Showing 1 - 10 of 133
This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...
Persistent link: https://www.econbiz.de/10013154266
Economic activity tends to cluster. This results in productivity gains. For policy makers this offers an opportunity to formulate and promote policies that foster clustering of economic activity. Paradoxically, although agglomeration rents are often found in empirical research a rationale for...
Persistent link: https://www.econbiz.de/10013098963
The on-going ‘Make in India' campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights ‘step-by-step' changes in a country's specialisation pattern and global competitiveness...
Persistent link: https://www.econbiz.de/10012956706
A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...
Persistent link: https://www.econbiz.de/10012770493
We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...
Persistent link: https://www.econbiz.de/10013014356
In many regions, renewable energy targets are a primary decarbonization policy. Most of the same jurisdictions also subsidize the manufacturing and/or deployment of renewable energy technologies, some being sufficiently aggressive as to engender WTO disputes. We consider a downstream...
Persistent link: https://www.econbiz.de/10012998712
unbundling. The theory predicts that an airline’s fares should fall when it introduces a bag fee, but that the full trip price …
Persistent link: https://www.econbiz.de/10010877747
Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman’s views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman...
Persistent link: https://www.econbiz.de/10005196306
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel … diffusion model where pre-existing voice-telephony and cable-TV networks predict maximum broadband penetration. We find that a … 10 percentage-point increase in broadband penetration raises annual per-capita growth by 0.9-1.5 percentage points …
Persistent link: https://www.econbiz.de/10013116573
unique telecommunication data with geo-coded German individual-level data, we investigate how broadband Internet affects …-owned telecommunication provider in the 1990s that still hinders broadband Internet access for many households. We find no evidence that the …
Persistent link: https://www.econbiz.de/10013067943