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This paper studies investments in new markets where more than two (anticipated) identical competitors are present. In case of three firms an accordion effect is detected: an exogenous demand shock results in a change of the wedge between investment thresholds of the first and second investor...
Persistent link: https://www.econbiz.de/10010742284
. Competition from venture capitalists increases corporate venturing activity, the salaries of potential entrepreneurs, and total …
Persistent link: https://www.econbiz.de/10010706391
I propose a model in which a stock exchange can improve its liquidity by tightening its listing requirements. Because these reduce information asymmetry, they increase the utility of investors and lead to a high investor participation on the exchange. However, the exchange never sets the highest...
Persistent link: https://www.econbiz.de/10010706435
-release measures applied under regulatory control are indeed effective short-term policies for promoting gas-to-gas competition. …
Persistent link: https://www.econbiz.de/10010706828
This paper analyses the impact of competition among downstream firms on an upstream firm's payoff and on its incentive … to vertically integrate when firms on both segments negotiate optimal contracts. We argue that tougher competition … firm is better off encouraging competition when the downstream firms have high bargaining power. We derive implications on …
Persistent link: https://www.econbiz.de/10010707301
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The consideration of the competition in the spatial construction of the new entrant’s retailing network The aim of this …
Persistent link: https://www.econbiz.de/10010707393
According to a recent literature, the positive effect of competition is supposed to be growing with the proximity to … the technological frontier. Using a variety of indicators, the paper tests the effect of competition and regulation on … 1979-2003. Results show no evidence of a positive effect of competition growing with the proximity to the frontier. Two …
Persistent link: https://www.econbiz.de/10010707541
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