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Baye, Michael R.; Morgan, John - EconWPA - 2005

We model a homogeneous product environment where identical e-retailers endogenously engage in both brand advertising (to create loyal customers) and price advertising (to attract 'shoppers'). Our analysis allows for 'cross-channel' effects; indeed, we show that price advertising is a substitute...

Persistent link: https://www.econbiz.de/10005135133

Digital Challenges for the Small and Medium Enterprises of the Textile and Clothing Industry in Portugal

Leitão, João; Osório, Carlos - EconWPA - 2001

Nowadays of increasing functioning of network competitors, the Portuguese Small and Medium Enterprises (SME) of the Textile and Clothing Industry are facing new digital challenges. In order to strengthen their market power and reduce their dependence on foreign subcontractors, they should create...

Persistent link: https://www.econbiz.de/10005412926

Brand and Price Advertising in Online Markets

Baye, Michael; Morgan, John - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005413289

The Patent Paradox Revisited: Determinants of Patenting in the US Semiconductor Industry, 1980-94

Hall, Bronwyn H.; Ham, Rose Marie - EconWPA - 2000

Persistent link: https://www.econbiz.de/10005556053

CAN MONETARY POLICY AFFECT THE REAL ECONOMY?

Arestis, Philip; Sawyer, Malcolm - EconWPA - 2002

Current monetary policy involves the manipulation of the Central Bank interest rate (the repo rate), with the specific …

Persistent link: https://www.econbiz.de/10005076687

International versus Domestic Auditing of Bank Solvency

Feltenstein, Andrew; Lagunoff, Roger - EconWPA - 2003

This paper examines alternative ways to prevent losses from bank insolvencies. It is widely viewed that transparency in … reporting bank balance sheets is a key element in reducing such losses. It is, however, unclear just how such transparency would … develop a model that compares two alternative institutions for bank auditing. Neither of these institutions would require as …

Persistent link: https://www.econbiz.de/10005076731

Financial Development, Labor and Market Regulations and Growth

FONSECA, Raquel; GONZALEZ, Natalia UTRERO- - EconWPA - 2005

This paper investigates the importance that market regulation and financial imperfections have on …rm growth. We analyse institutions affecting labor market as Employment Protection Laws (EP) and Product Market Regulation (PM). We show that together with the beneficial effects of …nancial...

Persistent link: https://www.econbiz.de/10005077008

Biased Technical Change and the Malmquist Productivity Index

Fare, R.; Grifell-Tatje, E.; Grosskopf, S.; Lovell, C.A.K. - EconWPA - 1995

The Malmquist productivity index has many attractive features. One is that it decomposes into a technical efficiency change index and a technical change index. Under constant returns to scale, its technical efficiency change index has been decomposed into a "pure" technical efficiency change...

Persistent link: https://www.econbiz.de/10005077048

The role of interchange fees in ATM networks

Donze, Jocelyn; Dubec, Isabelle - EconWPA - 2003

paid by the withdrawer's bank to the ATM-owning bank. We show that a high level of interchange fee softens competition on …

Persistent link: https://www.econbiz.de/10005134463

Beyond implied volatility: extracting information from option prices

CONT, Rama - EconWPA - 1998

After a brief review of option pricing theory, we introduce various methods proposed for extracting the statistical information implicit in options prices. Among the methods discussed are: lognormal Edgeworth expansions, cumulant expansions, Hermite polynomial expansions, nonparametric kernel...

Persistent link: https://www.econbiz.de/10005134697