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Market Power and Welfare in Asymmetric Divisible Good Auctions
Manzano, Carolina - 2020
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
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Asset Auctions, Information, and Liquidity
Vives, Xavier - 2021
A model is presented of a uniform price auction where bidders compete in demand schedules; the model allows for common and private values in the absence of exogenous noise. It is shown how private information yields more market power than the levels seen with full information. Results obtained...
Persistent link: https://www.econbiz.de/10013316270
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Business Models for Media Firms : Does Competition Matter for How They Raise Revenue?
Kind, Hans Jarle - 2009
The purpose of this article is to analyze how competitive forces may influence the way media firms like TV channels raise revenue. A media firm can either be financed by advertising revenue, by direct payment from the viewers (or the readers, if we consider newspapers), or by both. We show that...
Persistent link: https://www.econbiz.de/10013157846
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FDI and Taxation : A Meta-Study
Feld, Lars P. - 2009
Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the … wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of …
Persistent link: https://www.econbiz.de/10012764967
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Financial Constraints and Other Obstacles : Are They a Threat to Innovation Activity?
Mohnen, Pierre; Palm, Franz C.; van der Loeff, Sybrand Schim - 2021
In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms' decision to abandon, prematurely stop, seriously slow down,...
Persistent link: https://www.econbiz.de/10013316602
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Competition in the International Niobium Market : An Econometric Study
Silveira, Jailison W. - 2017
Niobium is a highly strategic mineral, in which Brazil holds almost all of the world's reserves followed by Canada …
Persistent link: https://www.econbiz.de/10012942003
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School Competition and Students' Entrepreneurial Intentions : International Evidence Using Historical Catholic Roots of Private Schooling
Falck, Oliver - 2010
effect of private-school competition on students' entrepreneurial intentions. We exploit Catholic-Church resistance to state …
Persistent link: https://www.econbiz.de/10013142145
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Cross-Border Banking in Regulated Markets : Is Financial Integration Desirable?
Haufler, Andreas - 2016
untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign … of bank failure is partly borne by taxpayers in the banks' home countries. Moreover, each bank chooses the share of its … lending allocated between domestic and foreign firms, but the bank's overall loan volume is fixed by a capital requirement set …
Persistent link: https://www.econbiz.de/10012978391
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Terrorist Attacks and Financial Markets
Bonekamp, Bas - 2017
This paper investigates the magnitude and the duration of the effect of a terrorist attack on stock market indices. We investigate the impact of New York (2001), Madrid (2004), London (2005), Boston (2013), Paris (2015), Brussels (2016), Nice (2016) and Berlin (2016) on the stock indices of the...
Persistent link: https://www.econbiz.de/10012962114
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Financial Development and Income Inequality
Jauch, Sebastian - 2012
We analyze the link between financial development and income inequality for a broad unbalanced dataset of up to 138 developed and developing countries over the years 1960 to 2008. Using credit-to-GDP as a measure of financial development, our results reject theoretical models predicting a...
Persistent link: https://www.econbiz.de/10013112605