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Energy services at local and national level in the transition period in Hungary

Valentiny, Pál - 2008

Energy industries are mainly organised at national level in Hungary, however local governments have their specific role in the system. Local governments have been major performers in the first period of the transition process: they were entitled to receive 25 per cent of the shares in electric...

Persistent link: https://www.econbiz.de/10010494369

Political Selection of Firms into Privatization Programs - Evidence from Romanian Comprehensive Data

Szentpéteri, Ádám; Telegdy, Álmos - 2008

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization programs. Using a comprehensive dataset that includes all firms inherited from...

Persistent link: https://www.econbiz.de/10010494385

Political Selection of Firms into Privatization Programs. Evidence from Romanian Comprehensive Data

Szentpéteri, Ádám; Telegdy, Álmos - 2009

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that includes all firms inherited from socialism, we estimate...

Persistent link: https://www.econbiz.de/10010494403

Political Objectives and Privatization Decisions - Selection of Firms into Privatization or Long-Term State Ownership in Romania

Szentpéteri, Ádám; Telegdy, Álmos - 2009

With the help of a peculiar institutional feature of early Romanian privatization, when a group of firms was explicitly banned to become private, we test which factors contributed to the selection of firms into long-term state ownership. We find that politicians sheltered large and inefficient...

Persistent link: https://www.econbiz.de/10010494411

Trade credit and pricing: An empirical evaluation

Amberg, Niklas; Jacobson, Tor; von Schedvin, Erik - 2018

trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices … funding costs and counterparty risks. Our results thus demonstrate the importance of trade credit for price setting and show …

Persistent link: https://www.econbiz.de/10011943324

Globalization and the markups of European firms

Békés, Gábor; Hornok, Cecília; Muraközy, Balázs - 2016

We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...

Persistent link: https://www.econbiz.de/10011944878

Does one more or one less mobile operator affect prices? A comprehensive ex-post evaluation of entries and mergers in European mobile telecommunication markets

Csorba, Gergely; Pápai, Zoltán - 2015

This paper estimates the impact of entries and mergers on the price of mobile voice services in a panel database of 27 … lead to misleading conclusions. We find no robust evidence that entry has a price-decreasing effect on markets with … originally 2 operators. However, the entry of a 4th operator does have a price-decreasing effect, but with different dynamics …

Persistent link: https://www.econbiz.de/10011444415

Markup and productivity of exporters and importers

Hornok, Cecília; Muraközy, Balázs - 2015

This paper studies the relationship between firm markups and importing intermediate inputs and exporting using detailed firm-level data from Hungary in 1995-2003. We estimate production functions structurally to obtain firm-year-level productivity and markup estimates. We find that importing...

Persistent link: https://www.econbiz.de/10011444425

Does inflation targeting reduce the dispersion of price setters' inflation expectations?

Paulie, Charlotte - 2019

decompose the change in the price-change distribution by potential explanatory factors, about 63 percent of the decrease in the … price-change dispersion can be attributed to a decrease in the cross-sectional variance of inflation expectations. The lower …

Persistent link: https://www.econbiz.de/10012182832

A modelling of the role of social networks in market mechanism: Social ties as screening tools in price discrimination

Kiss, Károly Miklós; Edőcs, Kinga - 2018

moral hazard problems, but this area is still under-developed. Price discrimination is a representative situation where …

Persistent link: https://www.econbiz.de/10012290271