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Registros recuperados: 13
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Accountability in Government and Regulatory Policies: Theory and Evidence AgEcon
Guerriero, Carmine.
Revised version of paper added 01/16/09
Tipo: Working or Discussion Paper Palavras-chave: Election; Agency; Judges; Regulation; Electricity; K23; L51; Q43.
Ano: 2008 URL: http://purl.umn.edu/37849
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An Assessment of the EPA's SO2 Emission Allowance Tracking System AgEcon
Lile, Ronald D.; Bohi, Douglas R.; Burtraw, Dallas.
On November 8, 1996, various Environmental Protection Agency (EPA) officials, scholars and industry representatives gathered at Resources for the Future (RFF) to examine the EPA's method for classifying private SO2 allowance transactions by the Allowance Tracking System (ATS). The one-day workshop at RFF was designed to evaluate how well the EPA's classification scheme within the ATS currently meets the needs of constituencies with a vested interest in the allowance trading system, and to determine if other classifications would be more beneficial. The EPA has limited its collection of information to that which is necessary to ensure compliance with environmental goals. In particular, the EPA has interpreted its mission to be one of minimal interference in...
Tipo: Working or Discussion Paper Palavras-chave: Transaction costs; Regulated industries; Electric utilities; Emissions; Environmental Economics and Policy; D23; D49; H70; K23; L94; Q25.
Ano: 1996 URL: http://purl.umn.edu/10890
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ASYMMETRY IN RAW MILK SAFETY PERCEPTIONS AND INFORMATION: IMPLICATIONS FOR RISK IN FRESH PRODUCE MARKETING AND POLICY AgEcon
Knutson, Ronald D.; Currier, Russell W.; Ribera, Luis A.; Goeringer, L. Paul.
Scientific evidence clearly indicates that consumption of raw milk carries substantial disease-inducing health risks. While federal U.S. policy mandates that milk moving in interstate commerce be pasteurized; within 41 of 50 states, raw milk can be obtained for consumption. Warning labels notwithstanding, a segment of U.S. consumers pays higher prices for higher-risk raw milk than for either organic or conventional milk. The behavioral factors leading to raw milk consumption are explored. The paternalistic regulatory options for reducing the risk associated with drinking raw milk are identified. Implications for fresh produce sold directly from farms to consumers or through farmers markets are drawn.
Tipo: Conference Paper or Presentation Palavras-chave: Raw milk; Pasteurization; Health risks; Behavioral economics; Bounded rationality; Paternalistic regulations; Public health; HACCP; GLOBALG.A.P.; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; A12; A13; A14; D11; D18; D46; D71; D78; D82; I18; K23; K32; Q11; Q18.
Ano: 2010 URL: http://purl.umn.edu/116440
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Bringing "Honest Capital" to Poor Borrowers: The Passage of the Uniform Small Loan Law, 1907-1930 AgEcon
Carruthers, Bruce G.; Guinnane, Timothy W.; Lee, Yoonseok.
The Uniform Small Loan Law (USLL) was the Russell Sage Foundation’s primary device for fighting what it viewed as the scourge of high-rate lending to poor people in the first half of the twentieth century. The USLL created a new class of lenders who could make small loans at interest rates exceeding those allowed for banks under the normal usury laws. About two-thirds of the states had passed the USLL by the 1930. This paper describes the USLL and then uses econometric models to investigate the state characteristics that influenced the law’s passage. We find that urbanization and state-level economic characteristics played significant roles. So did measures of the state’s banking system. We find no evidence that party-political affiliations had any effect,...
Tipo: Working or Discussion Paper Palavras-chave: Uniform law; Small loans; Consumer credit; Usury laws; Consumer/Household Economics; Financial Economics; Political Economy; N21; N22; I38; G21; G28; K23.
Ano: 2009 URL: http://purl.umn.edu/50949
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Civil Liability, Safety and Nuclear Parks: Is Concentrated Management Better? AgEcon
Mondello, Gerard.
Ultra-hazardous risky activities as nuclear industry cannot be considered as “normal industries” i.e. industries without abnormal environmental and health risks. Consequently, the industrial organization of these specific sectors is of the utmost importance. This paper aims at studying this question. We focus on the associated costs of prevention and civil liability. We analyze how civil liability rules may contribute to extend or to discourage the expansion of nuclear parks to new operators. The paper compares the consequences of extending the management of nuclear stations to several independent operators. This question can apply to the unification process of the European electricity market in which several public and private nuclear power operators are...
Tipo: Working or Discussion Paper Palavras-chave: Strict Liability; Electric Energy; Nuclear Plants; Resource /Energy Economics and Policy; Q5; Q58; Q53; K23; L13; L52; L94.
Ano: 2011 URL: http://purl.umn.edu/102571
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Contracting for Environmental Property Rights: The Case of Vittel AgEcon
Depres, Christophe; Grolleau, Gilles; Mzoughi, Naoufel.
Based on an authentic case of contracting for environmental property rights, our paper shows several implications of applying the Coase’s propositions. The case study adds empirical content to basic transaction costs concepts by analyzing the design and implementation of a contractual arrangement between a pollutee –a bottler of mineral water Vittel– and several polluting farmers. We analyze the bargaining between land and water rights owners and the bottler Vittel to determine how transaction cost issues (valuation disputes, bi-lateral monopoly conditions, and third-party effects) were overcome and how they succeeded in contracting for environmental property rights. We provide several comparisons of the Vittel case with other similar cases, leading to...
Tipo: Conference Paper or Presentation Palavras-chave: Case study; Contracting; Environmental property rights; Environmental-related transactions; Private arrangement; Vittel; Environmental Economics and Policy; H23; K23; Q15; Q25.
Ano: 2005 URL: http://purl.umn.edu/24729
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Do Competition and Ownership Matter? Evidence from Local Public Transport in Europe AgEcon
Boitani, Andrea; Nicolini, Marcella; Scarpa, Carlo.
This paper investigates how the ownership and the procedure for the selection of firms operating in the local public transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative analysis of 72 companies operating in large European cities. This allows us to consider firms selected either through competitive tendering or negotiated procedures. The analysis of the data on 77 European firms over the period 1997-2006 indicates that firms operate under constant returns to scale. Retrieving the residuals we obtain a measure of total factor productivity, which we regress on firm and city characteristics. We find that when firms are totally or partially in public hands their productivity is lower....
Tipo: Working or Discussion Paper Palavras-chave: Local Public Transport; Public Ownership; Translog Production Function; Financial Economics; C33; K23; L25; L33; L91.
Ano: 2010 URL: http://purl.umn.edu/59392
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Forest-Mill Integration: A Transaction Costs Perspective AgEcon
Niquidet, Kurt; O'Kelly, Glen.
In Canada, where public ownership of forestland is prevalent, a central decision facing policy makers is how to allocate timber resources to private forest companies. Debates tend to focus around what proportion of the annual harvest should be devoted to markets opposed to long-term contracts. To give a guide to policy makers, we surveyed forest firms from New Zealand and Sweden where this decision is based purely on a commercial basis. On average, mills source fifty percent of their fibre from the market. However, using a fractional logit model, we test whether theories from transaction cost economics influence this decision. Results are consistent with transaction cost economics; firms decrease the proportion of fibre sourced from a market with...
Tipo: Working or Discussion Paper Palavras-chave: Transaction costs; Forest tenure; Vertical integration; Environmental Economics and Policy; Resource /Energy Economics and Policy; D23; K23; L22; L73.
Ano: 2008 URL: http://purl.umn.edu/37086
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On the Accuracy of Regulatory Cost Estimates AgEcon
Harrington, Winston; Morgenstern, Richard D.; Nelson, Peter.
This study compares ex ante estimates of the direct costs of individual regulations to ex post assessments of the same regulations. Our review of more than two dozen environmental and occupational safety regulations indicates that ex ante estimates of total (direct) costs have tended to exceed actuals. We find this to be true of 12 of the 25 rules in our data set, while for only 6 were the ex ante estimates too low. The overestimation of total costs is often due to errors in the quantity of emission reductions achieved by the rule which, in turn, suggest that the rule's benefits may also be overestimated. The quantity errors are driven by both baseline and compliance issues. At least for EPA and OSHA rules, overestimation of per-unit abatement costs occurs...
Tipo: Working or Discussion Paper Palavras-chave: Environmental costs; Costing accuracy; Innovation and regulation; Demand and Price Analysis; D82; K23; Q28.
Ano: 1999 URL: http://purl.umn.edu/10894
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Prepared for Bioterrorism Events? A Study of the Grain and Oilseed Sector AgEcon
Wailes, Eric J.; Carreira, Rita I.; Danforth, Diana M.; Nemane, Vivek.
One of the most crucial problems facing the U.S. economy is the possibility of a terrorist attack on its food sector. The implications can be profound for its stakeholders, who are highly dependent on this sector for their economic livelihood as well as their food supplies. The U.S. Bioterrorism Act of 2002 was enacted to improve the ability of the United States to prevent, prepare for and respond to bioterrorism and other public health emergencies. One of the important features of the U.S. Bioterrorism Act of 2002 is its emphasis on prevention, a change from prior legislation that focused on punishments after an incidence had occurred. The U.S. Bioterrorism Act does not address food safety issues in general; its focus is to prevent intentional...
Tipo: Conference Paper or Presentation Palavras-chave: Bioterrorism; Grain and oilseed sector; Bioterrorism Act of 2002; NC-1016; Agribusiness; Agricultural and Food Policy; Marketing; Political Economy; I18; K23; Q13; Q18.
Ano: 2011 URL: http://purl.umn.edu/103867
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Regulation and supervision of microfinance in Albania AgEcon
Hoxhaj, Rezart.
This paper describes important regulation issues that concern microfinance. It starts by considering literature on how and why to regulate and supervise microfinance. Considering the specific case of microfinance in Albania, it analyzes the context of this industry and some particular issues that might influence its growth. Related regulation in Albania seems to be not activity–oriented since a real definition of microfinance is lacking in the Albanian law. Therefore, Albanian microfinance sector needs, first of all, a microcredit and microfinance definition to implement the right development policies and avoid confusion and license misuse. Moreover, the regulatory framework seems to be too restrictive for institutions supposed to be engaged in...
Tipo: Journal Article Palavras-chave: Microfinance institution; Regulation; Supervision; Credit union; Non-bank financial institution.; Financial Economics; G21; G28; K23.
Ano: 2010 URL: http://purl.umn.edu/95971
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The Role of Economic and Legal Analysis in the GIPSA Rules Debate AgEcon
Ferrell, Shannon L.; Rumley, Elizabeth.
Tipo: Journal Article Palavras-chave: GIPSA; Packers and Stockyards Act; Market Concentration; Alternative Marketing Arrangement; Administrative Procedure Act; Agricultural and Food Policy; Livestock Production/Industries; Q13; Q18; K23.
Ano: 2011 URL: http://purl.umn.edu/99801
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Unilateral and Exclusionary/Strategic Effects of Common Agency: Price Impacts in a Repeated Common Value English Auction AgEcon
Coatney, Kalyn T.; Shaffer, Sherrill L.; Menkhaus, Dale J.; Scheer, Jennifer L..
The business justification for multiple principals to hire a common agent is efficiency. Our empirical study demonstrates that the creation of the common agent unilaterally depresses winning bids. Additionally, the common agent was not only observed to be the dominant bidder but also paid significantly lower prices than fringe competitors (price/quantity differential). The observed price/quantity differential is consistent with the almost common value English auction theory developed by Rose and Kagel (2008) in which a cost advantaged bidder is able to reduce competition by credibly raising the costs of disadvantaged rivals associated with the winner’s curse.
Tipo: Working or Discussion Paper Palavras-chave: Common Value Auctions; Common Agency; Antitrust; Industrial Organization; D44; K21; K23.
Ano: 2010 URL: http://purl.umn.edu/56529
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