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The Competition Between Competition Rules

Sinn, Hans-Werner - 1999

profits. Instead of such an equilibrium, a deregulation race is likely to emerge in which all but the last country repeal … their antitrust laws. The deregulation race results in a chain of Stackelberg leadership positions taken over by national …

Persistent link: https://www.econbiz.de/10012471517

International Trade Aspects of Competition Policy

Nagaoka, Sadao - 1998

Recently competition policy has become an important trade policy issue, since many policy makers now see competition policy as an important instrument to secure market access' to foreign markets. This paper analyzes this issue both from a theoretical point of view and from the review of the...

Persistent link: https://www.econbiz.de/10012472092

Japan's Big Bang and the Transformation of Financial Markets

Ito, Takatoshi - 1999

A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper … the deregulation. Intra-day data are analyzed with the following results: (1) Holding constant the effects of volume and … volatility, the deregulation was associated with a convergence of Japanese quoted spreads toward those of other banks. (2 …

Persistent link: https://www.econbiz.de/10012471543

The Choice Between Public and Private Debt : An Analysis of Post-Deregulation Corporate Financing in Japan

Hoshi, Takeo - 1993

As a result of deregulation, there was a dramatic shift during the 1980s in Japan away from bank debt financing towards … firm level data on borrowing sources in Japan. We find that high net worth companies are more prone to use public debt. We …

Persistent link: https://www.econbiz.de/10012474529

Pricing Capital Under Mandatory Unbundling and Facilities Sharing

Pindyck, Robert S. - 2005

The regulation of telecommunications, railroads, and other network industries has been based on mandatory unbundling and facilities sharing - entrants have the option to lease part or all of incumbents' facilities if and when they desire, at rates determined by regulators. This flexibility is of...

Persistent link: https://www.econbiz.de/10012467460

Mandatory Unbundling and Irreversible Investment in Telecom Networks

Pindyck, Robert S. - 2004

This paper addresses the impact on investment incentives of the network sharing arrangements mandated by the Telecommunications Act of 1996, with a focus on the implications of irreversible investment. Although the goal is to promote competition, the sharing rules now in place reduce incentives...

Persistent link: https://www.econbiz.de/10012468396

The Division and Size of Gains from Liberalization of Service Networks

Bhattarai, Keshab - 1998

This paper emphasizes the different nature of cross border liberalization in network related services, such as telecoms, compared to liberalization in goods. In the presence of network externalities, it argues that if two disjoint country service networks involving a small and large country are...

Persistent link: https://www.econbiz.de/10012472101

The Evolution of Advanced Large Scale Information Infrastructure in the United States

Greenstein, Shane M. - 1997

Is private industry investing in backbone digital technology in a manner consistent with social policy? To address this question we assemble highly disaggregate data and compute indices for the geographic distribution of advanced backbone information technology in computing and...

Persistent link: https://www.econbiz.de/10012472895

Internet Access and its Implications for Productivity, Inequality, and Resilience

Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - National Bureau of Economic Research - 2021

About one-fifth of paid workdays will be supplied from home in the post-pandemic economy, and more than one-fourth on an earnings-weighted basis. In view of this projection, we consider some implications of home internet access quality, exploiting data from the new Survey of Working Arrangements...

Persistent link: https://www.econbiz.de/10012599392

The Electric Telegraph, News Coverage and Political Participation

Wang, Tianyi - National Bureau of Economic Research - 2023

Using newly digitized data on the growth of the telegraph network in America during 1840-1852, the paper studies the impacts of the electric telegraph on national elections. I use proximity to daily newspapers with telegraphic connections to Washington to generate plausibly exogenous variation...

Persistent link: https://www.econbiz.de/10014322855