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of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries. …
Persistent link: https://www.econbiz.de/10005486704
This paper provides an introduction to the economic analysis of R&D cooperation among firms. Basing on some stylized facts, we survey the relevant theoretical literature in order to discuss the benefits and the costs that firms face when they cooperate in R&D. We then analyze the pros and the...
Persistent link: https://www.econbiz.de/10011105128
The multimarket contact hypothesis holds that more contacts between firms competing in the same markets may induce more collusion. This paper tests the hypothesis for the Italian banking market, analysing the behaviour of the largest Italian banks from 1990 to 1996. Market rivalry is gauged by...
Persistent link: https://www.econbiz.de/10005609349
The multimarket contact hypothesis holds that more contacts between firms competing in the same markets may induce more collusion. This paper tests the hypothesis for the Italian banking market, analysing the behaviour of the largest Italian banks from 1990 to 1996. Market rivalry is gauged by...
Persistent link: https://www.econbiz.de/10005671382
We investigate the role of information spillovers (IS) in determining firms' labor adjustments. We test the proposition that information on relevant state variables spills over through one firm's decision th those of other firms, assuming that spillovers matter only among frims that are both...
Persistent link: https://www.econbiz.de/10005671392
efficient bargaining in the labour market. Using industry data for ten EU countries we find that, without controlling for … changes in the rent sharing, mark-up estimates tend to increase in the 1990s. However, once we assume efficient bargaining in … reflects the declining shares of rents accruing to workers as a result of their diminished bargaining power. The evidence is …
Persistent link: https://www.econbiz.de/10008764020
This study examines price setting behaviour of Italian firms on the basis of the results of a survey conducted by Banca d�Italia in early 2003 on a sample of around 350 firms belonging to all economic sectors. Prices are mostly fixed following standard mark-up rules, although...
Persistent link: https://www.econbiz.de/10005113548
This paper investigates the microeconomic behaviour of consumer prices in Italy using the individual price records underlying the Italian CPI dataset collected by Istat. We discuss how to analyse price stickiness using such a detailed database and compute a quantitative measure of the...
Persistent link: https://www.econbiz.de/10005113558
We assemble an original panel of 2,500 restaurant prices in Italy over the period 1998-2004 to study whether, and through which channels, the introduction of euro coins and banknotes had an impact on individual pricing behaviour. We reach three conclusions. Firstly, the evidence suggest that the...
Persistent link: https://www.econbiz.de/10005113562
This paper investigates the relationship between exchange rate fluctuations and the investment decisions of a sample of Italian manufacturing firms. The results support the view that a depreciation of the exchange rate has a positive effect on investment through the revenue channel, and a...
Persistent link: https://www.econbiz.de/10005640935