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Location of foreign direct investment in vertically related markets
Milliou, Chrysovalantou - 2013
We provide an alternative explanation for the commonly observed FDI in developed countries (DCs) considering a vertically related market structure and endogenizing vertical technology transfer (VTT). We show that even though VTT is more costly in a less developed country (LDC), a multinational...
Persistent link: https://www.econbiz.de/10009707619
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Foreign direct investment modes and local backward linkages
Milliou, Chrysovalantou; Pavlou, Apostolis - 2014
We study a multinational enterprise's (MNE) choice of foreign direct investment (FDI) mode in a vertically related market with local input sourcing. We show that the vertical structure of the market and its features play a crucial role for the MNE's decision: backward linkages, enhanced upstream...
Persistent link: https://www.econbiz.de/10010238336
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Upstream horizontal mergers and efficiency gains
Milliou, Chrysovalantou; Pavlou, Apostolis - 2009
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments and decreases wholesale prices when downstream...
Persistent link: https://www.econbiz.de/10010484491
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Manufacturers mergers and product variety in vertically related markets
Milliou, Chrysovalantou; Sandonís, Joel - 2014
We study final product manufacturers’ incentives to introduce new products into the market and how they are affected by a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a manufacturers merger, although it leads to an increase in...
Persistent link: https://www.econbiz.de/10010388531
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Vertical licensing, input pricing, and entry
Bakaouka, Elpiniki; Milliou, Chrysovalantou - 2017
We explore the incentives of a vertically integrated incumbent firm to license the production technology of its core input to an external firm, transforming the licensee into its input supplier. We find that the incumbent opts for licensing even when licensing also transforms the licensee into...
Persistent link: https://www.econbiz.de/10011597751
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Vertical market power in interconnected natural gas and electricity markets
Marks, Levi; Mason, Charles F.; Mohlin, Kristina; … - 2017
New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region’s wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...
Persistent link: https://www.econbiz.de/10011735963
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Vertical relations, passthrough and market definition : evidence from grocery retailing
Haucap, Justus; Heimeshoff, Ulrich; Klein, Gordon J.; … - 2020
We examine how different pass-through rates, from input- to final consumer prices, and different vertical contracts affect upstream market definition. Our theory model predicts that, under reasonable conditions, higher pass-through rates lead to definitions of larger upstream markets. Data...
Persistent link: https://www.econbiz.de/10012313781
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Microeconometric evidence of financing frictions and innovative activity
Tiwari, Amaresh K.; Mohnen, Pierre A.; Palm, Franz C.; … - 2014
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
Persistent link: https://www.econbiz.de/10010249680
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The impacts of feed-in tariffs on innovation : empirical evidence from Germany
Böhringer, Christoph; Cuntz, Alexander; Harhoff, Dietmar; … - 2014
a massive expansion of electricity from renewable energy sources in Germany over the last decade. The increase in non … promotion. In this paper, we assess one popular justification for feed-in tariffs, i.e., induced innovation as a positive … spillover externality. Based on regressions with a time-technology fixed effect negative binomial model, we find that innovation …
Persistent link: https://www.econbiz.de/10010252146
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Trust, competition and innovation : theory and evidence from German car manufacturers
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2015
We develop a simple theoretical model of a long term buyer-supplier relationship with non-contractible buyer specific R&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement strategies. We address these issues empirically...
Persistent link: https://www.econbiz.de/10010485523