Showing 1 - 7 of 7
result using efficiency, anonymity, and marginality or independence, which generalizes Young‘s characterization of the …
Persistent link: https://www.econbiz.de/10012010357
The Coleman Power of the Collectivity to Act (CPCA) is a popular statistic that reflects the ability of a committee to pass a proposal. Applying the Shapley value to this measure, we derive a new power index that indicates each voter's contribution to the CPCA. This index is characterized by...
Persistent link: https://www.econbiz.de/10011844627
the form of various state aid programs. Yet, the effectiveness and the efficiency of such programs remains largely …
Persistent link: https://www.econbiz.de/10012605296
improving efficiency. …
Persistent link: https://www.econbiz.de/10003860963
different markets. We focus on the interaction between the merger's effects on downstream efficiency and on buyer power in a … the downstream efficiency of the merging parties. When the upstream cost function is convex, we find that there are … "waterbed effects," that is, each small retailer pays a higher average tariff if a buyer merger improves downstream efficiency …
Persistent link: https://www.econbiz.de/10009237940
policy goals expressed during the reform phase (2005 to 2009), the Guidance Paper and the increasing relevance of efficiency …
Persistent link: https://www.econbiz.de/10010190124
This paper studies five mergers in the European wireless telecommunication industry and analyzes their impact on prices and capital expenditures of both merging carriers and their rivals. We find substantial heterogeneity in the relationship between increases in concentration and carriers'...
Persistent link: https://www.econbiz.de/10011787933