Showing 1 - 10 of 10
This paper investigates the economic principles underlying the relationship between the real sector (non-financial) and the banking sector structures. Most literature has so far focused on the structure of conglomerates (Keiretsu/Chaebol) in East Asia in explaining the fast economic growth...
Persistent link: https://www.econbiz.de/10005342309
It is wellknown that a group of individuals contributing to a joint production process with diminishing returns will tend, in equilibrium, to put in too little effort if shares of the output are exogenous, and will put in too much effort if their shares are proportional to their inputs. We...
Persistent link: https://www.econbiz.de/10005063639
Certain problems in comparative statics, including (but not exclusively) certain problems in consumer theory, cannot be easily addressed by the methods of lattice programming. One reason for this is that there is no order on the choice space which orders choices in a way which conforms with the...
Persistent link: https://www.econbiz.de/10005063726
This paper analyses plant entry, total factor productivity growth, average productivity level differentials and … plant cohorts as well as across sub-markets within petrochemicals. Entry flows were steady increasing within plastics … that entrants adopted competitive post-entry strategies. Total factor productivity growth decomposition shows that the …
Persistent link: https://www.econbiz.de/10005328914
This paper studies the probability of survival of the manufacturing plants that start producing in Chile in the period 1979-1999 using a proportional hazards model. Opposing previous empirical international evidence, the survival diminishes with age, initial size, and with the rate of growth of...
Persistent link: https://www.econbiz.de/10005328922
entry of new firms and the failure rates (exit) of existing firms. The data used in the study are counts of business … establishments currently operating by county and type of business. Backing out the entry and exit rates from the establishment count …, which may imply that stores less able to adapt to the new requirements made room for the entry of stores better able to …
Persistent link: https://www.econbiz.de/10005328982
industry structrure (product life cycle) and changes in size and age distribution of firms over time. We explain why entry may … firms indifferent between alternative entry and exit decisions. Their investment levels after entry reflects their length of …
Persistent link: https://www.econbiz.de/10005130186
models into a unique one that point identifies the parameters of interest. We allow for a more flexible model of entry …. We might observe the wide dispersion because demand for airline travel is non-linear; because entry costs depend on the … network airlines strategically accommodate the entry of smaller carriers. We use our new econometric method to investigate the …
Persistent link: https://www.econbiz.de/10005063607
charges may make the firms collude on high prices. Moreover, when allowing for entry, we show that incumbents can profitably …
Persistent link: https://www.econbiz.de/10005702527
One result of the deregulation of utilities in New Zealand has been the bypass of existing networks. We investigate two cases of bypass in the distribution of natural gas, and compare the welfare properties of regulation vs.\ the `laissez-faire' equilibrium. We demonstrate that installing a...
Persistent link: https://www.econbiz.de/10005702578