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This paper analyses market efficiency and the role of the virtual location in digital markets using a data set containing more than 23,000 price observations from the online market for contact lenses as well as detailed information about online retailer and product characteristics. The data...
Persistent link: https://www.econbiz.de/10005098170
and regulation schemes on retail electricity prices. We find significantly higher prices in markets with vertically …
Persistent link: https://www.econbiz.de/10009646603
This paper considers the impact of European telecom regulation on the value of affected companies. Employing a … repeating ARGARCH model, I compare the effect of three types of regulation which are categorized based on the addressed subject …, i.e. cross-market, country-specific and company-specific regulation. While standard event study approaches are a special …
Persistent link: https://www.econbiz.de/10008756427
functions. Testing for a common regulation-investment effect provides evidence that the negative investment externality is not …, investments increase off-net traffic from the investor’s network but also from competitors’ networks. Regulation changes the … due to regulation. …
Persistent link: https://www.econbiz.de/10008500714
In the advent of postal market liberalization in several European countries we expect that the incumbent operators anticipate entry by competitors who are not required to offer universal service, i.e. coverage of the entire country and uniform pricing. The market for postal service exhibits...
Persistent link: https://www.econbiz.de/10005097679
market regulation have motivated this quality improvement. In particular we show that this rise in quality is only profitable …
Persistent link: https://www.econbiz.de/10005097892
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …
Persistent link: https://www.econbiz.de/10008567560
On April 1, 2005, Denmark changed the way references prices, a main determinant of reimbursements for pharmaceutical purchases, are calculated. The previous reference prices, which were based on average EU prices, were substituted to minimum domestic prices. Novel to the literature, we estimate...
Persistent link: https://www.econbiz.de/10008694123
We study the effects of a change in the way patient reimbursements are calculated on the prices of pharmaceuticals using quasi-experimental data for Denmark which switched from external (where reimbursements are based on prices of similar products in foreign countries) to internal reference...
Persistent link: https://www.econbiz.de/10011122563
new fiber-based communications infrastructure. Since such investment is expected to induce substantial positive … implementation and competitive market structures including allowance of co-investment models, and iii) public subsidies to cover non …, where only monopoly structure or co-investment models lead to private investment. Deregulatory policies might be preferable …
Persistent link: https://www.econbiz.de/10011122571