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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
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
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
government tasks in a globalized economy remain: remedying information asymmetries between buyers and sellers, regulating markets …
Persistent link: https://www.econbiz.de/10011259135
improvements, new product release, entry onto fast growing markets, and exceeding customer expectations. Competition law problems …. Some of the recommended activities may, however, infringe European and Polish competition law. Objections are not raised by …’s recommendations. For market success not to transform into a competition law problem, it is worth remembering the limitations imposed …
Persistent link: https://www.econbiz.de/10011259349
In transposing EU Directive 73/2009/CE on natural gas infrastructures into Italy’s national legislation, the country opted for a Independent Transmission Operator (ITO) model instead of full ownership unbundling. ITO allows the essential facility to be controlled by a vertically integrated...
Persistent link: https://www.econbiz.de/10011259367