Abstract
Direct regulations have two regimes. In one, all firms behave in the same manner and, in the other, they behave differently. Past work assumed all firms were identical, thereby neglecting the non-monotonicity in comparative statics arising from the regime change.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 315-321 |
| Number of pages | 7 |
| Journal | Economics Letters |
| Volume | 77 |
| Issue number | 3 |
| DOIs | |
| State | Published - Nov 1 2002 |
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics
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