Showing 1 - 10 of 18
In a mutual control structure agents exercise control over each other. Typical examples occur in the area of corporate governance firms and investment companies exercise mutual control, in particular by owning each others stocks. In this paper we formulate a general model for such situations....
Persistent link: https://www.econbiz.de/10010856553
This paper examines to what extent gazelles are the drivers of the growth of industries and structural change. To this purpose we analyze gazelles over a 12 year period (annually from 1997 until 2008) in the Netherlands, and relate them to the dynamics in employment per industry. We use a panel...
Persistent link: https://www.econbiz.de/10011146931
In the context of an infinitely repeated oligopoly game, we study (optimal) collusion among firmsthat have both price and quantity as a strategic choice variable. We consider two modes ofproduction: production in advance and production to order. For both types of industry, we comparea price...
Persistent link: https://www.econbiz.de/10011146938
Cartel ringleaders can apply for amnesty in some jurisdictions (e.g., the E.U.), whereas in othersthey are excluded (e.g., the U.S.). This paper provides a survey of identified ringleaders inrecent European cartel cases and explores theoretically the effect of ringleader exclusion oncollusive...
Persistent link: https://www.econbiz.de/10011146965
two modes of cooperation: a merger and an R&D alliance. …
Persistent link: https://www.econbiz.de/10011202005
The paper shows that Bertrand competition and contestability can be reconciled with sunk costs. When average total costs are constant over a range of output, marginal cost pricing does not conflict with the budget constraint faced by firms. Empirical observations support the notion of constant...
Persistent link: https://www.econbiz.de/10011202040
This paper examines whether large U.S. banks have become ''too big to innovate''. We extend the theoretical work of Aghion et al. (2005b) by relaxing their assumption that unit costs are independent from output levels in order to investigate the effect of scale (dis)economies on the...
Persistent link: https://www.econbiz.de/10011202084
In this paper we enrich the Brabander (1981) and Brander and Krugman (1983) model of reciprocal entry by placing it i a … that the limit price is affected by a firm''s desire to deter entry and to increase its market share in the target country … asymmetric information in order to improve their market share. Hence,signallling for entry may arise even in the pooling …
Persistent link: https://www.econbiz.de/10010856517
A number of recent empirical studies of firm-level productivity (growth) have been concerned with establishing potential complementarity between multiple organizational design practices. These papers have drawn conclusions on basis of the effect of the interaction term between each possible pair...
Persistent link: https://www.econbiz.de/10011160254
The presence of synergies in recurrent procurement auctions leads to an exposure problem and asymmetries among bidders. We consider sequential first- and second-price auctions with synergies in a setting with four bidders. In a series of experiments we compare the performance of the two pricing...
Persistent link: https://www.econbiz.de/10011160388