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We study how competitive pressure influences the make-or-buy decision that oligopolistic firms face between producing an intermediate component in-house or purchasing it from a domestic supplier. We model outsourcing as a bilateral relationship in which the supplier undertakes relationship...
Persistent link: https://www.econbiz.de/10005836743
This paper contains an analysis of stylised natural gas and electricity supply sectors. Power plants operate either on natural gas or on a competing fuel – e.g. oil. The competing fuel is assumed to be traded at world market price whereas natural gas is sold by a national monopoly. The paper...
Persistent link: https://www.econbiz.de/10011258577
million distressed homes in the U.S. that are in various stages of delinquency, default, and foreclosure. Over the past three …
Persistent link: https://www.econbiz.de/10011260145
Since February 2010, detailed information on every home mortgage default and foreclosure in New York State must be …
Persistent link: https://www.econbiz.de/10009353827
Since February 2010, detailed information on every home mortgage default and foreclosure in New York State must be … make a defaulted borrower more (or less) likely to enter the foreclosure process. Our analysis of the NYSBD data suggests … that borrowers in default who took larger loans are more likely to progress to foreclosure. It also suggests that reducing …
Persistent link: https://www.econbiz.de/10009353841
households faced foreclosure proceedings over their home loans. This equals more than one out of every six U.S. households. 5 …
Persistent link: https://www.econbiz.de/10011163523
In the paper, the fundamental question is under what conditions loyalty discounts and rebates adopted by a dominant firm cause anti-competitive effects. Fidelity schemes, although extremely frequent in the market, if applied by a dominant firm, are likely to be judged as illegal per se, as...
Persistent link: https://www.econbiz.de/10011109240
The transaction cost theory predicts that firms are inclined to vertically integrate transactions in response to the specificity of their required inputs. Yet, reality proves that some firms engage in repeated transactions with external suppliers aimed at procuring highly specific inputs. To...
Persistent link: https://www.econbiz.de/10005835408
The formal representation of economic theories normally takes the form of a model, that is, a system of equations which connect the endogenous variables with the values of the parameters which are taken as given. Sometimes, it is possible to identify one or more equations which are able to...
Persistent link: https://www.econbiz.de/10011258136
In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to analyse the implications of the process of structural change on the decisions of investment allocation. By using the device of vertical integration, their constructions are shown to be a particular case of...
Persistent link: https://www.econbiz.de/10011258497