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Entry and Competition in Differentiated Products Markets

Schaumans, Catherine; Verboven, Frank - C.E.P.R. Discussion Papers - 2011

We propose a methodology for estimating the competition effects from entry when firms sell differentiated products. We … first derive precise conditions under which Bresnahan and Reiss' entry threshold ratios (ETRs) can be used to test for the … presence and to measure the magnitude of competition effects. We then show how to augment the traditional entry model with a …

Persistent link: https://www.econbiz.de/10009003374

Unbundling the incumbent: Evidence from UK broadband

Nardotto, Mattia; Valletti, Tommaso; Verboven, Frank - C.E.P.R. Discussion Papers - 2012

effect on broadband penetration, compared to those areas where the loops are not unbundled. LLU entry instead has a strongly …

Persistent link: https://www.econbiz.de/10011083592

Entry, Cost Reduction and Competition in The Portuguese Mobile Telephone Industry

Gagnepain, Philippe; Pereira, Pedro - C.E.P.R. Discussion Papers - 2005

We study the effect of entry on costs and competition in the Portuguese mobile telephony industry. We construct and … optimistic beliefs about the industry growth. Finally, our results suggest that the entry of a third operator in 1998 led to …

Persistent link: https://www.econbiz.de/10005791373

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

Competition, Cooperation, and Collective Choice

Markussen, Thomas; Reuben, Ernesto; Tyran, Jean-Robert - C.E.P.R. Discussion Papers - 2012

The ability of groups to implement efficiency-enhancing institutions is emerging as a central theme of research in economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma situation. Experimental results show that the...

Persistent link: https://www.econbiz.de/10011084279

The Impact of Organizational Structure and Lending Technology on Banking Competition

Degryse, Hans; Laeven, Luc; Ongena, Steven - C.E.P.R. Discussion Papers - 2007

Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A hierarchically organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information. We investigate theoretically and empirically how bank...

Persistent link: https://www.econbiz.de/10005136523

"Lending by Example": Direct and Indirect Effects of Foreign Banks in Emerging Markets

Giannetti, Mariassunta; Ongena, Steven - C.E.P.R. Discussion Papers - 2008

Using a novel dataset that allows us to trace the primary bank relationships of a sample of mostly unlisted firms, we explore which borrowers are able to benefit from foreign bank presence in emerging markets. Our results suggest that the limits to financial integration are less tight than the...

Persistent link: https://www.econbiz.de/10005497713

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

Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets

Giannetti, Mariassunta; Ongena, Steven - C.E.P.R. Discussion Papers - 2005

entry. This finding suggests that foreign banks can help mitigate connected lending problems and improve capital allocation. …

Persistent link: https://www.econbiz.de/10005666993

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