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Unemployment and Finance: How do Financial and Labour Market Factors Interact?
Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gael - CESifo - 2009
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...
Persistent link: https://www.econbiz.de/10008596580
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Integrating with their Feet: Cross-Border Lending at the German-Austrian Border
Fidrmuc, Jarko; Hainz, Christa - CESifo - 2008
The financial integration in Europe concentrates on cross-border mergers rather than cross-border lending and emphasizes the need for harmonizing bank regulation and supervision. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft...
Persistent link: https://www.econbiz.de/10005181385
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Banking Supervision in Integrated Financial Markets: Implications for the EU
Stolz, Stéphanie - CESifo - 2002
I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be...
Persistent link: https://www.econbiz.de/10005416491
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Commitment in Symmetric Contests
Possajennikov, Alex - University <Nottingham> / Department of Economics - 2008
The paper proves that in two-player logit form symmetric contestswith concave success function, commitment to a particular strategydoes not increase a player's payo, while in contests with more thantwo players it does. The paper also provides a contest-like game inwhich commitment does not...
Persistent link: https://www.econbiz.de/10005868568
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Strategic bi-sourcing
Beladi, Hamid; Mukherjee, Arijit - University of Texas <San Antonio, Tex.>; University … - 2008
profitable strategyunder both monopoly and product market competition. The incentive for bi-sourcingdepends on the product market … and outside input market competition... …
Persistent link: https://www.econbiz.de/10005868579
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FINANCIAL PREDATION BY THE WEAK
Bougheas, Spiros; Saksit Thananittayaudom - University <Nottingham> / Department of Economics - 2005
We examine a Stackelberg game where a financially constrainedleader faces competition from a ‘deep pocket’ follower. We …
Persistent link: https://www.econbiz.de/10005868761
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COMPETITION, INNOVATION AND WELFARE
Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005
We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …
Persistent link: https://www.econbiz.de/10005868763
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ENTRY IN A STACKELBERG PERFECTEQUILIBRIUM
Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005
This paper considers welfare effects of entry when the incumbent firmbehaves like a Stackelberg leader in the product market. In contrast to previous work(Klemperer, 1988, Journal of Industrial Economics), we show that entry may alwaysincrease welfare. Using general demand function, we show the...
Persistent link: https://www.econbiz.de/10005868767
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IMPERFECTLY COMPETITIVE FINANCE, SENIORITY WAGES AND ECONOMIC GROWTH
Roberts, Mark A. - University <Nottingham> / Department of Economics - 2005
interest rates. A three-period OLG model is presented with monopolistic competition in the finance sector to endogenise the …
Persistent link: https://www.econbiz.de/10005868770