Showing 1 - 10 of 536
We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An … improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation … latter because of lower cost. Increasing market transparency improves on market outcomes …
Persistent link: https://www.econbiz.de/10013060478
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10013095277
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the … current account balance. In contrast, bank privatization and securities market deregulation tend to raise current account … investigate the relationship between financial market regulation and current account balances, an area for which limited empirical …
Persistent link: https://www.econbiz.de/10013043215
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …
Persistent link: https://www.econbiz.de/10013021420
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10013148773
In the automobile industry, as in many tradable goods markets, firms earn their highest market share within their … domestic market. This home market advantage persists despite substantial integration of international markets during the past … several decades. The goal of this paper is to quantify the supply- and demand-driven sources of the home market advantage and …
Persistent link: https://www.econbiz.de/10013012565
The Russian gas market is highly regulated. In this paper we examine possible impacts of regulatory changes on the … demand side of this market. In particular, we consider the effects on Russian energy consumers of removing natural gas … exports. Removal of other market imperfections in the Russian energy markets has smaller impacts on prices and quantities than …
Persistent link: https://www.econbiz.de/10012971536
In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...
Persistent link: https://www.econbiz.de/10013141084
setting, we study the trade and welfare implications of labor market deregulation and compare these implications with the … consequences of product market deregulation. Thereby, we take into account that labor market reforms are subject to national policy … decisions and thus associated with unilateral intervention, while product market deregulation is determined at an international …
Persistent link: https://www.econbiz.de/10013119394
deregulation may lead to quality-improvements of pharmaceuticals, despite reducing price-setting power of pharmaceutical companies …
Persistent link: https://www.econbiz.de/10013125326