Showing 1 - 10 of 3,585
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
The research agenda of Europeanization is currently highly focused on issued related to what accounts for the 'horizontal' interaction between domestic actors and how these actors make use of stimuli originating from the EU. This paper aims to contribute to this line of inquiry through the case...
Persistent link: https://www.econbiz.de/10003922685
Persistent link: https://www.econbiz.de/10003647263
long as the seller conserves. This contradiction implies that the market for conservation cannot be efficient and … conservation is likely to fail. A leasing market is inefficient for similar reasons and dominates the sales market if and only if … the conservation value is low, the consumption value high, and the buyerś protection cost large. The theory explains why …
Persistent link: https://www.econbiz.de/10009764409
capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis …), arguing that the existence of an active stock market is a necessary, but by no means sufficient condition for the development …
Persistent link: https://www.econbiz.de/10011506429
consider improvements to market design and regulation as these two energy markets become increasingly interlinked. …
Persistent link: https://www.econbiz.de/10011735963
Persistent link: https://www.econbiz.de/10003624931
This paper considers the problem of a water management authority faced with the threat of a drought that hits at an uncertain date. Three management policies are investigated: i) a laissez-faire (open-access) policy of automatic adjustment through a zero marginal private net benefit condition,...
Persistent link: https://www.econbiz.de/10011497789