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Affeldt, Pauline Luise; Duso, Tomaso; Szücs, Florian - 2020

We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the 1990-2014 period, we evaluate how consistently...

Persistent link: https://www.econbiz.de/10012200178

Entry barriers and the labor market outcomes of incumbent workers : evidence from a deregulation reform in the German crafts sector

Lergetporer, Philipp; Ruhose, Jens; Simon, Lisa - 2018

We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become self-employed in some occupations. Using longitudinal social security data, we implement a matched difference-in-differences design with entropy balancing to account for...

Persistent link: https://www.econbiz.de/10011921984

Credit supply shocks and firm dynamics : evidence from Brazil

Bazzi, Samuel; Muendler, Marc-Andreas; Oliveira, Raquel F. - 2023

We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...

Persistent link: https://www.econbiz.de/10014391287

Assessing EU merger control through compensating efficiencies

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...

Persistent link: https://www.econbiz.de/10012668490

Market concentration in Europe : evidence from antitrust markets

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...

Persistent link: https://www.econbiz.de/10012421242

Robust determinants of the shadow economy : an international comparison

Goel, Rajeev K.; Nelson, Michael A. - 2016

To synthesize the literature on determinants of the shadow economy, this paper uses three cross-national shadow economy measures and employs numerous determinants over hundreds of model combinations to identify robust determinants of the shadow economy and address modeling uncertainty. We find...

Persistent link: https://www.econbiz.de/10011457984

Market competition and efficient cooperation

Brandts, Jordi; Riedl, Arno - 2016

We use laboratory experiments to study the causal effects of favorable and unfavorable competitive market experience on cooperation in a subsequent social dilemma game. The issues we study are part of the broader topic of whether there are behavioral spillovers between different spheres of...

Persistent link: https://www.econbiz.de/10011414636

The interplay between regulation and competitions : the case of universal service obligations

Hörnig, Steffen; Valletti, Tommaso M. - 2002

Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...

Persistent link: https://www.econbiz.de/10011409371

How does competition affect reputation concerns? : theory and evidence from Airbnb

Rossi, Michelangelo - 2019

I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of … competition on sellers' incentives is theoretically ambiguous. More competition disciplines sellers, but, at the same time, it … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …

Persistent link: https://www.econbiz.de/10012138911

Competition and the role of group identity

Cornaglia, Francesca; Drouvelis, Michalis; Masella, Paolo - 2019

The emergence of competition is a defining aspect of human nature and characterizes many important social environments … stronger competitiveness in within group (ingroup) matchings than in between group (outgroup) matchings or in a control setting …

Persistent link: https://www.econbiz.de/10012022084

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