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. We use this historical pattern as a natural experiment to estimate the causal effect of contemporary private competition …
Persistent link: https://www.econbiz.de/10013316511
effect of private-school competition on students' entrepreneurial intentions. We exploit Catholic-Church resistance to state …
Persistent link: https://www.econbiz.de/10013142145
We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders and present conditions under which a unique privately revealing equilibrium exists. We derive novel comparative static results highlighting that increases in transaction...
Persistent link: https://www.econbiz.de/10012854716
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
. We sketch a “superstar firm” model where industries are increasingly characterized by “winner take most” competition …
Persistent link: https://www.econbiz.de/10012961079
stress that competition and regulatory authorities should take seriously the potential trade-off between market power effects …
Persistent link: https://www.econbiz.de/10012953486
When one firm's strategy affects other firms' value, optimal executive incentives depend on whether shareholders have interests in only one or in multiple firms. Performance-sensitive contracts induce managerial effort to reduce costs, and lower costs induce higher output. Hence, greater...
Persistent link: https://www.econbiz.de/10012854854
We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...
Persistent link: https://www.econbiz.de/10013316050
According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant … support to the pollution haven hypothesis, i.e. environmental stringency is not found to affect significantly total trade, or … its components (pollution intensive trade and pollution intensive trade related to non-resource-based trade) …
Persistent link: https://www.econbiz.de/10013315867
to competition between ISPs and to competition between contents. We also show that when (competitive) content providers …
Persistent link: https://www.econbiz.de/10013055385