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Entry Mistakes
Cabral, Luís M B - C.E.P.R. Discussion Papers - 1997
Frequently, aspiring entrants have only limited information about their potential rivals’ entry decisions. As a result, the outcome of the entry game may be that more firms enter than the market can sustain; or, at least, that unnecessary entry investments are made. We refer to these outcomes...
Persistent link: https://www.econbiz.de/10005662244
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Strategic Search Diversion, Product Affiliation and Platform Competition
Hagiu, Andrei; Jullien, Bruno - C.E.P.R. Discussion Papers - 2013
. Third, the effect of platform competition on search diversion incentives depends on the nature of competition. Competition … for advertising leads to more search diversion relative to competition for consumers. Both types of competition lead to at …
Persistent link: https://www.econbiz.de/10011084110
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Resistance to Technology Adoption: The Rise and Decline of Guilds
Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2013
This paper analyzes the decision of a group of specialized workers to form a guild and block the adoption of a new technology that does not require their specialized input. The theory predicts an inverted-U relation between guilds and market size: for small markets, firm profits are insufficient...
Persistent link: https://www.econbiz.de/10011083603
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The Evolution of Markets and the Revolution of Industry: A Quantitative Model of England's Development, 1300-2000
Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2009
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
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Effects of Deregulation and Vertical Unbundling on the Performance of China's Electricity Generation Sector
Gao, Hang; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2011
We study whether the 2002 deregulation and vertical unbundling of the Chinese electricity sector has boosted productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and for firm-fixed effects, we find deregulation to be...
Persistent link: https://www.econbiz.de/10009385757
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What Anti-Corruption Policy Can Learn from Theories of Sector Regulation
Estache, Antonio; Wren-Lewis, Liam - C.E.P.R. Discussion Papers - 2010
This paper reviews the theories of corruption in regulated sectors to further understand the impact of corruption and the ways in which it can be reduced. The aim is to draw out the policy implications of the different theoretical approaches and to examine the support that can be garnered for...
Persistent link: https://www.econbiz.de/10008683530
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Reliability and Competitive Electricity Markets
Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 2007
This paper seeks to bridge the gap between economists focused on designing competitive market mechanisms and engineers focused on the physical attributes and engineering requirements they perceive as being needed for operating a reliable electric power system. The paper starts by deriving the...
Persistent link: https://www.econbiz.de/10005788956
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Testing the "Waterbed" Effect in Mobile Telephony
Genakos, Christos D.; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2009
phones. Under quite general conditions of competition, theory suggests that lower termination charges will result in higher …%, this also led to a 5% increase in mobile retail prices. We also provide evidence that both competition and market …
Persistent link: https://www.econbiz.de/10008502574
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Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry
Zingales, Luigi - C.E.P.R. Discussion Papers - 1998
This paper studies the impact that capital market imperfections have on the natural selection of the most efficient firms by estimating the effect of the pre-deregulation level of leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged carriers are less likely...
Persistent link: https://www.econbiz.de/10005504576
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Competition Through Fares and Fare Accesses on the Air Transport Market
Marsan, Martino Ajmone; Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1993
European Community have been removed. This paper concentrates on the effects of increased competition on fare behaviour. It …, North Africa, Middle East). Using an index of competitive pressure on Alitalia, we find that competition is stronger in the … EC than elsewhere in the medium-range markets. Moreover, increases in the degree of competition cause average fares to …
Persistent link: https://www.econbiz.de/10005661899