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An interlock between two firms occurs if the firms share one or more directors in their boards of directors. We explore the effect of interlocks on firm performance for 101 large Dutch firms using a large and new panel database. We use five different performance measures, and for each...
Persistent link: https://www.econbiz.de/10011255468
We develop a two-sector endogenous growth model with a dual labour market resulting from the presence of an effort extraction function in one sector. Effort of workers can be influenced by pay and monitoring. This results in an endogenous non-competitive wage differential between sectors and a...
Persistent link: https://www.econbiz.de/10011256488
ICT-services, transportation, and local development, among others, an increasing number of destinations is competing to … founded, recent progress in e-services has opened new opportunities for informing and attracting visitors. This paper examines … the potential effects of e-services in an inclusive model of destination loyalty towards the city of Leipzig (Germany …
Persistent link: https://www.econbiz.de/10011256574
Travelers often are incompletely informed about travel alternatives, which has important implications for various domains of travel behavior such as whether or not to make a trip, modal choice, the timing of a trip or route choice. During the last decade large efforts have been made to increase...
Persistent link: https://www.econbiz.de/10011255988
of e-services in urban cultural tourism. Its aim is to map out the relative drivers of cultural visitors to cities with a … particular view on the importance of modern e-services in the tourist sector. We focus on three case-study cities: Amsterdam … heritage and e-services. Interestingly, in all three cities, the most important group of tourists, the cultural heritage …
Persistent link: https://www.econbiz.de/10011256314
Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net development of the number of entrepreneurs in an equilibrium framework and (ii)the approach focusing on the entries and exits of entrepreneurs. In this paper we unify these...
Persistent link: https://www.econbiz.de/10011256593
This discussion paper resulted in a publication in the <I>Economic Journal</I> (2014). Volume 124, pages 887-916.<P> In the process of regulatory reform in the electric power industry, the mitigation of market power is one of the basic problems regulators have to deal with. We use experimental data to...</p></i>
Persistent link: https://www.econbiz.de/10011256654
are independent of firm size can be rejected for the services, as it has been for manufacturing, also in the case of Italy … remaining three business groups and for the industry as a whole. These mixed results concerning Gibrat's Law in the services are … consistent with the hypothesis that the dynamics of industrial organisation for services may not simply mirror that for …
Persistent link: https://www.econbiz.de/10011256728
This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greatershare of economic activity. Not all countries, however, are experiencing...
Persistent link: https://www.econbiz.de/10011256821
In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random utility model. Prior research shows that applying such a model in a multi-product setting implies symmetric patterns of product differentiation in which all product variants of a...
Persistent link: https://www.econbiz.de/10011256885