Similar Search Results

Merger policy in digital markets : an ex-post assessment

Argentesi, Elena; Buccirossi, Paolo; Calvano, Emilio; … - 2019

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...

Persistent link: https://www.econbiz.de/10012138666

Dynamic competition with network externalities : why history matters

Hałaburda, Hanna; Jullien, Bruno; Yehezkel, Yaron - 2016 - September 2013, revised March 2016

We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the market in the previous period becomes "focal" in the current period, in that agents play the equilibrium in which they adopt the focal platform whenever such equilibrium exists....

Persistent link: https://www.econbiz.de/10011451079

Heterogeneity and the Dynamics of Technology Adoption

Ryan, Stephen P. - 2011

We estimate the demand for a videocalling technology in the presence of both network effects and heterogeneity. Using a unique dataset from a large multinational firm, we pose and estimate a fully dynamic model of technology adoption. We propose a novel identification strategy based on...

Persistent link: https://www.econbiz.de/10012461404

Open Access as a Crude Solution to a Hold-up Problem in the Two-Sided Market for Academic Journals

McCabe, Mark J. - 2016

The move from traditional to open-access journals--which charge no subscription fees, only submission fees--is gaining support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this boosts...

Persistent link: https://www.econbiz.de/10012456455

Selectivity, Market Timing and the Morningstar Star-Rating System

Antypas, Antonios; aporale, Guglielmo Maria; … - 2009

This paper evaluates the Morningstar mutual fund ranking system. We find that indeed higher Morningstar ratings are associated with higher returns on the portfolios including respectively five-, four-, three-, two- and one-star funds only (STAR5 to STAR1). We then perform an unconditional and...

Persistent link: https://www.econbiz.de/10003817961

Does the nominal exchange rate regime matter for investment?

Böhm, Hjalmar; Funke, Michael - 2001

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …

Persistent link: https://www.econbiz.de/10011400788

The Ifo Investment Database

Strobel, Thomas; Sauer, Stefan; Wohlrabe, Klaus - 2013

In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in … allows allocating investments by asset type to each industry, using an investment flow matrix. The database enables … researchers to analyze structural investment behavior on the industry level and to identify changes in the importance of in-vestment …

Persistent link: https://www.econbiz.de/10009721990

The risk of policy tipping and stranded carbon assets

Ploeg, Frederick van der; Rezai, Armon - 2019 - Revised July 2019

capitalization, exploration investment and discoveries. To explain and quantify these four effects, we use an analytical model of … investment in exploration capital with intertemporal adjustment costs, depletion of reserves and market capitalization, and …

Persistent link: https://www.econbiz.de/10012039083

Growth and trade with frictions : a structural estimation framework

Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015

. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …

Persistent link: https://www.econbiz.de/10011298529

Infinite dimensional VARs and factor models

Chudik, Alexander (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003624878

1
2
3
4
5
6
7
8
9
10
Next
Last