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Media market concentration, advertising levels, and ad prices
Anderson, Simon P.; Foros, Oystein; Kind, Hans Jarle; … - 2011
Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce per-viewer ad prices. The empirical evidence, however, is mixed. We attribute the theoretical predictions to the combined assumptions that there is no advertising congestion and...
Persistent link: https://www.econbiz.de/10009388315
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Product differentiation and oligopoly : a network approach
Pellegrino, Bruno - 2023
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10013503368
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Low interest rates and banks' interest margins : does belonging to a banking group matter?
Argimón, Isabel; Danton, Jayson M.; Haan, Jakob de; … - 2021
Using data for a large sample of banks from 31 OECD countries over 1995–2018, we analyze the impact of belonging to a banking group on banks’ net interest margins. Our results confirm a positive relationship between interest rates and interest margins, which is stronger in a low-interest...
Persistent link: https://www.econbiz.de/10012628790
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Identification of segments of European banks with a latent class frontier model
Barros, Carlos Pestana (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003599497
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Bank concentration and monetary policy pass-through
Gödl-Hanisch, Isabel - 2023
This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …
Persistent link: https://www.econbiz.de/10014251891
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Flexible prices and leverage
D'Acunto, Francesco; Liu, Ryan; Pflueger, Carolin; … - 2017
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...
Persistent link: https://www.econbiz.de/10011597779
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Integrated versus segmented markets : implications for export pricing and welfare
Becker, Raphael N.; Nigai, Sergey; Seidel, Tobias - 2020
This paper challenges the common assumption of market segmentation in international trade. To analyze export entry and pricing decisions of firms in integrated vs. segmented markets, we develop a novel tractable approach based on stochastic export costs that allows us to compare firm-level and...
Persistent link: https://www.econbiz.de/10012294832
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Does marketing widen borders? : cross-country price dispersion in the European car market
Dvir, Eyal; Strasser, Georg - 2017 - This version: May 2017
We study cross-country price differences in the European market for new passenger cars based on detailed pricing and technical data. Car prices in Europe converged until the year 2003, but not thereafter. Within the EU 15 countries the price range of the median model in 2004 was close to 20...
Persistent link: https://www.econbiz.de/10011721533
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Prices, schedules, and passenger welfare in multi-service transportation systems
Billette de Villemeur, Étienne; Vinella, Annalisa - 2019
We consider a multi-service transportation system in which passengers are heterogeneous along two dimensions, namely ideal departure time and value of time, leading to both horizontal and vertical differentiation. We investigate the behavior of passengers, and assess how service pricing and...
Persistent link: https://www.econbiz.de/10012103986
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Ten facts on declining business dynamism and lessons from endogenous growth theory
Akcigit, Ufuk; Ates, Sina T. - 2019
In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...
Persistent link: https://www.econbiz.de/10012104042