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Competition, Regulation and Managerial Incentives

De Fraja, Gianni; Iossa, Elisabetta - C.E.P.R. Discussion Papers - 1994

This paper examines the effects of a competitive fringe on a regulated firm. Using Hart's (1983) model, we show that competition weakens the managerial incentives for cost reduction: when there is correlation between the cost levels of the firms in the industry, costs are higher in the regulated...

Persistent link: https://www.econbiz.de/10005067523

Entry, Pricing and Incentives: The Role of Regulatory Commitment

De Fraja, Gianni - C.E.P.R. Discussion Papers - 1994

This paper studies the optimal regulatory policy in a market where entry may occur. The regulator regulates the … incumbent, but not the entrant in the event of entry. We show that the effect of entry on prices and incentives for cost … outcome following entry is less competitive than it would be without the possibility to commit: price is higher and incentives …

Persistent link: https://www.econbiz.de/10005067561

Deregulation of Business

Yakovlev, Evgeny; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2007

substantial positive effect of deregulation on net entry and small business employment and no effect on pollution and public …

Persistent link: https://www.econbiz.de/10005667109

Asymmetric Information, Agency Costs and Innovative Entry

Audretsch, David B - C.E.P.R. Discussion Papers - 1994

The decision of how best to appropriate the value of new economic knowledge is reached by individuals within the context of the decision-making process embedded in the principal-agent model and applied to organizations. Because new economic knowledge is not only imperfect but also inherently...

Persistent link: https://www.econbiz.de/10005791501

Price Competition, Innovation and Profitability: Theory and UK Evidence

Symeonidis, George - C.E.P.R. Discussion Papers - 2001

This Paper examines the effect of price competition on innovation, market structure and profitability in R&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation counts and profitability over 1952-77. The...

Persistent link: https://www.econbiz.de/10005666839

An Applied Econometrician's View of Large Company Performance

Geroski, Paul A - C.E.P.R. Discussion Papers - 1998

This paper contains a brief survey of recent empirical work on the performance of large companies. It tries to pull together the literature in the form of six stylized facts, illustrating them with data drawn from a single sample. The paper concludes by highlighting the issues which are thrown...

Persistent link: https://www.econbiz.de/10005789166

Innovation scoring no sector de serviços de saúde: um estudo de caso [Innovation scoring in the sector health services: a case study]

Maia, Maria João - Centro de Investigação em Inovação Empresarial e do … - 2011

Nowadays, innovation has been understood as an overall strategy for a company. Thus, it should remain adapted, flexible and responsive to the market changes, where the company operates. For a company to succeed in the innovation process, it should be clear about their position on this issue....

Persistent link: https://www.econbiz.de/10010615655