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Competition, Corporate Governance and Financing of corporate Growth in Emerging Markets

Glen, J.; Lee, K.; Singh. A. - Faculty of Economics, University of Cambridge - 2000

sector's expanding role in developing countries in general have focused attention on issues of competition, corporate … product market competition in seven emerging economies by time series analysis of persistence of corporate profitability … during the 1980s and 90s. The surprising central finding is that the intensity of competition in emerging markets is no less …

Persistent link: https://www.econbiz.de/10005783704

Market-induced Asset Specificity: Redefining the Hold-up Problem

Lewin-Solomons, S. - Faculty of Economics, University of Cambridge - 2003

In a standard hold-up problem, individuals are vulnerable to hold-up because it is impossible to write complete contracts to cover the lifespan of relationship-specific investments. Hold-up occurs only when investments are to some degree nongeneric, and the extent of the problem increases with...

Persistent link: https://www.econbiz.de/10005647501

Platform Markets and Energy Services

Weiller, Claire M.; Pollitt, Michael G. - Faculty of Economics, University of Cambridge - 2013

A structural shift from transaction-based, marginal cost pricing to fee-based service business models often accompanies We emergence of “platform” markets, i.e. multi-sided markets where an intermediary captures the value of the interaction between user groups. The many examples include...

Persistent link: https://www.econbiz.de/10010790538

Online Price Dispersion Within and Between Seven European Countries

Gatti, J.R.J.; Kattuman, P. - Faculty of Economics, University of Cambridge - 2003

This paper provides a comprehensive analysis of online price dispersion in Europe, across a broad range of product categories and countries. Using the dominant European price comparison site we collected firm specific prices, weekly, from sevcn European countries (Denmark, France, Italy,...

Persistent link: https://www.econbiz.de/10005783820

Reform of the Coal Sector in an Open Economy: The Case of China

Ji, Shengbao; Zhang, Yin-Fang; Jamasb, Tooraj - Faculty of Economics, University of Cambridge - 2014

Cheap, abundant and easy to transport and store, coal has been produced and consumed to meet people’s energy needs. The last decade’s growth in global coal use has been driven mainly by developing economies like China, whose phenomenal economic growth has been powered by coal-fired...

Persistent link: https://www.econbiz.de/10011253067

Strategic Consensus

Aidt, T.S.; Dutta, J. - Faculty of Economics, University of Cambridge - 2004

We study equilibrium retention rules in a dynamic common agency game. The decision to reappoint or not is made by a committee consisting of two principals: the retention decision is uncertain if the two principals disagree. We demonstrate that all equilibrium paths exhibit what we call strategic...

Persistent link: https://www.econbiz.de/10005647476

Cooperation in the Repeated Prisoner’s Dilemma with Local Interaction

Xue, J. - Faculty of Economics, University of Cambridge - 2006

This paper studies the repeated Prisoner’s Dilemma in a local interaction setup. We construct a sequential equilibrium in pure strategies that sustains cooperation for suffciently patient players. The strategy is embedded in an explicitly defined expectation system, which is a more compact way...

Persistent link: https://www.econbiz.de/10005783851

Collective Behavior with Endogenous Thresholds

Xue, J. - Faculty of Economics, University of Cambridge - 2006

We endogenize the threshold points in Granovetter’s threshold model of collective behavior (Granovetter 1978). We do this in a simple model that combines strategic complementarity and private information in a dynamic setup with endogenous order of moves. Looking at Granovetter’s model in the...

Persistent link: https://www.econbiz.de/10005113731

Is Google the next Microsoft? Competition, Welfare and Regulation in Internet Search

Pollock, R. - Faculty of Economics, University of Cambridge - 2009

The rapid growth of online search and its centrality to the ecology of the Internet raise many questions for economists to answer: Why is the search engine market so concentrated and will it evolve towards monopoly? What implications does this concentration have for consumers, search engines,...

Persistent link: https://www.econbiz.de/10005256256

Bank Concentration: Chile and International Comparisons.

Levine, R. - Faculty of Economics, University of Cambridge - 2000

development, industrial competition, political and legal system integrity, economic growth or banking sector fragility. The paper …

Persistent link: https://www.econbiz.de/10005776872