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remedial measures imposed by the Norwegian Competition Authority on the two merging parties are also likely to explain some of …
Persistent link: https://www.econbiz.de/10012698803
This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an …. The cross-sectional and longitudinal variation in competition in local markets are used to identify the relationship … between competition and risk taking, which we measure by the non-performing loans and loss provision rates of the individual …
Persistent link: https://www.econbiz.de/10014284697
This paper provides evidence on price rigidity at the product- and firm-level in Norway. A strong within-firm synchronization is found supporting the theory of economies of scope in menu costs. The industry synchronization effects are found to be small suggesting that firms either have some...
Persistent link: https://www.econbiz.de/10012612687
We assess empirically the micro-foundations of producers' sticky pricing behaviour. The intertemporal profit function considered accounts for various functional forms of menu costs. The focus is on the analysis of multiproduct plants, and the menu costs therefore also allow for economies of...
Persistent link: https://www.econbiz.de/10011415105
Existing micro evidence of firms' price changes tends to show a downward sloping hazard rate - the longer the price of a product has remained the same, the less likely it is that the price will change. Using a panel of Norwegian plant- and product-specific prices, we also find a downward sloping...
Persistent link: https://www.econbiz.de/10011872937
The price-setting behaviour of manufacturing plants is examined using a large panel of monthly surveyed plant- and product-specific prices. The sample shows a high frequency of zero changes, relatively small price changes, and a strong seasonal price-change pattern. The intermittent feature of...
Persistent link: https://www.econbiz.de/10011872944