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We provide a model that explains the following empirical observations: i) private ownership is more efficient than public ownership, ii) privatizations are associated with increases in efficiency and iii) the increase in efficiency predates the privatization. The two key mechanisms explaining...
Persistent link: https://www.econbiz.de/10005771095
We analyze an oligopoly model in which differentiated criminal organizations globally compete on criminal activities …
Persistent link: https://www.econbiz.de/10005419529
This paper examines if international trade can reduce total welfare in an international oligopoly with differentiated …
Persistent link: https://www.econbiz.de/10005419553
Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers’ market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...
Persistent link: https://www.econbiz.de/10005645406
In this paper we show, theoretically and empirically, that stronger employment protection legislation (EPL) in a host country has important and differing effects on the various activities of multinational enterprises (MNEs). Using micro data on affiliates to Swedish multinational firms in 20...
Persistent link: https://www.econbiz.de/10010818323
No abstract.
Persistent link: https://www.econbiz.de/10010818444