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The much-studied relationship between domestic rivalry and export performance consists of those supporting a national-champion rationale, and those supporting a rivalry rationale. While the empirical literature generally supports the positive effects of domestic rivalry, the national-champion...
Persistent link: https://www.econbiz.de/10005662088
. The assumption that airlines compete on price allows us to take advantage of the observational equivalence between …
Persistent link: https://www.econbiz.de/10011165655
We start from an aggregate random coefficients nested logit (RCNL) model to provide a systematic comparison between the tractable logit and nested logit (NL) models with the computationally more complex random coefficients logit (RC) model. We first use simulated data to assess possible...
Persistent link: https://www.econbiz.de/10009322976
stage, with a price-setting market game to follow in the second stage. Using data for eight European airlines from 1976 …
Persistent link: https://www.econbiz.de/10005124345
-reducing effort. Using a non-nested test and observations on the largest European airlines between 1985 and 1999, we show the …
Persistent link: https://www.econbiz.de/10005667136
and Tirole (1984). We then estimate this model – demand, cost (short- and long-run), and conduct – for the European …-cat strategy. In other words, European airlines over-invest in capacities in order to be less aggressive. Moreover, we find that …
Persistent link: https://www.econbiz.de/10005123777
an EU directive intends, from charging differential prices to airlines? Our major findings are: (a) an increase in … regime between airlines and whether airports can price discriminate: airline concentration reduces the landing fee when …
Persistent link: https://www.econbiz.de/10008854469
This Paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that a net revenue maximizing government has a stronger incentive to restructure than a profit maximizing acquiring firm: A restructuring firm only takes into...
Persistent link: https://www.econbiz.de/10005792109
Armchair evidence shows that many industries are made of a few big commercial or manufacturing firms, which are able to affect the market outcome, and of a myriad of small family-run businesses with very few employees, each of which has a negligible impact on the market. Examples can be found in...
Persistent link: https://www.econbiz.de/10005048555
We analyse the determinants of opposition to biotechnology and pharmaceutical patents granted by the European Patent Office between 1978–96. Opposition can be considered an early form of patent validity challenge suit. In our sample, 8.6% of the patents are attacked in opposition proceedings....
Persistent link: https://www.econbiz.de/10005791233