Showing 1 - 10 of 37
This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information costs on endogenous network building and matching by information intermediaries. The framework innovates by examining the role of information costs on incentives for trade...
Persistent link: https://www.econbiz.de/10010745054
suggests that network competition between information intermediaries has a distinctive market structure, where intermediaries … Nash equilibrium. Finally, competition is affected by the technology of network development. The analysis shows that either …
Persistent link: https://www.econbiz.de/10010746133
effects are due to increased competition for local resources. …
Persistent link: https://www.econbiz.de/10011126565
competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then … coordination failures. Different types of efficiency arise when buyers undertake investment before market competition. These …
Persistent link: https://www.econbiz.de/10010928710
Focusing on homogeneous beliefs, we can distinguish two commonly shared ideas that, i) the competition between informed … market, i) the informativeness of prices increases with the degree of competition and, ii) the aggregate and individual …
Persistent link: https://www.econbiz.de/10011071458
This paper develops an empirical model of entry to analyze the effect of previous regulation on European airlines? post-liberalization profits. The author distinguishes between European flag carriers, which are hightly regulated at the beginning of the eighties, and independent airlines. It is...
Persistent link: https://www.econbiz.de/10010928653
The paper specifies and estimates a production function for the airline industry, identifying firms' network characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market shows that productivity differences among flag...
Persistent link: https://www.econbiz.de/10010745526
This paper uses the Management and Employee Questionnaires from the 1998 Workplace Employee Relations Survey (WERS98) to consider whether the performance of workplaces which offer a range of family-friendly policies are superior to that of workplaces without such practices. It is found that in...
Persistent link: https://www.econbiz.de/10010745244
Entry regulations against big-box retailers have been introduced in many countries to protect smaller independent stores. Using a new dataset from the UK, I show that in fact these entry regulations have been associated with greater employment declines in independent stores they were meant to...
Persistent link: https://www.econbiz.de/10010746338
The paper decomposes a geographical concentration index to examine the temporal scope of a spillover, which is the period of time over which one firm’s activity directly affects the location of other firms’ activities. Natural advantages are fixed over reasonably long time periods, but if...
Persistent link: https://www.econbiz.de/10011125978