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Deregulation, Integration and Market Structure in European Banking
Gual, Jordi - C.E.P.R. Discussion Papers - 1999
This paper analyzes the impact of deregulation and market integration policies on the structure of European banking …
Persistent link: https://www.econbiz.de/10005067386
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The Diffusion of Development
Spolaore, Enrico; Wacziarg, Romain - C.E.P.R. Discussion Papers - 2006
This paper studies the barriers to the diffusion of development across countries over the very long-run. We find that … Europe. We uncover similar patterns of coefficients for the proximate determinants of income differences, particularly for … culturally transmitted characteristics - can affect income differences by creating barriers to the diffusion of innovations, even …
Persistent link: https://www.econbiz.de/10005666850
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Participation Games: Market Entry, Coordination and the Beautiful Blonde
Anderson, Simon P; Engers, Maxim - C.E.P.R. Discussion Papers - 2005
We find the Nash equilibria for monotone n-player symmetric games where each player chooses whether to participate. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The symmetric Nash equilibrium involves excessive...
Persistent link: https://www.econbiz.de/10005662078
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The Deep Pocket Effect of Internal Capital Markets
Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - C.E.P.R. Discussion Papers - 2009
This paper provides evidence that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, the paper presents three major findings. First, consistent with theoretical predictions, the amount of financial...
Persistent link: https://www.econbiz.de/10005791859
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The European UMTS/IMT-2000 Licence Auctions
Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2001
Europe has taken the global lead in the issuance of third generation (3G) licences for mobile telecommunications …
Persistent link: https://www.econbiz.de/10005792176
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Bank Competition and Enterprise restructuring in Transition Economies
Schnitzer, Monika - C.E.P.R. Discussion Papers - 1998
We investigate how bank competition affects the efficiency of credit allocation, using a model of spatial competition. Our analysis shows that bad loans are more likely the larger the number of banks competing for customers. We study further how many banks will be active if market entry is not...
Persistent link: https://www.econbiz.de/10005067568
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Entrepreneurial innovations and taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2012
Stimulating entrepreneurship is high on the policy agenda of many countries. We study the effects of tax policies on entrepreneurs’ choice of riskiness (quality) of an innovation project, and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset...
Persistent link: https://www.econbiz.de/10011083431
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Supplier Responses to Wal-Mart's Invasion in Mexico
Iacovone, Leonardo; Javorcik, Beata; Keller, Wolfgang; … - C.E.P.R. Discussion Papers - 2011
This paper examines the effect of Wal-Mart's entry into Mexico on Mexican manufacturers of consumer goods. Guided by firm interviews that suggested substantial heterogeneity across firms in how they responded to Wal-Mart's entry, we develop a dynamic industry model in which firms decide whether...
Persistent link: https://www.econbiz.de/10009275963
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Who Profits from Trade Facilitation Initiatives?
Hoekman, Bernard; Shepherd, Ben - C.E.P.R. Discussion Papers - 2013
Extensive research has demonstrated the existence of large potential welfare gains from trade facilitation—measures to reduce the overall costs of the international movement of goods. From an equity perspective an important question is how those benefits are distributed across and within...
Persistent link: https://www.econbiz.de/10011083525
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Procurement with specialized firms
Boone, Jan; Schottmüller, Christoph - C.E.P.R. Discussion Papers - 2011
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