Political competition and economic regulation by Peter Bernholz, Roland Vaubel

By Peter Bernholz, Roland Vaubel

Utilizing case experiences from the USA, Canada, Germany and Switzerland in addition to the eu Union and the worldwide economic climate, this can be the 1st booklet of its type to check historic facts on how pageant between states ? or the inability of it ? impacts rules, in particular labour marketplace rules. 6 Regulatory pageant and federalism in Switzerland: Diffusion by way of horizontal and vertical interaction7 The drivers of deregulation within the period of globalization; Index

Show description

Read or Download Political competition and economic regulation PDF

Best money & monetary policy books

What Money Really Means

An exploration of the which means and value of cash within the twenty first century, by way of "CBS MarketWatch" columnist Thomas Kostigen. utilizing candid interviews with fashionable fiscal, monetary and religious leaders, American households, criminal inmates, welfare moms and lottery winners to demonstrate his observations, he investigates how cash is made, obtained and wanted in modern society and seeks to spot its worth past its advertisement and fiscal that means.

Financial Markets and European Monetary Cooperation: The Lessons of the 1992-93 Exchange Rate Mechanism Crisis (Japan-US Center UFJ Bank Monographs on International Financial Markets)

Why used to be the ecu financial procedure in 1992-93 swept through waves of disruptive speculative assaults? And what classes emerged from that episode as regards the way forward for the eu financial Union? This e-book offers a finished overview of the reasons and implications of the 1992-93 challenge of the alternate fee mechanism.

Understanding Modern Money:The Key to Full Employment and Price Stability

During this leading edge and intensely sensible e-book, Randall Wray argues that complete employment and cost balance aren't the incompatible ambitions that present fiscal conception and coverage think. certainly, he advances a coverage that will generate real, complete employment whereas concurrently making sure a good higher measure of rate balance than has been completed within the Nineteen Nineties.

Additional info for Political competition and economic regulation

Example text

Formally, the right-hand-side variables are the higher of the federal or state minimum wage, and the city living wage, as well as the city and year (and quarter) dummies. All wage variables are in logs and are converted to hourly equivalents. There is no evidence that the share of the workforce made up of unionized municipal workers – the strong test – is affected by the living wage, irrespective of whether or not a distinction is drawn between low-wage (that is belowmedian) unionized municipal workers and independent of the lags on the living wage and minimum wage arguments.

2001: 33–5), two of the variables selected as instruments (court activities in neighbouring states and the presence of a right to work law) have a substantial regional component relating to the south (the former negatively and the latter positively). T. Addison effect of biasing the results toward finding that wrongful discharge laws lower employment. Accordingly, the appropriate estimation strategy is to give each state its own time trend. In their replication of the Dertouzos and Karoly model including a linear state trend, Autor et al.

Interestingly, Ellwood and Fine also report that in the period before passage of a right-to-work law, union organizing activity is not depressed but is rather somewhat above average. They speculate that such laws may even be passed when unions are becoming stronger. Not dissimilar reasoning can be deployed to explain Taft–Hartley at the national level. That is, the unprecedented wave of strikes in the winter of 1945 and the first half of 1946, coupled with evidence of widespread union racketeering, may have brought about a consensus that the 1935 Act had been too one sided.

Download PDF sample

Rated 4.06 of 5 – based on 39 votes