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This paper studies the effects of asset specificity on the performance of procurement auctions with subcontracting and asset sales.The analysis highlights the role of several asset features like transfer costs, type of alternative uses and maintenance requirements.It is argued that, if...
Persistent link: https://www.econbiz.de/10011092890
We analyze mobility in urban Mexico between three labor market states: working in the formal sector, working in the … market state of each individual during each time period. The data is drawn from Mexico's Urban Employment Survey, a quarterly … household survey for urban Mexico. Two separate five-wave panels are used: the first covering a period of rapid economic growth …
Persistent link: https://www.econbiz.de/10011092596
How do banks react to increased interbank competition?Recent banking theory offers conflicting predictions about the … impact of competition on bank orientation í L H WKH choice of relationship based versus transactional banking í DQG EDQN … LQGXVWU\ specialization.We empirically investigate the impact of interbank competition on bank branch orientation and …
Persistent link: https://www.econbiz.de/10011090384
Abstract: This paper documents large cross-country variation in the relationship between bank competition and bank … in competition will have a larger impact on banks’ fragility in countries with stricter activity restrictions, lower …
Persistent link: https://www.econbiz.de/10011090475
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It is shown that asymmetry in R&D efficiency between firms is an important factor determining feasibility of the preemption and attrition scenarios in competitive R&D with time to build. Scenarios of attrition and preemption games are most likely to occur when competitors have similar R&D...
Persistent link: https://www.econbiz.de/10011090575
This paper examines the relationship between competition, innovation and productivity for the Netherlands. We use … industry level. We find strong evidence for a positive impact of competition on Total Factor Productivity (TFP) at the industry … level. Competition directly increases TFP by reducing X-ineficiencies and removing inefficient forms from markets, but also …
Persistent link: https://www.econbiz.de/10011090737
.We investigate theoretically and empirically how bank organization shapes banking competition.Our theoretical model illustrates how a …
Persistent link: https://www.econbiz.de/10011090754
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