Showing 1 - 10 of 905
This paper analyses the effects of concentration on profitability in the US banking sector from 1994-2005, using bank-level panel data. A new index of concentration is proposed, which reflects the depth and intensity of concentration. The econometric specification facilitates the simultaneous...
Persistent link: https://www.econbiz.de/10005835748
between product market competition and the level of innovative activity in an industry. Recent empirical papers point to an … inverted-U shape relationship between competition and innovation. Our paper offers theoretical support to these results while … show that firms solve this trade-off precisely so as to generate the inverted-U shape relationship. When the competition in …
Persistent link: https://www.econbiz.de/10008548840
This paper employs the Panzar and Rosse (1987) and the Bresnahan models to determine the level of competition in the … South African banking sector. This level of competition was tested during the period 1998 to 2008 for the Panzar and Rosse … approach and from 1992 to 2008 for the Bresnahan model. We �find evidence of monopolistic competition in the South African …
Persistent link: https://www.econbiz.de/10011257717
For methods of the profit division in the bilateral monopoly of the mine and the power station sug-gested in the first part of this paper the formulae for lignite price and shares in the joint profit of the mine and the power station are calculated. The proposed profit division contain: the...
Persistent link: https://www.econbiz.de/10005836131
We use data on sequential water auctions to estimate demand when units are com- plements or substitutes. A sequential English auction model determines the estimating structural equations. When units are complements, one bidder wins all units by paying a high price for the first unit, thus...
Persistent link: https://www.econbiz.de/10011114563
This article is aimed at analyzing the motivations on the part of firms to invest in websites. What are the drivers behind such investments? In order to address this issue, we have considered two alternative theoretical frameworks. The first relies upon resourcebased theory; the approach herein...
Persistent link: https://www.econbiz.de/10005789663
Public Duties in Islam is the English translation of Ibn Taymiyah’s al-Hisba fi'l Islam by Muhtar Holland. It is a useful addition to Islamic economic literature in English language. Notwithstanding a few small errors, the translation reads well and the notes are excellent. This book is a good...
Persistent link: https://www.econbiz.de/10011261136
The field of behavioral economics is one of the fastest-growing fields in economics in recent years. Not long ago this was a small field, but over the last decade or so, the field gained more recognition, and today it seems clear that psychological motivations and biases affect economic behavior...
Persistent link: https://www.econbiz.de/10005836571
This article seeks to explain why Spanish merino wools arrived so late in the Low Countries, only from the 1420s, why initially only those cloth producers known as the 'nouvelles draperies' chose to use them, and why their resort to such merino wools allowed at least some of them to escape the...
Persistent link: https://www.econbiz.de/10005004705
The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...
Persistent link: https://www.econbiz.de/10008645123