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Persistent link: https://www.econbiz.de/10003498634
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10003925257
After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …
Persistent link: https://www.econbiz.de/10011507914
We interpret the Open Method of Coordination (OMC), recently adopted by the EU as a mode of governance in the area of social policy and other fields, as an imitative learning dynamics of the type considered in evolutionary game theory. The best-practise feature and the iterative design of the...
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deregulation increases training incidence. -- training ; product market competition ; Europe …
Persistent link: https://www.econbiz.de/10003937794
It is often argued that tax competition may lead to a 'race to the bottom'. This result may indeed hold in the case of factor mobility (such as capital). However, in this paper we emphasize the unique feature of labor migration, that may nullify the 'race to the bottom' hypothesis. Labor...
Persistent link: https://www.econbiz.de/10003974528
this result in a dynamic general equilibrium model where market participants have heterogeneous liquidity needs and where … money market rate and the volumes traded at the ECB's deposit and lending facilities in response to the recent financial … crisis. -- monetary policy ; open market ; operations ; standing facilities …
Persistent link: https://www.econbiz.de/10008732253