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We provide the first estimates of the extent of common ownership of competing firms in Australia. Combining data on market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration. Among firms where we can identify at least one owner, 31...
Persistent link: https://www.econbiz.de/10012507267
This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find … energy prices both at home and abroad. Finally, competitiveness impacts in some (sub)sectors will be considerable. These …, may soften the adverse competitiveness impact in the EU. …
Persistent link: https://www.econbiz.de/10010422070
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013166348
We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial …
Persistent link: https://www.econbiz.de/10012597680
terms of foreign exchange market dynamics. An implementable financial stress index (FSI) is created and then used to … currencies) and we show that such an index has potential value in protecting a portfolio against loss during periods of stress …
Persistent link: https://www.econbiz.de/10003861767
We formulate a simple theoretical model of a banking industry that we use to identify and construct theory-based measures of systemic bank shocks (SBS). These measures differ from "banking crisis" (BC) indicators employed in many empirical studies, which are constructed using primarily...
Persistent link: https://www.econbiz.de/10003994497
elderly? What is the nature of a fiscal incidence index on a budgetary basis versus a theoretically more satisfactory index … on the fiscal incidence of home care programs. -- home care of the elderly ; price-subsidy ; fiscal incidence index ; non …
Persistent link: https://www.econbiz.de/10009488846
-homothetic case, these indexes are superior both to Fisher s ideal index and to the consumer surplus approximation. …
Persistent link: https://www.econbiz.de/10011514055
The production index is an important indicator for assessing the cyclical state of the economy. Unfortunately, the …
Persistent link: https://www.econbiz.de/10011514105
In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension … schemes. Our index solely requires information on contributions and pension benefits of retirees, enabling us to measure intra … predictions of our index. The reform introduced additional benefits for a subgroup of substantial size of German mothers, due to …
Persistent link: https://www.econbiz.de/10012197556