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Competition and Productivity in Japanese Manufacturing Industries
Okada, Yosuke - 2005
impact of product market competition on productivity. Using a newly available panel data on around ten thousand firms in … Japanese manufacturing for the years 1994-2000, I show that competition, as measured by lower level of industrial price …
Persistent link: https://www.econbiz.de/10012467138
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Does Competition Destroy Ethical Behavior?
Shleifer, Andrei - 2004
Explanations of unethical behavior often neglect the role of competition, as opposed to greed, in assuring its spread … activities by universities, this paper clarifies the role of competition in promoting censured conduct. When unethical behavior … cuts costs, competition drives down prices and entrepreneurs' incomes, and thereby reduces their willingness to pay for …
Persistent link: https://www.econbiz.de/10012468424
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Monopoly-Creating Bank Consolidation? The Merger of Fleet and BankBoston
Calomiris, Charles W. - 2005
one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …-sized middle-market borrowers (which continued to enjoy the advantage of loan market competition from remaining small banks …
Persistent link: https://www.econbiz.de/10012467332
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Professor Zipf goes to Wall Street
Malevergne, Yannick - 2009
The heavy-tailed distribution of firm sizes first discovered by Zipf (1949) is one of the best established empirical facts in economics. We show that it has strong implications for asset pricing. Due to the concentration of the market portfolio when the distribution of the capitalization of...
Persistent link: https://www.econbiz.de/10012463355
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Information Technology, Firm Size, and Industrial Concentration
Brynjolfsson, Erik; Jin, Wang; Wang, Xiupeng - National Bureau of Economic Research - 2023
Information flows, and thus information technology (IT) are central to the structure of firms and markets. Using data from the U.S. Census Bureau, we provide firm-level evidence that increases in IT intensity are associated with increases in firm size and concentration in both employment and...
Persistent link: https://www.econbiz.de/10014247987
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Collusion, Mergers, and Related Antitrust Issues
Asker, John; Nocke, Volker - National Bureau of Economic Research - 2021
This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant advances in the last twenty years. With respect to...
Persistent link: https://www.econbiz.de/10012616623
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Political Discretion and Antitrust Policy : Evidence from the Assassination of President McKinley
Baker, Richard B. - 2018
We study the importance of discretion in antitrust enforcement by analyzing the response of asset prices to the sudden accession of Theodore Roosevelt to the presidency. During McKinley's term in office the largest wave of merger activity in American history occurred, and his administration did...
Persistent link: https://www.econbiz.de/10012480888
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Merger Policy and Innovation : Must Enforcement Change to Account for Technological Change?
Katz, Michael L. - 2004
Merger policy is the most active area of U.S. antitrust policy. It is now widely believed that merger policy must move beyond its traditional focus on static efficiency to account for innovation and address dynamic efficiency. Innovation can fundamentally affect merger analysis in two ways....
Persistent link: https://www.econbiz.de/10012467980
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Vertical Restraints and Producers' Competition
Rey, Patrick - 1988
effects from "double marginalization" resulting from reduced competition among retailers. The imposition of exclusivity …
Persistent link: https://www.econbiz.de/10012476471
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Are Chinese Markets for Manufactured Products More Competitive than in the US? : A Comparison of China -US Industrial Concentration Ratios
Wang, Jun - 2014
We present estimates of 4 and 8 firm concentration ratios by industry and in weighted aggregate form for the manufacturing sector for Chinese enterprises for 2002 and 2007. These are then compared to available estimates for the same years and industrial classification for the US. These...
Persistent link: https://www.econbiz.de/10012458765