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notion that rising concentration in Europe reflects a more efficient market environment rather than weak competition and … rising market power. …
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notion that rising concentration in Europe reflects a more efficient market environment rather than weak competition and … rising market power. …
Persistent link: https://www.econbiz.de/10012504955
the financial market is incomplete, which I refer to as the ”bank capital channel”. This channel suggests that banks are …
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inefficient allocation. This result is supported by historical data from the German market for balancing power, which show that … market. -- Electricity market ; balancing power ; uniform-price auction ; pay-as-bid auction …
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-allocation across provinces and sectors between 1985 and 2007. We also decompose the overall loss into factor market distortions within …-allocation remained fairly constant. We argue that the recent increase in capital market distortions is related to government policies …
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effect on volume of trade, allocations, and the primary market. Aggregate effects on consumer surplus and welfare are …
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