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We use a survey to identify a consumer bias with regard to different sources of debt-financing. Less salient debt may generate psychological benefits. This should be weighed against the possible economic costs of a sub-optimal capital structure; but low levels of financial literacy make it...
Persistent link: https://www.econbiz.de/10005025462
information and competence of households, in combination with stiffer competition among firms, will also increase the power of …
Persistent link: https://www.econbiz.de/10005082491
No abstract.
Persistent link: https://www.econbiz.de/10010611584
No abstract.
Persistent link: https://www.econbiz.de/10010611597
This report studies the importance of efficiency gains from horizontal mergers. A general theme throughout this report is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason it seems appropriate to reconsider current practice in...
Persistent link: https://www.econbiz.de/10005670113
Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market …
Persistent link: https://www.econbiz.de/10005670124
Persistent link: https://www.econbiz.de/10005671122
competition. They are necessairy both selective and superficial. Multinationals are conspicuous by their absence, and the reader …
Persistent link: https://www.econbiz.de/10005780372
We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … in the industry. Moreover, it is shown that increased intensity of competition can increase the relative profitability of …
Persistent link: https://www.econbiz.de/10005419538
The competitive effect of international market integration in industries with imperfect competition is of great policy …
Persistent link: https://www.econbiz.de/10005639291