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In this paper we re-examine empirically the Structure-Conduct-Performance relationship between concentration and profitability using new data on Russia that allow us to overcome the endogeneity problem of market structure and expand on the traditional analysis in several ways. The analysis...
Persistent link: https://www.econbiz.de/10005124424
infrastructure to the transition process. In addition to the direct cost savings, infrastructure investment generates important … indirect effects, or transition impacts. The model shows that, by reducing transaction costs, infrastructure intensifies … importance of these transition impacts of infrastructure depends on features of the economy, such as the degree of cost asymmetry …
Persistent link: https://www.econbiz.de/10005667044
The paper analyses the transition in Russia through a theoretical model in which job-to-job mobility plays a crucial …
Persistent link: https://www.econbiz.de/10005792166
the transition. The Czech Republic and Hungary have had some success moving into the production and export of more …
Persistent link: https://www.econbiz.de/10005123672
Transition economies have an initial condition of high human capital relative to GDP per capita, giving them high … economics from transition economics. …
Persistent link: https://www.econbiz.de/10005124062
Barter in Russia can be explained by firms' liquidity constraint: it is strongly correlated with financial tightness. However, a microeconomic analysis reveals that the rationale behind this liquidity constraint is different according to the firm situation. For firms in a good economic...
Persistent link: https://www.econbiz.de/10005114427
evolution of unemployment together with that of inflows into unemployment and vacancies. The comparison of the transition …
Persistent link: https://www.econbiz.de/10005656270
Business services firms are increasingly under pressure from foreign competition. We develop an oligopolistic competition model that studies the effect of trade liberalization on exit and sectoral restructuring in the business services sector. We assume that firms are heterogeneous in their...
Persistent link: https://www.econbiz.de/10008692315
Platforms use search diversion in order to trade off total consumer traffic for higher revenues derived by exposing consumers to products other than the ones that best fit their preferences. Our analysis yields three key and novel insights regarding search diversion incentives, which have direct...
Persistent link: https://www.econbiz.de/10011084110
We utilize a unique database from a large legal services provider to examine how service quality responds to the firm's available capacity and workload, and to the nature of the firm-client relationship. We develop empirical measures of both the (internal) level of resources available to the...
Persistent link: https://www.econbiz.de/10011262890