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Embedded Supervision: How to Build Regulation into Decentralised Finance
Auer, Raphael A. - 2022
The emergence of so-called "decentralised finance" (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...
Persistent link: https://www.econbiz.de/10013353383
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Natural Resource Dependence and Monopolized Imports
Arezki, Rabah; Fernandes, Ana Margarida; Merchán, Federico - 2021
This paper explores the effect of natural resource dependence on market concentration of imports. Using a new panel database for importing firms in developing and emerging market economies, the paper shows that higher natural resource dependence is associated with larger market concentration of...
Persistent link: https://www.econbiz.de/10012657960
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Product Differentiation and Oligopoly: A Network Approach
Pellegrino, Bruno - 2023
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10014290154
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Credit Constraints, Quality, and Export Prices: Theory and Evidence from China
Fan, Haichao; Lai, Edwin L.-C.; Li, Yao Amber - 2013
This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its exports. The paper modifies Arkolakis's (2010) model of trade with heterogeneous firms by introducing endogenous quality and credit constraints. The model predicts that tighter...
Persistent link: https://www.econbiz.de/10010319388
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Natural Resource Dependence and Monopolized Imports
Arezki, Rabah; Fernandes, Ana M.; Merchan, Federico; … - 2021
This paper explores the effect of natural resource dependence on market concentration of imports. Using a new panel database for importing firms in developing and emerging market economies, the paper shows that higher natural resource dependence is associated with larger market concentration of...
Persistent link: https://www.econbiz.de/10013215669
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Embedded Supervision : How to Build Regulation into Decentralised Finance
Auer, Raphael - 2022
The emergence of so-called “decentralised finance” (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...
Persistent link: https://www.econbiz.de/10013405970
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Product Differentiation and Oligopoly : A Network Approach
Pellegrino, Bruno - 2023
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10014262031
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Concentration and Competition: Evidence from Europe and Implications for Policy
Koltay, Gábor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013266605
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Concentration and Competition : Evidence from Europe and Implications for Policy
Koltay, Gabor; Lorincz, Szabolcs; Valletti, Tommaso M. - 2022
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013293852
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A Female-Male Net Nutrition Comparison Using Differences-in-Decompositions : Late 19th and Early 20th Century Social Feminism and Women's Suffrage
Carson, Scott A. - 2020
that reflects current net nutrition. This study uses a difference-in-decompositions framework to analyze how women's BMIs … improved the relative status of women relative to both men before and after the transition to social feminism. Twentieth … century women's BMIs were higher than 19th century women relative to men with the rise of social feminism. The primary source …
Persistent link: https://www.econbiz.de/10012843424