Showing 1 - 10 of 127
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
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
Little is known about how competition affects child care centers’ quality. This paper examines the impact of … competition on the quality of Dutch child care centers. The results show that high density of child care centers in an area … or births in the area are used to instrument the density of child care centers. The effects of competition are exclusive …
Persistent link: https://www.econbiz.de/10011213524
supervisory data set, this paper investigates competition and efficiency in the Dutch life insurance market by estimating unused … economies decrease but substantial differences between small and large insurers remain. A direct measure of competition confirms … that competitive pressures are at a lower level than in other markets. We do not observe any impact of increased …
Persistent link: https://www.econbiz.de/10011213528
range from 5% to 10%. To measure competition directly, we apply a novel approach that estimates the impact of marginal costs … as indicator of inefficiency on either market shares or profits. Over time, competition in health insurance has increased … fall in the average level of competitive pressure. After the reform, competition continued to improve. In the non …
Persistent link: https://www.econbiz.de/10011213541
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
The debate on competition and innovation has produced a wide range of theoretical and empirical findings. Recently …, corporate governance quality has emerged as an additional factor that may complement or substitute for competition’s effect on … innovation. We aim to contribute to the debate by investigating whether product-market competition and corporate governance …
Persistent link: https://www.econbiz.de/10011258940
approach ignores both the competition between oil companies, and the large geographical differences. The paper concludes by …
Persistent link: https://www.econbiz.de/10011259029
. Empirical evidence suggests that emerging markets, as well as European countries such as Italy, Sweden or Germany have ….Corporate financing patterns in emerging markets in the 1990s were broadly similar to those observed in the 1980s. Unlike their … held beliefs, product market competition in emerging countries is no less intense than in advanced economies. …
Persistent link: https://www.econbiz.de/10011259047