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We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs are a much more complex construct than the existing...
Persistent link: https://www.econbiz.de/10005076839
levels, and that when differences in opportunity costs exit, they can be conveniently represented by fixed costs. Opportunity … the context of the effect of entry on firm selection in a Cournot setting. It is found that inefficient firms are more … induce the exit of low and high cost firms. …
Persistent link: https://www.econbiz.de/10005561413
Using data from the TASS/Tremont hedge fund database, this article performs an empirical analysis of the evolution of the hedge fund industry within an industrial organization framework.
Persistent link: https://www.econbiz.de/10005561436
Este trabajo analiza la entrada y la competencia en servicios de telecomunicaciones, en los que las empresas se diferencian por sus costes hundidos y por la valoración que reciben de los consumidores. En este marco de análisis desaparece el problema de coordinación presente en la literatura...
Persistent link: https://www.econbiz.de/10005076891
In the paper we analyze how the possibility of revealing information to a competitor alters the entry … anticipates that there is a strategic advantage in choosing an initially small scale of entry: in this way it 'commits' itself to … to postpone entry into market. …
Persistent link: https://www.econbiz.de/10005561373
This study analyses the role played by adjustment costs and R&D investment prices in total R&D productivity. The … results show that on average, for each monetary unit increase in adjustment costs produces a fall in productivity of 0 …
Persistent link: https://www.econbiz.de/10005556044
A model is used to study the impact of ownership on productivity and wages. Data on private and public manufacturing in … Turkey during the 1950-1998 period indicate that productivity is higher in the private sector.There is a close relationship … between wages and productivity in the private sector; no such relationship exists in the public sector. …
Persistent link: https://www.econbiz.de/10005561408
industry in most cases, however, has displayed stagnating productivity growth, in some periods even a fall in productivity …. Does this fast-growing industry with a bad productivity record present a threat to aggregate productivity growth and, hence … its own stagnating productivity growth. Moreover, the industry has not yet exhausted opportunities for tackling existing X …
Persistent link: https://www.econbiz.de/10005412877
The introduction of a common monetary policy in eleven European countries increased the need for leading indicators for that area. A reliable leading indicator should possess the following properties: (1) The movements in the indicator series should resemble those in the business cycle reference...
Persistent link: https://www.econbiz.de/10005076700
In this paper we used a data set constructed for a companion paper (Fritsche/Stephan, 2000) where we explored the leading indicator properties of different time series for the German business cycle. Now we test for the ability of different indicator series to forecast recessions by using a...
Persistent link: https://www.econbiz.de/10005076772