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priorities: (1) the gains in terms of matching seem limited, because the equilibrium allocation is not very different from a …
Persistent link: https://www.econbiz.de/10011084223
This paper addresses a number of questions which are essential to a proper understanding of the causes and effects of the inflationary process and to an assessment of the contribution of monetary policy to the achievement of long-term price stability. These questions are: (1) what are the...
Persistent link: https://www.econbiz.de/10005661822
The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the new cloths, patterns and designs became increasingly fashionable. However, high silver wages in Britain as a result of high productivity in other tradable goods and services,...
Persistent link: https://www.econbiz.de/10005662364
enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …
Persistent link: https://www.econbiz.de/10009359485
pricing strategy of firms. Educating consumers may do more harm than good and should thus only be considered if the regulator …
Persistent link: https://www.econbiz.de/10009367427
critical size, and competition to reach a critical level of intensity. By allowing an economy to produce a greater variety of …
Persistent link: https://www.econbiz.de/10005041097
We examine the firm- and country-level determinants of the currency denomination of small business loans. We first model the choice of loan currency in a framework which features a trade-off between lower cost of debt and the risk of firm-level distress costs, and also incorporates the impact of...
Persistent link: https://www.econbiz.de/10008496451
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 … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …
Persistent link: https://www.econbiz.de/10008468548
competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust …
Persistent link: https://www.econbiz.de/10008468606
How many cartels are there? The answer is important in assessing the efficiency of competition policy. We present a … industry or not. Our model identifies key policy parameters from data generated under different competition policy regimes and …
Persistent link: https://www.econbiz.de/10008468608