Marie

Ville-Marie

Hibernian crusade

Hibernian crusade

Comprehensive musicianship through classroom music.

Comprehensive musicianship through classroom music.

Youngs Night thoughts in relation to contemporary Christian apologetics.

Youngs Night thoughts in relation to contemporary Christian apologetics.

Architecture of Bali

Architecture of Bali

The Petsamo-Kirkenes Operation

The Petsamo-Kirkenes Operation

Modern Thomistic philosophy

Modern Thomistic philosophy

Criteria for judging the validity of clandestine marriages in the Corpus iuris canonici

Criteria for judging the validity of clandestine marriages in the Corpus iuris canonici

St. Thomas Aquinas.

St. Thomas Aquinas.

Regulation of industry-specific externalities under private information by Petter Osmundsen Download PDF EPUB FB2

Encouraging Positive Externalities Government can play a role in encouraging positive externalities by providing subsidies for goods or services that generate spillover benefits. A government subsidy is a payment that effectively lowers the cost of producing a given good or service.

Start studying BUS Chapter Learn vocabulary, terms, and more with flashcards, games, and other study tools. Negative externalities are the additional costs incurred by business due to the outside regulations placed by government.

The question of whether current public functions should be performed by the government or private. An introduction to the law and economics of regulation 17 failure in finance depends on problems of information and externalities.

Regulation addresses these problems through conduct of business. Forms of Regulation. Regulation has not always been widespread. In many areas, such as environment and safety for instance, regulation is a relatively recent phenomenon, although according to an influential strand of literature (La Porta et al., ), the regulatory state is historically characteristic of the Civil Law tradition as opposed to the Common Law tradition.

Osmundsen, P, "Regulation of Industry-Specific Externalities under Private Information," Papers 1/97, Norwegian School of Economics and Business Administration. Osmundsen, P., "Taxing Internationally Mobile Individuals - A Case of Countervailing Incentives," Papers 8/96, Norwegian School of Economics and Business Administration.

Unfortunately, this book can't be printed from the OpenBook. If you need to print pages from this book, we recommend downloading it as a PDF. Visit to get more information about this book, to buy it in print, or to download it as a free PDF. Early Government Studies on the Economic Impacts of Environmental Regulation.

In the early s, as the U.S. began to implement the Clean Air and Clean Water Acts, there was limited information available on how environmental regulation might impact the economy (Haveman & Smith, ).To help fill this gap, President Nixon directed the U.S.

CEQ, U.S. EPA, and the U.S. Department of Commerce. Forcing Firms to Talk: Financial Disclosure Regulation and Externalities Article in Review of Financial Studies 13(3) July with 53 Reads How we measure 'reads'. The U.S. automotive industry is composed of three major U.S.-based manufacturers (Chrysler, Ford, and General Motors), 1 several non-U.S.-based (transplant) vehicle assemblers, and a vast network of parts and components suppliers.

Collectively, the industry produces and sells approximately 15 million cars and light trucks each year. Nonpecuniary externality – occurs when an action of one economic agent directly affects the preferences or production opportunities of another o Externalities result in a divergence of private costs from social costs o Economic inefficiency results unless agents take into account the full social costs of their activities o Provide an efficiency rationale for regulation to align private.

Markets, Self-Regulation, and Government Enforcment in the Protection of Personal Information Peter P. Swire (1). Let's begin with a sense of the problem. Imagine that one day your bank or telephone company puts all of your transaction or phone records up on a Web site for the world to see. Suggested Citation:"4 The Environment in Business Decision Making."National Research Council.

Decision Making for the Environment: Social and Behavioral Science Research gton, DC: The National Academies Press.

doi: / The book focuses on what the author calls the institutional foundations of this new phenomenon of regulation, which he considers as being the newly emerging independent regulatory agencies (IRAs). The main feature of such IRAs is that they are (somewhat) "insulated from political control".

part of ip; A. these are not exclusively federal due to the Lanham Act and state/common law; B. purpose is to prevent customer confusion; C.

Trademark is a logo, short phrase, symbol or name under which businesses operates or markets a product; D. Service mark is the same except it denotes a service (airline industry); Must be registered under.

Submit comments (including comments on the information-collection (paperwork) determination described under the section titled SUPPLEMENTARY INFORMATION of this document), hearing requests, and other information by Aug All submissions must bear a postmark or provide other evidence of the submission date.

An important component of corporate governance is the regulation of significant transactions – mergers, acquisitions, and restructuring. This paper (a chapter in Oxford Handbook on Corporate Law and Governance, forthcoming) reviews how M&A and restructuring are regulated by corporate and securities law, listing standards, antitrust and foreign investment law, and industry-specific regulation.

The paper contributes to the discussion whether regulation has advantage over litigation (Schwartzstein and Shleifer, ) and also to the ongoing discussion, during the financial. For this example, there is also an associated certification and labeling program.

Most electrically powered devices sold in the United States are inspected, certified, and labeled as being approved by the Underwriters Laboratories (UL), an independent company that works with industry to develop appropriate product safety standards.

@article{osti_, title = {Decentralized method for utility regulation: a comment}, author = {Sharkey, W W}, abstractNote = {The author comments on the article by Loeb and Magat in this journal issue (P ); he feels their idea is worthy of more-detailed examination on an industry-specific level.

He confines his comments, however, to a more-general comparison of the Loeb-Magat (L-M. The United States Environmental Protection Agency (EPA) began regulating greenhouse gases (GHGs) under the Clean Air Act ("CAA" or "Act") from mobile and stationary sources of air pollution for the first time on January 2, Standards for mobile sources have been established pursuant to Section of the CAA, and GHGs from stationary sources are currently controlled under the authority of.

The dependent variable in all specifications is the share of private target acquisitions in a given year by a given firm (i.e., number of private target acquisitions divided by the number of all types of acquisitions). 10 Panel A reports the regression specifications without industry dummies, and Panel B does so with industry dummies.

11 We.Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation's government can use to regulate flows from capital markets into and out of the country's capital measures may be economy-wide, sector-specific (usually the financial sector), or industry specific (for example, "strategic" industries).

The economists of the International Monetary Fund want you to know that they can help with, as they titled a book, Getting Energy Prices accuse the world of providing trillions of dollars in annual fossil-fuel "subsidies," not because governments are paying such subsidies but because they are neglecting to impose needed taxes to account for environmental damage.