Showing 1 - 10 of 4,054
Persistent link: https://www.econbiz.de/10012602418
We assess the consequences for market quality and welfare of different entry regimes and exchange pricing policies in a context of limited market participation. To this end we integrate a two-period market microstructure model with an exchange competition model with entry in which exchanges...
Persistent link: https://www.econbiz.de/10011954459
I model the strategic interaction between firms, that face decisions on investment, forward contracts and spot market … quantities. For an investment decision that takes place after firms have contracted forward but before firms compete on the spot … market (medium term investment), competition becomes fierce. Thus, the efficiency gains from forward trading found by Allaz …
Persistent link: https://www.econbiz.de/10010426046
countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …
Persistent link: https://www.econbiz.de/10011514596
Persistent link: https://www.econbiz.de/10013071704
We introduce a model of asymmetric competition where two network operators with different investment costs may build an … operator is allowed to enter the market or not, standard access regulation leads to broader infrastructure coverage than co-investment …
Persistent link: https://www.econbiz.de/10012004876
We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by...
Persistent link: https://www.econbiz.de/10012154591
important drivers of the competitiveness of established firms. Conservative estimates suggest that the optimal investment is at … least 0.7 to 2.5 times the actual R&D investment for a firm at the median of the productivity growth and 2 to 4 times for a …
Persistent link: https://www.econbiz.de/10014162662
Persistent link: https://www.econbiz.de/10014439395
This paper builds on Rosen (1981) and Hvide (2002) to provide a simple framework that elucidates the nature of incentives in the tournaments among top executives in both the external managerial labor market for the top executive positions in other companies and within the executives' own firm...
Persistent link: https://www.econbiz.de/10012842651