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The Role of Advertising in Commercial Banking

Örs, Evren - C.E.P.R. Discussion Papers - 2006

I use a new Call Reports data item to revisit the role of advertising in US commercial banking. I examine how banks … addresses the endogeneity of market structure and advertising variables using instrumental variables. I find that banks … advertise more with increasing market concentration, whereas banks with larger market shares and size advertise less. I also …

Persistent link: https://www.econbiz.de/10005136668

Conditions of Competition and Multilateral Surveillance

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1998

WTO members are starting to consider whether and how to develop multilateral disciplines on competition policies. These discussions are taking place in the absence of concerted efforts to compile comparable information on the conditions of competition existing on member country markets. We argue...

Persistent link: https://www.econbiz.de/10005124160

Adjustment and Performance of the Textile and Clothing Industry in the Czech Republic, Poland and Portugal

Benacek, Vladimir; Caban, Wieslaw; Corado, Cristina - C.E.P.R. Discussion Papers - 1995

We discuss the restructuring of the textile and clothing industry in two East European countries. The paper compares the industry there with that in Portugal. Even though this study is only concerned with one particular industry, it reveals how wide and intensive the problems of transition are....

Persistent link: https://www.econbiz.de/10005136480

Competition Enhancing Policies and Infrastructure: Evidence from Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

This Paper investigates whether the efficiency effect of product market dispersion is a function of the infrastructural and policy environment. We hypothesise that more developed transportation and communication infrastructure and lower government regulation may reduce transaction costs,...

Persistent link: https://www.econbiz.de/10005504465

Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

A critical, but largely unexamined assumption in the debate over reform policy design, concerns the complementarity or substitutability of market competition and private ownership in increasing firm efficiency. We analyse a simple Cournot model that distinguishes two aspects of privatization...

Persistent link: https://www.econbiz.de/10005114270

From Thought to Practice: Appropriation and Endogenous Market Structure with Imperfect Intellectual Property Rights

Baccara, Mariagiovanna; Razin, Ronny - C.E.P.R. Discussion Papers - 2004

We address the problem faced by innovators who have an idea for a marketable product but must hire employees to bring the product to the market. Information leakage implies that newly-hired employees become informed of the idea and may attempt to bring the product to the market themselves. We...

Persistent link: https://www.econbiz.de/10005792493

Price Competition and Market Structure: The Impact of Cartel Policy on Concentration in the UK

Symeonidis, George - C.E.P.R. Discussion Papers - 1999

This paper examines the impact of firms' conduct on market structure. It studies the evolution of concentration in UK manufacturing following the abolition of cartels using a theoretical framework based on Sutton's theory of market structure and a panel data set of four-digit industries over...

Persistent link: https://www.econbiz.de/10005666803

Investment Incentives in Procurement Auctions

Arozamena, Leandro; Cantillon, Estelle - C.E.P.R. Discussion Papers - 2001

We investigate firms' incentives for cost reduction in the first price sealed bid auction, a format largely used for procurement. A central feature of the model is that we allow firms to be heterogeneous. Though private value first price auctions are not games with monotonic best responses, we...

Persistent link: https://www.econbiz.de/10005123864

Skills, Labour Costs and Vertically Differentiated Industries: A General Equilibrium Analysis

Lutz, Stefan; Turrini, Alessandro Antonio - C.E.P.R. Discussion Papers - 2000

The effect of labour costs on industry profits, employment and labour income is at the heart of the current European debate on industry competitiveness. High wages paid in European countries such as Germany are generally considered harmful for industry profitability. Although, high wages also...

Persistent link: https://www.econbiz.de/10005124124

The Economics of Books

Canoy, Marcel; van der Ploeg, Frederick; Ours, Jan C van - C.E.P.R. Discussion Papers - 2005

The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants...

Persistent link: https://www.econbiz.de/10005124150

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