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Envelopment is an effective form of market entry that facilitates competition among platforms. Nevertheless, many commentators have focused on the anticompetitive potential of envelopment, and some have argued for regulation of platforms because of that concern. These calls for regulation are...
Persistent link: https://www.econbiz.de/10013239564
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for...
Persistent link: https://www.econbiz.de/10012892151
The purpose of this research study has been to expand our understanding of the finance-growth ‘nexus’ to finance-growth-inequality ‘nexus’ in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study...
Persistent link: https://www.econbiz.de/10012892155
Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...
Persistent link: https://www.econbiz.de/10011388184
One of the core indicators in the field of scientometrics is the number of papers published by a unit within a given period. However, such indicators can only be assessed properly by considering the unit's available resources. When evaluating the efficiency of institutions worldwide, the problem...
Persistent link: https://www.econbiz.de/10012839362
Are investors willing to give up a higher return if the investment generates positive environmental impact? We investigate this question with a decision experiment among crowdfunders, where they choose between a higher return or environmental impact. Overall, 65% of investors choose...
Persistent link: https://www.econbiz.de/10013218292
On 3 June 2020, the German government announced a temporary value added tax (VAT) rate reduction. VAT rates were reduced on 1 July 2020 and went back to their previous level on 1 January 2021. We study the price effects of the temporary VAT rate reduction using a web-scraped data set covering...
Persistent link: https://www.econbiz.de/10013222200
accounting for assortment adjustments of national brands (NBs) in retail stores. Using a detailed dataset on the U.S. beef market …
Persistent link: https://www.econbiz.de/10013322782
-Protected Securities (TIPS) receive inflows from retail investors, and nominal Treasury ETF experience outflows, when long-horizon market … not contribute much in explaining retail TIPS fund flows. Retail flows into TIPS funds are asymmetric, with strong …. Retail investors appear to pay some attention to regular Federal Reserve announcements, but major events such as the “taper …
Persistent link: https://www.econbiz.de/10014241195
Prices for cryptocurrencies have undergone multiple boom-bust cycles, together with ongoing entry by retail investors …. To investigate the drivers of crypto adoption, we assemble a novel database (made available with this paper) on retail … rise retail investors buy, while the largest holders sell — making a return at the smaller users’ expense. Overall, back of …
Persistent link: https://www.econbiz.de/10014254558