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Horizontal merger of differentiated firms with product consolidation: the effect of change in substitutability

Matsubayashi, Nobuo; Hashimoto, Tatsuya - In: Economics Bulletin 30 (2010) 1, pp. 94-102

This paper studies an effect of a horizontal merger where a product consolidation by the merged firm may alter the substitutability in the industry. We show that as the number of firms in the industry increases, this type of merger becomes profitable for merging firms, while unprofitable for...

Persistent link: https://www.econbiz.de/10008546798

Note on Stable Mergers in a Market with Asymmetric Substitutability

Watanabe, Takayuki; Matsubayashi, Nobuo - In: Economics Bulletin 33 (2013) 3, pp. 2024-2033

This paper studies the stability of mergers between firms in a Cournot market. Unlike most existing works, we consider a demand structure where the substitutability between firms is asymmetric. We specifically focus on the stability of the grand coalition by analyzing the core allocation. The...

Persistent link: https://www.econbiz.de/10010685802

Horizontal merger of differentiated firms with product consolidation: the effect of change in substitutability

Matsubayashi, Nobuo; Hashimoto, Tatsuya - In: Economics Bulletin 30 (2010) 1, pp. 94-102

Persistent link: https://www.econbiz.de/10008563114

Education, growth and technology diffusion

Heinrich, Tobias - In: Economics Bulletin 32 (2012) 1, pp. 866-870

-country datasets. The empirical results give evidence that all types of education are important for TFP growth and that there is an … interaction between education and the distance to the technology frontier. However, the analysis of sub samples of the data …

Persistent link: https://www.econbiz.de/10011278861

Impact of education on the shadow economy: Institutions matter

Buehn, Andreas; Farzanegan, Mohammad Reza - In: Economics Bulletin 33 (2013) 3, pp. 2052-2063

Using panel data for more than 80 countries from 1999-2007 this paper studies the marginal effect of education on the … shadow economy, particularly considering the quality of institutions. The results show that higher levels of education fuel …

Persistent link: https://www.econbiz.de/10010836002

Gender Based Differences in Managerial Experience: The Case of Informal Firms in Rwanda

Kushnir, Khrystyna; Amin, Mohammad - In: Economics Bulletin 33 (2013) 4, pp. 3032-3049

The paper contributes to the literature on gender-based disparity in human capital by extending existing results on educational attainment to the number of years of experience that female vs. male managers have among informal or unregistered firms. Using the case of Rwanda, results show that the...

Persistent link: https://www.econbiz.de/10010726682

Does education really matter for environmental quality?

Kinda, Romuald S - In: Economics Bulletin 30 (2010) 4, pp. 2612-2626

This paper investigates the impact of education on the growth of carbon dioxide emissions per capita over the period … 1970-2004 in 85 countries. Using panel data and applying GMM-System estimations, our results suggest that education has no … sub-sample, education does matter for air pollution growth in the developed countries. More interestingly, when …

Persistent link: https://www.econbiz.de/10008672245

Does offering more Advanced Placement courses increase enrollment?

Lang, Bree J - In: Economics Bulletin 31 (2011) 1, pp. 893-904

This study utilizes a grant in California that required a group of high schools to increase the number of Advanced Placement (AP) courses offered to their students. The grant provides an arguably exogenous increase in the number of AP courses offered in a school. Using an instrumental variable...

Persistent link: https://www.econbiz.de/10008868006