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Comments on the 2023 draft merger guidelines : a labor market perspective

Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …

Persistent link: https://www.econbiz.de/10014335050

External monetary shocks and monetary integration : evidence from the Bulgarian currency board

Minea, Alexandru; Rault, Christophe - 2011

Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if the adoption of the CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration...

Persistent link: https://www.econbiz.de/10009309508

Forward guidance and household expectations

Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2020

We compare the causal effects of forward guidance communication about future interest rates on households' expectations of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized controlled trial using more than 25,000 U.S. individuals...

Persistent link: https://www.econbiz.de/10012177886

Competition and innovation : the breakup of IG Farben

Poege, Felix - 2022

The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market structure is rare. The 1952 breakup of Germany's leading chemical company, IG Farben, represents such a disruption. After the Second World War, the Allies occupying Germany imposed...

Persistent link: https://www.econbiz.de/10013358717

Bubble economics and structural change : the cases of Spain and France compared

Agnese, Pablo; Hromcová, Jana - 2015

This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting structural change that is arguably needed to put the economy back into the right track. For this purpose we calibrate a model with different equilibria descriptive of the labor...

Persistent link: https://www.econbiz.de/10010502798

Interest rate hysteresis in macroeconomic investment under uncertainty

Belke, Ansgar; Göcke, Matthias - 2019

of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …

Persistent link: https://www.econbiz.de/10012099522

Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area

Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019

. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank …

Persistent link: https://www.econbiz.de/10012099559

Demography and provisions for retirement : the pension composition, a behavioral approach

Praag, Bernard M. S. van; Hop, J. Peter - 2020

Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture...

Persistent link: https://www.econbiz.de/10012160984

Cross-border mergers and national champions in an integrating economy

Südekum, Jens (contributor) - 2006

We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of trade freeness, (ii) the possibility of rent...

Persistent link: https://www.econbiz.de/10003355552

Redesigning teams and incentives in a merger : an experiment with managers and students

Montmarquette, Claude; Rullière, Jean-Louis; Villeval, … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001948621

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