Occupational licensing regulations are common across many service sectors, including health, education, transportation, and legal services. These regulations affect up to 20-30% of workers in both the U.S. and Europe, with considerable variation across states and countries; see for example Kleiner and Krueger (2010, 2013) and Koumenta and Pagliero (2019). General education and training requirements […]

Microeconomic Insights

29.03.2025

Does Pricing Carbon Mitigate Climate Change? | Microeconomic Insights

The unchecked accumulation of greenhouse gas emissions is one of the starkest examples of market failure worldwide. Despite the high costs they impose on society through climate change, these externalities remain largely unpriced in economic decision-making. In theory, market-based regulatory instruments—such as carbon pricing—have the potential to mitigate climate change at the lowest cost to […]

Microeconomic Insights

09.04.2025

Ownership concentration and strategic supply reduction | Microeconomic Insights

In March 2016, the Federal Communications Commission launched one such auction, the most complex spectrum auction it had ever conducted. The agency was seeking to solve a bedeviling problem. The rapid growth in data and video usage by smartphone users had significantly increased the demand for mobile broadband spectrum. Much of that spectrum, however, was […]

Microeconomic Insights

29.04.2025

The race between automation and new work | Microeconomic Insights

Casual observation and historical evidence suggest this picture is incomplete: as employment in previously labor-intensive sectors such as agriculture, textiles, mining, and manufacturing has eroded, new varieties of labor-demanding activities have emerged, including in medicine, software, electronics, healthcare, finance, entertainment, recreation, and personal care. These new forms of work require specialized human expertise, making them […]

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Microeconomic Insights

Economy

Private monopoly and restricted entry | Microeconomic Insights

Does Pricing Carbon Mitigate Climate Change? | Microeconomic Insights

Ownership concentration and strategic supply reduction | Microeconomic Insights

The race between automation and new work | Microeconomic Insights

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