Showing 1 - 10 of 193
What determines the enforcement of deregulation reform of business activities? What are the outcomes of deregulation … variation. 2) The enforcement of deregulation reform was better in regions with a transparent government, low corruption, better … exogenous variation in regulation generated by the interaction of reform and its institutional determinants, we find a …
Persistent link: https://www.econbiz.de/10005667109
This paper examines whether multinational banks have a stabilising or a destabilising role during times of financial distress. With a focus on Europe, it looks at how these banks’ foreign affiliates have been faring during the recent financial crisis. It finds that retail and corporate lending...
Persistent link: https://www.econbiz.de/10008468703
This paper analyzes optimal procurement mechanisms in a setting where the procurement agency has incomplete information concerning the firms' cost functions and cares about quality as well as price. Low type firms are cheaper than high type firms in providing low quality but more expensive when...
Persistent link: https://www.econbiz.de/10009385768
We assess how banking competition will be affected by the process of deregulation and integration in European financial …
Persistent link: https://www.econbiz.de/10005666400
Theoretical IO models of horizontal mergers and acquisitions make the critical assumption of efficiency gains. Without efficiency gains, these models predict either that mergers are not profitable or that mergers are welfare reducing. A problem here is the empirical observation that on average...
Persistent link: https://www.econbiz.de/10005789008
profits. Instead of such an equilibrium, a deregulation race is likely to emerge in which all but the last country repeal … their antitrust laws. The deregulation race results in a chain of Stackelberg leadership positions taken over by national …
Persistent link: https://www.econbiz.de/10005791228
In this paper, we analyse employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labour but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing...
Persistent link: https://www.econbiz.de/10005124008
(deregulation) and improving contractual enforcement (legal reform). Deregulation fosters entry, thereby increasing the number of … deregulation, as it preserves incumbents' rents, while at the same time allowing the less efficient among them to transfer control …
Persistent link: https://www.econbiz.de/10005124360
Product and labour market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with … regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labour …
Persistent link: https://www.econbiz.de/10005136620
This paper analyzes the impact of deregulation and market integration policies on the structure of European banking …
Persistent link: https://www.econbiz.de/10005067386