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This paper empirically estimates the effects of a new thin-capitalization rule on the financing behavior of German corporations employing a fixed effects difference-in-difference approach. We compare treatment and control groups separated by a hypothetical application of the new rule in three...
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To control Medicaid's increasing expenditure on reimbursement of outpatient prescription drugs, the Omnibus Budget Reconciliation Act of 1990 included a rebate program that featured a most favored customer (MFC) clause. This clause guarantees that Medicaid gets a fixed rebate on each unit of...
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. -- dominant firm ; monopoly with fringe ; sequential moves …
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Microsoft's monopoly as it was claimed by the courts within their 'applications barrier to entry' theory. I claim that current … courts' underlying economic paradigm regarding the assessment of monopoly power in 'New Economy Network Markets' was strongly … influenced by BRIAN W. ARTHUR's theory of path dependence claiming (1) that high-technology markets being subject to network …
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We investigate the effect of banning resale-below-cost offers. There are two retailers with heterogeneous bargaining positions in relation to a monopolistic manufacturer. Each retailer sells two goods: one procured from the monopolistic manufacturer and the other, from a competitive fringe. In...
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