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Investment in Productivity and the Long-Run Effect of Financial Crisis on Output
Ridder, Maarten de - 2017
This paper identifies the mechanism through which financial crises exert long-term negative effects on output. Theory … suggests that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap … the Global Financial Crisis, I show that tight credit reduced investments in productivity-enhancement, and significantly …
Persistent link: https://www.econbiz.de/10012964611
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World-Trade Growth Accounting
Egger, Peter H. - 2016
into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … productivity growth, and endogenous changes in expenditures shares on manufacturing goods and services. We quantify the importance … accumulation and trade costs have been the most important drivers of trade in the sample at hand, whereas productivity growth and …
Persistent link: https://www.econbiz.de/10012994081
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International Fiscal Policy Coordination and GDP Comovement
Sly, Nicholas - 2013
Economic shocks often permeate borders generating comovement in nations' business cycles over time. We highlight the fact that fiscal policy coordination is an important avenue by which national economies become more integrated, influencing the transmission of macroeconomic shocks between...
Persistent link: https://www.econbiz.de/10013076955
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Competition between Content Distributors in Two-Sided Markets
Bergh, Harald - 2012
We analyze strategic interactions between two competing distributors of an independent TV channel. Consistent with most of the relevant markets, we assume that the distributors set end-user prices while the TV channel sets advertising prices. Within this framework we show that the distributors...
Persistent link: https://www.econbiz.de/10013103607
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Market Structure and the Cost of Capital
Arouri, Mohamed El Hedi - 2013
We contribute to the finance literature in two main ways. First, we present a theoretical capital asset pricing model (CAPM) to price assets in different market structures. Second, we use our model to analyze whether when markets are partially segmented using the local or the global CAPM yields...
Persistent link: https://www.econbiz.de/10013086974
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Market Segmentation in Two-Sided Markets : TV Rights for Premier League
Kind, Hans Jarle - 2013
This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...
Persistent link: https://www.econbiz.de/10013088134
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Newspapers and Advertising : The Effects of Ad-Valorem Taxation Under Duopoly
Kind, Hans Jarle - 2007
Newspapers are two-sided platforms that sell their product both to readers and advertisers. Media firms in general, and newspapers in particular, are considered important providers of information, culture and language in most countries. Newspapers are therefore given preferential tax treatment....
Persistent link: https://www.econbiz.de/10012777828
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Apparent Competition in Two-Sided Platforms
Guven, Gokhan - 2017
We study a platform's design of membership and transaction fees when sellers compete and buyers cannot observe the prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them transaction fees that increase with sales revenue, and...
Persistent link: https://www.econbiz.de/10012945113
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Prediction and Identification in Two-Sided Markets
Boik, Andre - 2018
I introduce a reduced form two-sided market model to study prediction and identification in two-sided markets. The model generates the hallmark features of two-sided markets: potentially below cost or even negative prices to one side of the market, and the “see-saw” or “waterbed” effect...
Persistent link: https://www.econbiz.de/10012924452
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Technology, Market Structure and the Gains from Trade
Impullitti, Giammario - 2018
. Oligopolistic competition together with free entry make markups responsive to firm productivity and trade costs. Lowering trade …
Persistent link: https://www.econbiz.de/10012930693