Showing 1 - 10 of 489
Recent advances in telecommunications, particularly using fibre technologies, permit many services based on data …-processing to be performed anywhere in the world. They thus become tradable and subject to the laws of comparative advantage. A good … to create a level playing field between the country's former telecommunications monopolist and foreign competitors and …
Persistent link: https://www.econbiz.de/10013158458
The paper aims at empirically investigating the relationship between regulation and the capital structure of the regulated firm, A key aspect of the referred relationship pertains a leverage effect according to which debt could be increased as a response to previous physical capital investment...
Persistent link: https://www.econbiz.de/10013316358
In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing relatively close substitutes by implementing a price-dependent profit-sharing rule. The rule also ensures that the downstream firms undertake investments which benefit the industry in...
Persistent link: https://www.econbiz.de/10012777494
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10013094726
Currently, U.S. and EU telecommunications policies differ in many respects. For example, wholesale access to local … telecommunications policies in the U.S. and EU? Based on a survey of the relevant U.S. and EU related economics literature the current …
Persistent link: https://www.econbiz.de/10013051376
We consider a network that intermediates traffic between free content providers and consumers. While consumers do not know the traffic cost when deciding on consumption, a content provider knows his cost but may not control the consumption. We study how pricing consumers' and content providers'...
Persistent link: https://www.econbiz.de/10013055385
Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...
Persistent link: https://www.econbiz.de/10013159698
Empirical evidence that migrants send home more remittances after disasters raises the question of whether remittances can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a unique data set on the usage patterns of financial services...
Persistent link: https://www.econbiz.de/10013094542
bank internationalization. Second, only a few non-financial firms engage in international trade, but many banks hold …
Persistent link: https://www.econbiz.de/10013095225
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10013071385