Showing 1 - 10 of 44
Persistent link: https://www.econbiz.de/10011090497
of firms under imperfect competition.Both firms have an opportunity to invest in a project enhancing (ceteris paribus …
Persistent link: https://www.econbiz.de/10011090519
We analyze the social optimality of growth and product variety in a model of endogenous growth. The model contains two sectors, one assembly sector producing a homogenous consumption good, and one intermediate goods sector producing a differentiated input used in the assembly sector. Growth...
Persistent link: https://www.econbiz.de/10011090945
In order to explore the optimal taxation of low-skilled labor, we extend the standard model of optimal non-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for involuntary unemployment, job search, an exogenous welfare benefit, and a non-utilitarian...
Persistent link: https://www.econbiz.de/10011091151
exhibit different prescribing behavior (volume and value of prescriptions) when confronted with more competition. As there is … no monetary benefit in doing so, this type of (perceived) quality competition originates from GPs satisfying patients … the level of competition. The level of competition is measured by GP density, after controlling for the number of GPs and …
Persistent link: https://www.econbiz.de/10011144447
We examine the firm-level and country-level determinants of the currency denomination of small business loans. We introduce an information asymmetry between banks and firms in a model that also features the trade-off between the cost of debt and firm-level distress costs. Banks in our model...
Persistent link: https://www.econbiz.de/10011092691
Persistent link: https://www.econbiz.de/10011092787
We analyze a dynamic model of strategic interaction between a professional sport league that organizes a tournament, the teams competing to win it, and the broadcasters paying for the rights to televise it.Teams and broadcasters maximize expected profits, while the league's objective may be...
Persistent link: https://www.econbiz.de/10011092806
We analyze the distribution of broadcasting revenues by sports leagues.In the context of an isolated league, we show that when the teams engage in competitive bidding to attract talent, the league's optimal choice is full revenue sharing (resulting in full competitive balance) even if the...
Persistent link: https://www.econbiz.de/10011092815
The Riegle-Neal Act in the US and the Economic and Monetary Union in Europe are recent initiatives to stimulate financial integration.These initiatives allow new entrants to "poach" the incumbents' clients by offering them attractive loan offers.We show that these deregulations may be...
Persistent link: https://www.econbiz.de/10011092891