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Two-sided market, R&D and payments system evolution

Li, Bin; McAndrews, James Joseph; Wang, Zhu - 2019

It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...

Persistent link: https://www.econbiz.de/10012009590

Network Externalities and Dollarization Hysteresis : The Case of Russia

Oomes, Nienke - 2003

which network externalities in the demand for currency can generate multiple stable steady states for the dollarization … estimates, which confirm the existence of network externalities, the paper discusses several policies that could result in a …

Persistent link: https://www.econbiz.de/10014403658

Social Welfare and Cost Recovery in Two-Sided Markets

Bolt, Wilko - 2005

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that users on either side of the market exert on the opposite side. The contribution of...

Persistent link: https://www.econbiz.de/10014404197

Evolution of the global financial network and contagion : a new approach

Korniyenko, Yevgeniya; Patnam, Manasa; Del Rio-Chanona, … - 2018

multilayer network framework is applied to link debt and equity exposures across countries. Use of this approach-that examines … of financial contagion.The structure of the global financial network has changed since the global financial crisis … and contagion remain similar in that network is highly susceptible to shocks from central countries and those with large …

Persistent link: https://www.econbiz.de/10011852664

Quality, Trade, and Exchange Rate Pass-Through

Chen, Natalie - 2014

for higher quality goods. We test the proposed theory using a highly disaggregated Argentinean firm-level wine export …

Persistent link: https://www.econbiz.de/10014411197

The Dynamics of Product Quality and International Competitiveness

Mody, Ashoka - 2007

Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export growth, expanding significantly their shares of world markets. Does this mean that the real exchange...

Persistent link: https://www.econbiz.de/10014400905

Price Imputation and Other Techniques for Dealing with Missing Observations, Seasonality and Quality Change in Price Indices

Armknecht, Paul A. - 1999

Price index compilers frequently face situations where price observations are missing due to seasonal unavailability, supply shortages, or the discontinuation of products. Incorrect treatment of such situations can result in biased price indices. This paper presents statistical imputation...

Persistent link: https://www.econbiz.de/10014400856

A narrative database of major labor and product market reforms in advanced economies

Duval, Romain; Furceri, Davide; Hu, Bingjie; Jalles, … - 2018

period 1970-2013. The focus is on large changes in product market regulation in seven individual network industries …

Persistent link: https://www.econbiz.de/10011799330

Trade linkages, balance sheets, and spillovers : the Germany-Central European Supply Chain

Elekdaǧ, Selim Ali; Muir, Dirk - 2013

Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain (GCESC). Model-based simulations suggest two key...

Persistent link: https://www.econbiz.de/10012667496

Quality upgrading and export performance in the Asian growth miracle

Papageorgiou, Chris; Perez-Sebastian, Fidel; Spatafora, … - 2019

We explore the contribution of product-quality upgrading to the export performance of six fast-growing Asian economies: China, India, Indonesia, Malaysia, South Korea, and Thailand. We focus on measuring the impact of quality upgrading on the changes in these countries' sectoral export shares...

Persistent link: https://www.econbiz.de/10012154895