Similar Search Results

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

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

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

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

Idiosyncratic Volatility and Product Market Competition

Gaspar, José-Miguel; Massa, Massimo - C.E.P.R. Discussion Papers - 2004

This Paper investigates the link between a firm’s competitive environment and the idiosyncratic volatility of its stock returns. We find that firms enjoying high market power, or established in concentrated industries, have lower idiosyncratic volatility. We posit that competition affects...

Persistent link: https://www.econbiz.de/10005791374

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

The Impact of Competition on Bank Orientation and Specialization

Degryse, Hans; Ongena, Steven - C.E.P.R. Discussion Papers - 2004

How do banks react to increased competition? Recent banking theory offers conflicting predictions about the impact of competition on bank orientation - i.e., the choice of relationship based versus transactional banking - and bank industry specialization. We empirically investigate the impact of...

Persistent link: https://www.econbiz.de/10005661597

The Impact of Competition on Management Quality: Evidence from Public Hospitals

Bloom, Nicholas; Propper, Carol; Seiler, Stephan; Van … - C.E.P.R. Discussion Papers - 2010

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to construct instrumental variables for market...

Persistent link: https://www.econbiz.de/10008468548