Narrow search
Showing 1 - 10 of 616
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Estimating the Welfare Effects of Digital Infrastructure
Greenstein, Shane M. - 1996
While much economic policy presumes that more information infrastructure yields higher economic returns, little empirical work measures the magnitudes of these returns. We examine investment by local exchange telephone companies in fiber optic cable, ISDN lines and signal seven software,...
Persistent link: https://www.econbiz.de/10012473064
Cover Image
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
Cover Image
Benevolent Colluders? The Effects of Antitrust Action on College Financial Aid and Tuition
Hoxby, Caroline M. - 2000
The Department of Justice's (DOJ's) investigation of private colleges for price-fixing caused the Overlap' group of colleges to discontinue their meetings. DOJ alleged that the meetings enabled the colleges to collude on higher tuition and increase their tuition revenue. The colleges claimed...
Persistent link: https://www.econbiz.de/10012470996
Cover Image
A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft
Benkard, C. Lanier - 2000
This paper develops a multi-agent dynamic model of the commercial aircraft industry and then uses that model to analyze industry pricing, industry performance, and optimal industry policy. In the model, firms are differentiated in their products and cost structure, and entry, exit, prices, and...
Persistent link: https://www.econbiz.de/10012471051