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Liberalisation, concentration and diversification : business groups in India, 2000-2020

Commander, Simon; Estrin, Saul; Thomas, Naveen; … - 2024

We analyse changes in market structure in India between 2000 and 2020 using a rich dataset at high levels of disaggregation. We examine the extent to which business groups - notably family-owned groups - have maintained dominant market positions in the Indian economy. We focus on two key...

Persistent link: https://www.econbiz.de/10015084190

Political connections, business groups and innovation

Commander, Simon; Estrin, Saul; Silva, Thamashi de - 2023

It has been argued that Asia's remarkable economic achievements of the past 50 years build on institutional arrangements very different from the West, notably the central role of business groups (BGs). As Asian economies move from extensive to intensive growth, we enquire whether the business...

Persistent link: https://www.econbiz.de/10014230223

Wages, hires, and labor market concentration

Marinescu, Ioana; Ouss, Ivan; Pape, Louis-Daniel - 2020

.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …

Persistent link: https://www.econbiz.de/10012213951

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

Foreign ownership, employment and wages in Brazil : evidence from acquisitions, divestments and job movers

Martins, Pedro S. (contributor); … - 2008

employment and wage practices of foreign and domestic firms in Brazil, using detailed matched firm-worker panel data. In order to …

Persistent link: https://www.econbiz.de/10003724136

Empowerment and the dark side of delegation

Kräkel, Matthias - 2018

The existing delegation literature has focused on different preferences of principal and agent concerning project selection, which makes delegating authority costly for the principal. This paper shows that delegation has a cost even when the preferences of principal and agent are exogenously...

Persistent link: https://www.econbiz.de/10011795221

Optimal incentive contracts under moral hazard when the agent is free to leave

Englmaier, Florian; Mühlheußer, Gerd; Roider, Andreas - 2010

We characterize optimal incentive contracts in a moral hazard framework extended in two directions. First, after effort provision, the agent is free to leave and pursue some ex-post outside option. Second, the value of this outside option is increasing in effort, and hence endogenous. Optimal...

Persistent link: https://www.econbiz.de/10003984691

Monopsony power and guest worker programs

Gibbons, Eric M.; Greenman, Allie; Norlander, Peter; … - 2019

markets, based on federal merger scrutiny guidelines, and that concentration generally decreases wages. For example, moving …

Persistent link: https://www.econbiz.de/10011974378

Distributional effects of competition: a simulation approach

Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021

Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...

Persistent link: https://www.econbiz.de/10012418634

Common ownership of competing firms: evidence from Australia

Leigh, Andrew; Triggs, Adam - 2021

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/10012513226