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Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...
Persistent link: https://www.econbiz.de/10010860227
stems from more intensive competition, manifested through external economies of scale and longer production runs. We finish …
Persistent link: https://www.econbiz.de/10010884525
improved) for patients living in more competitive markets after the introduction of hospital competition in January 2006. Our … results suggest that hospital competition in markets with fixed prices can lead to improvements in clinical quality. …This paper examines whether or not hospital competition in a market with fixed reimbursement prices can prompt …
Persistent link: https://www.econbiz.de/10010884675
integration emerges whether there is Cournot or Bertrand competition in the input market. The degree of integration in the …
Persistent link: https://www.econbiz.de/10010928628
This paper centres around the question of ownership of firms and managerial competition and how these affect managers … affected by both ownership and competition since both ownership structure and competition provide bargaining chips to employees … fierce market competition and no lock-in the allocation of ownership does not play a role (as one might expect), provided …
Persistent link: https://www.econbiz.de/10010928689
This paper presents a model of competition between operators on urban local bus routes in which passengers always board … predictions are consistent with observed features of the on-the-road competition on urban local bus routes. On express coach … competition in practice. …
Persistent link: https://www.econbiz.de/10010928764
competition is weak and/or when (b) family-owned firms pass management control down to the eldest sons (primo geniture). European … firms report lower levels of competition, while French and British firms also report substantially higher levels of primo … market competition and family firms account for about half of the long tail of badly managed firms and up to two thirds of …
Persistent link: https://www.econbiz.de/10010928804
The paper presents the analysis of recent developments of Schumpeterian theory of entrepreneurship and innovation in light of evolutionary economics.
Persistent link: https://www.econbiz.de/10011212782
governance as well as economic and political competition, whereas the role of collaboration mechanisms is growing. This process …
Persistent link: https://www.econbiz.de/10011245928
informational problems. We show that, as a consequence of this trade-off, more intense competition in unregulated segments of the … can lead to a softer merger policy when competition is weaker. …
Persistent link: https://www.econbiz.de/10011252548