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Credit Market Competition and Liquidity Crises
Carletti, Elena - 2014
credit market competition is intense. The latter emerges when banks exercise market power. Thus, competition is beneficial to …
Persistent link: https://www.econbiz.de/10013057257
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Self-Fulfilling Credit Cycles
Azariadis, Costas - 2015
In U.S. data 1981–2012, unsecured firm credit moves procyclically and tends to lead GDP, while secured firm credit is acyclical; similarly, shocks to unsecured firm credit explain a far larger fraction of output fluctuations than shocks to secured credit. In this paper we develop a tractable...
Persistent link: https://www.econbiz.de/10013024359
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Salience, Competition, and Decoy Goods
Herweg, Fabian - 2016
competition by a competitive fringe that produces low quality. We show that the brand manufacturer optimally provides a decoy good …
Persistent link: https://www.econbiz.de/10012977553
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Short-Term Price Effects of a Carbon Tax and Implications for Sectors Competitiveness in Small Open Economies
Gonne, Nicolas - 2021
Asymmetric climate policies are expected to distort the level-playing field regarding international trade, singularly to the detriment of small open economies. The paper develops a flexible method that provides essential input regarding the design of offsetting measures. It builds on...
Persistent link: https://www.econbiz.de/10013316128
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Competition for FDI and Profit Shifting
Ma, Jie - 2015
When countries compete for the location of a new multinational plant they need to be aware of the profit shifting opportunities this new plant creates for the global multinational firm. By modelling explicitly the multinational's intra-firm transactions, we show that the home market advantage...
Persistent link: https://www.econbiz.de/10013029510
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Advertising Competition in the Free-to-Air TV Broadcasting Industry
Ivaldi, Marc - 2017
This paper empirically investigates the advertising competition in the French broadcast television industry within a … oligopoly competition and identify the shape and magnitude of the feedback loop between TV viewers and advertisers. We also … implement a simple procedure to identify the conduct of firms on the market. We find that the nature of competition in the …
Persistent link: https://www.econbiz.de/10012955187
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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. Niobium has an important role in steel alloys for the aerospace industry and future potential for the industry's superconductors. The present paper investigates the prevailing...
Persistent link: https://www.econbiz.de/10012942003
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Environmental Regulation and Competitiveness : Evidence from Romania
Arouri, Mohamed El Hedi; Caporale, Guglielmo Maria; … - 2021
According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant location. Specifically, environmental stringency should decrease exports and increase imports of 'dirty' goods. This paper estimates a gravity model to establish whether the...
Persistent link: https://www.econbiz.de/10013315867
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Competition for Migrants in a Federation : Tax or Transfer Competition?
Koethenbuerger, Marko - 2012
The paper provides an equilibrium analysis of how countries compete for migrants. The type of competition (tax or … transfer competition) depends on whether the competing countries have similar policy preferences. With symmetric preferences …, countries compete in taxes for migrants. With asymmetric preferences, migration competition takes place in income support levels …
Persistent link: https://www.econbiz.de/10013111835
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Sustainability of Product Market Collusion Under Credit Market Imperfections
Marjit, Sugata - 2017
We study the implications of credit constraints for the sustainability of product market collusion in a bank-financed oligopoly in which firms face an imperfect credit market. We consider two situations, without and with credit rationing, i.e., with a binding credit limit. When there is credit...
Persistent link: https://www.econbiz.de/10012963378