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incentive effect of competition on innovation and the effect competition has on the degree of credit rationing. I find that the … levels of competition. These predictions are supported by empirical evidence: The competition-innovation relationship has an … developed financial systems. Innovation-enhancing policies implemented through competition reforms ought to be complemented by …
Persistent link: https://www.econbiz.de/10010745834
the regulation of and competition in the distribution chain in the countries of origin and destination. The paper draws on … group (statins) for which there is no generic competition. The study reveals that although parallel trade is a specific form …
Persistent link: https://www.econbiz.de/10010745350
innovation. Unlike previous literature based on survey data, we exploit the observed pattern of contributions - the .revealed …
Persistent link: https://www.econbiz.de/10010745268
This paper demonstrates that when an industry faces potential entry and this threat of entry constrains pre-entry prices, cost and conduct are not identified from the comparative statics of equilibrium. In such a setting, the identifying assumption behind the well-established technique of...
Persistent link: https://www.econbiz.de/10010746001
The conventional view that product heterogeneity limits the scope for collusion among oligolpolists has been challenged in recent theoretical work. This paper provides an argument in support of the conventional view by emphasising the role of uncertainty. I introduce the idea that, with...
Persistent link: https://www.econbiz.de/10010746624
fluctuations. The analysis is carried out in the context of a simple repeated price competition model, and establishes that firms …
Persistent link: https://www.econbiz.de/10011071258
Sales are a widespread and well-known phenomenon that has been documented in several product markets. Regularities in such periodic price reductions appear to suggest that the phenomenon cannot be entirely attributed to random variations in supply, demand, or the aggregate price level. Certain...
Persistent link: https://www.econbiz.de/10010884541
stylised facts are considered: globalisation, information technology, and competition. Globalisation and information technology … may have benefited the most productive firms more and the growth of competition may at the same time have stimulated the …
Persistent link: https://www.econbiz.de/10010744856
This paper investigates whether there is convergence in Total Factor Productivity towards the technological frontier at the establishment level. We find convergence to the frontier is statistically and quantitatively important, suggesting the existence of technology spillovers. Foreign...
Persistent link: https://www.econbiz.de/10010744968
In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …
Persistent link: https://www.econbiz.de/10010745172