Each year, 115 million tons of coal combustion products (CCPs) are produced in the United States, 90% of them by electric utilities. CCPs are mainly ash, usually mixed with wastes from pollution control scrubbers (consisting of particulate matter and neutralizing lime), coal piles, and other sources. In 1993, the U.S. Environmental Protection Agency (EPA) exempted pure coal ash from Subtitle C ...

We analyze the problem of eliminating an inefficient regulation, such as protection, in a dynamic model in which there is incomplete information and unanimous approval from all parties involved is necessary. Existing firms have heterogeneous cost, and efficiency requres some of them to shut down when the inefficient regulation is eliminated. The government can set up a revelation mechanism, giv...

In late 1988, the Indonesian government adopted a number of reforms aimed at deregulating the country's banking sector.' Since the reforms, Indonesia's banking system has been undergoing a transformation from an inefficient system dominated by a relatively small number of state-owned banks, to a more volatile system, in which competition among state and privately owned banks is encouraged.' Thi...

ing from its dynamic effects on the economy, the potential benefits from deregulation of an inefficiently regulated sector may be illustrated in a simplified scheme first worked out by Harberger (1954) for the estimation of welfare losses from monopoly20. In this case, the Harberger measure of welfare loss corresponds to that part of the reduction in consumer surplus which is not appropriated b...

Analysis of banks total factor productivity by aggregate level - The breeze deregulation in the managing an account frameworks

Introduction Much of what has been called in the Economics literature “natural” monopolies is now evolving into varying forms of open competition. Such development raises interesting questions for pricing, appropriate extent of deregulation, and in particular the use of market information by different stakeholders. Monopolies that depend on legislation to be sustainable, whenever deregulated, w...

In this article, we investigate the deregulation efforts resulting from 2015 transposition of EU’s Transparency Directive into German law and analyze whether a reduction in minimum content requirements for quarterly reporting increases information asymmetries decreases firm value. Using novel dataset firms that are listed on Frankfurt Stock Exchange, our results reveal over period 2012 to 2019,...