Showing 1 - 10 of 371
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that there is heterogeneity across industries - incumbents in technologically advanced industries react positively to entry, but not in laggard industries. To explain this pattern, we...
Persistent link: https://www.econbiz.de/10005114280
Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment outlined in the literature: enterprise ownership; corporate governance; market structures and competition;...
Persistent link: https://www.econbiz.de/10005666814
where one retailer stays open for longer than the other does. Both retailers charge higher prices than under regulation, and …
Persistent link: https://www.econbiz.de/10005497961
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the agent’s productivity is a stochastic function of his past productivity and investment. We show that incentives are stronger and performance is higher when the contract approaches its expiry...
Persistent link: https://www.econbiz.de/10011083903
This Paper examines a general problem exemplified by post-auction (third generation ‘3G’) mobile telecommunications markets and by recent developments in the UK market for postal services. When entering these (or any other) markets, firms must often decide on the degree of coverage...
Persistent link: https://www.econbiz.de/10005124418
chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of regulatory …-ulcer drugs that allows us to explore the drivers of demand, to identify whether regulation in France truly affects margins and … increased over the 2004-2007 period because of new regulation of price setting that reduced branded drugs prices but increased …
Persistent link: https://www.econbiz.de/10011083879
The health care professions in Europe have been subject to substantial entry and conduct regulation. Most notably … relevant in light of the renewed attention by competition authorities to liberalize professional regulation. …
Persistent link: https://www.econbiz.de/10005662356
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily...
Persistent link: https://www.econbiz.de/10009209829
This paper presents results from a calibrated welfare model of the UK mobile telephony market which includes many mobile networks; calls to and from the fixed network; networkbased price discrimination; and call externalities. The analysis focuses on the short-run effects of adopting lower...
Persistent link: https://www.econbiz.de/10008468563
What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more pro-entrepreneurial policies....
Persistent link: https://www.econbiz.de/10008530366