Showing 1 - 10 of 77
analysis. These findings show that European Commission interventions are competition enhancing and support the expected …
Persistent link: https://www.econbiz.de/10008701352
to initiate adequate investment incentives. Using a two-equation estimation approach, a direct competition effect (more … service competition increases the supply of infrastructure) can be disentangled from an indirect effect (more service … competition increases the demand for infrastructure quality and, as a consequence, increases the supply of infrastructure). While …
Persistent link: https://www.econbiz.de/10008701353
This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping and regulatory certification. Using differences in rating composition, default prediction and credit...
Persistent link: https://www.econbiz.de/10013156427
comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …
Persistent link: https://www.econbiz.de/10011443499
their investments. Competition is, however, not localized within a market segment and the class of new or old models, i …
Persistent link: https://www.econbiz.de/10003793986
We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between 1995 and 2010. Applying fixed effects regression models we find that route exits due to liquidation lead to substantially larger price increases than mergerrelated exits. Within...
Persistent link: https://www.econbiz.de/10009550127
redistribution to a model of "interjurisdictional welfare competition." Although welfare competition may be generated from different … showing competition. …
Persistent link: https://www.econbiz.de/10011442694
This paper uses Granger non{causality tests to analyze if channel competition exists between the companion websites of …
Persistent link: https://www.econbiz.de/10003224340
By examining the destination choice patterns of heterogenous labor, this paper tries to explain the skill composition of internal job matching flows in Germany. Estimates from a nested logit model of destination choice suggest that spatial job matching patterns by high-skilled individuals are...
Persistent link: https://www.econbiz.de/10003370038
Persistent link: https://www.econbiz.de/10001651205