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Coordination Failure Diagnostics (CFD) is a model that analyses real market processes with the help of time pattern analysis and investigates whether they operate efficiently (See www.wiwi.uni-muenster.de/cfd). The CFD cartel-audit should enable the detection of cartels via characteristic market...
Persistent link: https://www.econbiz.de/10005076883
Recent studies have compared labor losses in import-competing industries with the costs of protection and found that those losses are not large enough to justify trade restraints. This study develops a new technique for estimating the costs and benefits of protection and provides a complete...
Persistent link: https://www.econbiz.de/10005119343
establishing financial conglomerates. Other banks and non-bank providers in Mexico and the UK sought to create co-operative …
Persistent link: https://www.econbiz.de/10005408390
We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and spot prices for twelve products. These time series contain two exogenous cost shocks. We find that prices exhibit more rigidity in response to the second shock than the first. The...
Persistent link: https://www.econbiz.de/10005412696
The paper analyzes voluntary Free Software/Open Source Software (FS/OSS) organization of work. The empirical setting considered is the Debian GNU/Linux operating system. The paper finds that the production process is hierarchical notwithstanding the modular (nearly decomposable) architecture of...
Persistent link: https://www.econbiz.de/10005412868
This paper challenges the conventional wisdom that the 1960s conglomerates were inefficient. I offer valuation results consistent with recent event-study evidence that markets typically rewarded diversifying acquisitions. Using new data, I compute industry-adjusted valuation, profitability,...
Persistent link: https://www.econbiz.de/10005412958
We empirically test some implications from location theory using the location of Los Angeles area gasoline stations in physical space and in the space of product attributes. We consider the effect of demand patterns, entry costs, and several proxies for competition -- the total number of...
Persistent link: https://www.econbiz.de/10005412965
The rise of the modular production in assembly industries is initially located in its capacity to manage the increasing complexity of the products. However these implications exceed this technological dimension. Many works advance that the modular production implies a reorganization of the firms...
Persistent link: https://www.econbiz.de/10005412970
Many European countries have faced the erosion of the competitive advantage in the international market with a mixed strategy of productivity increase at home and labour cost reduction abroad, through the international fragmentation of production and subcontracting in low wage countries. Italy...
Persistent link: https://www.econbiz.de/10005412982
were designed to promote a disperse ownership and give managers a high level of discretion in running the company. By this … managers, and the threat of a takeover was not a credible one, since the government kept a golden share. There is no overall … evidence of capture of politicians and regulators by managers in the interest of shareholders, although evidence suggests the …
Persistent link: https://www.econbiz.de/10005413213