Friedman (1951) thought the union wage premium was overstated because it can’t be as big as doctors’ extract from occupational licensing

Despite itself, @nzcomcom shows free entry into petrol supply because independents can import as much as they need

Amazon v. France

Why don’t duopolists just collude to replicate the monopoly price

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On the elimination of a permission slip from the government to practice medicine

Source: Quotation of the day on the elimination of a permission slip from the government to practice medicine….. – AEI | Carpe Diem Blog » AEIdeas

Who said mobile phone networks were not contestable?

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Source: New Zealand Commerce Commission.

Numbers of days needed to start a business in high income countries

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Source: Historical Data – Doing Business- World Bank Group.

Number of procedures required to start a business in high income countries

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Source: Historical Data – Doing Business- World Bank Group.

Waiting for the permits to come in: business start-up fees and lost output waiting in Europe and North America

Expediting the processing of permits can actually make quite a difference to firm start-up costs even in countries with few barriers to starting up a business.

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Source: Markus Poschke (2011) Entry regulation: Still costly | VOX, CEPR’s Policy Portal.

Note: The value of time is set to a business day’s output per day of waiting time at 22 business days per month.

Mises on "Wage Earners and Employers"

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