منابع مشابه
Harnessing Private-Sector Innovation to Improve Health Insurance Exchanges.
Overhauling the individual health insurance market-including through the creation of health insurance exchanges-was a key component of the Patient Protection and Affordable Care Act's multidimensional approach to addressing the long-standing problem of the uninsured in the United States. Despite succeeding in enrolling millions of Americans, the exchanges still face several challenges, includin...
متن کاملPrivate Global Business Regulation
Regulations that govern the social and environmental impacts of global firms and markets without state enforcement are a relatively new dimension of global business regulation. The growth of such voluntary “civil regulations” reflects both the expansion of legitimate authority in the global economy outside the state and the increasing use of alternative regulatory instruments to govern firms, i...
متن کاملPrivate Liquidity and Banking Regulation
We show that the regulation of bank lending practices is necessary for the optimal provision of private liquidity. In an environment in which bankers cannot commit to repay their creditors, we show that neither an unregulated banking system nor narrow banking can provide the socially e¢ cient amount of liquidity. If the bankers provided such an amount, then they would prefer to default on their...
متن کاملPrivate Money and Banking Regulation ⇤
We show that the regulation of lending practices is desirable for the optimal provision of private money. In an environment in which bankers cannot commit to repay their creditors, neither an unregulated banking system nor a form of narrow banking in which banks hold 100% in reserves can provide the socially efficient amount of money. If bankers provided such an amount, then they would prefer t...
متن کاملPrivate Politics and Public Regulation
Private politics are often introduced by market participants in the absence of public regulation. But when is private politics enough, effi cient, or better than administratively costly public regulation? We present a novel framework in which we can study the interaction between regulation, self-regulation by the firm, and boycotts by the activists in a dynamic game. Our main results are the fo...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2315253