Urban growth has emerged as a touchstone policy issue, particularly on the state and local levels, ushering in an unprecedented new wave of growth-management and growth-control legislation. More than a [...]
This paper presents a model of competition in the banking industry based upon the interplay of two factors: the level of capitalization of banks and their ability to monitor different [...]
Rising concerns about traffic congestion, loss of farmland, urban disinvestment, and the costs of public infrastructure have led an increasing number of state and local governments to adopt new policies [...]
The Coase theorem presents two criteria for evaluating regulation: regulations efficiency relative to private solutions and how the regulation affects the distribution of wealth. Previous studies of the impact of [...]
The on-going reform of the Basel Accord relies on three “pillars”: capital adequacy requirements, centralized supervision and market discipline. This article develops a simple continuous-time model of commercial banks’ behavior [...]
A straightforward model of supply and demand is developed to analyze the regulation of a “Competitive “ industry —cosmetology —with demand shifts representing an enhancement of “quality “ and supply [...]
The paper seeks to understand the impact of the patent system on innovation by examining shifts in the strength of patent protection across sixty countries and a 150-year period. An [...]
This article develops an analytic framework for evaluating the effectiveness of regulatory growth management programs. First, the literature review assembles a large body of recent research examining the evolution of [...]
We document the build-up of regulatory and market equity capital in large U.S. bank holding companies between 1986 and 2000. During this time, large banking firms raised their capital ratios [...]
This paper examines the impact that alternative state planning frameworks have on five dimensions of urban development: density, the spatial extent of urbanised land area, property value, public expenditures on [...]