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Mandatory Unbundling and Irreversible Investment in Telecom Networks
Pindyck, Robert S. - 2021
This paper addresses the impact on investment incentives of the network sharing arrangements mandated by the Telecommunications Act of 1996, with a focus on the implications of irreversible investment. Although the goal is to promote competition, the sharing rules now in place reduce incentives...
Persistent link: https://www.econbiz.de/10013247857
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The Skill Complementarity of Broadband Internet
Akerman, Anders - 2015
Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological … limited funding rolled out broadband access points, and provides plausibly exogenous variation in the availability and … adoption of broadband internet in firms. Our results suggest that broadband internet improves (worsens) the labor outcomes and …
Persistent link: https://www.econbiz.de/10013030144
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Political Determinants of Competition in the Mobile Telecommunication Industry
Faccio, Mara - 2017
We study how political factors shape competition in the mobile telecommunication sector. We show that the way a government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation reduces prices, but does not hurt quality of services or...
Persistent link: https://www.econbiz.de/10012965433
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Unbundling Institutions
Acemoglu, Daron; Johnson, Simon - 2021
This paper evaluates the importance of property rights institutions', which protect citizens against expropriation by the government and powerful elites, and contracting institutions', which enable private contracts between citizens. We exploit exogenous variation in both types of institutions...
Persistent link: https://www.econbiz.de/10013246044
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Growth Policy, Agglomeration, and (the Lack of) Competition
Brooks, Wyatt - 2016
Industrial clusters are promoted by policy and generally viewed as good for growth and development, but both clusters and policies may also enable non-competitive behavior. This paper studies the presence of non-competitive pricing in geographic industrial clusters. We develop, validate, and...
Persistent link: https://www.econbiz.de/10012977273
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A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
Goolsbee, Austan D. - 2015
This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....
Persistent link: https://www.econbiz.de/10013026801
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Wage-Setting Institutions as Industrial Policy
Davis, Steven J.; Henrekson, Magnus - 2022
Centralized wage-setting institutions compress relative wages. Motivated by this fact, we investigate the effects of centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 and compare it to the U.S. distribution over the...
Persistent link: https://www.econbiz.de/10014039683
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Government Interventions and Productivity Growth in Korean Manufacturingindustries
Lee, Jong-Wha - 2011
This paper investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using 4-period panel data for the years 1963-83, for 38 Korean industries in which trade protection reduced growth rates of labor...
Persistent link: https://www.econbiz.de/10013125821
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Industrial Policy and Competition
Aghion, Philippe - 2012
Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2007, we show that industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We measure competition using the Lerner Index and include as...
Persistent link: https://www.econbiz.de/10013106960
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Industrial Policy and Downstream Export Performance
Blonigen, Bruce A. - 2013
Industrial policies (IPs) include such varying practices as production subsidies, export subsidies, and import protection, and are commonly used by countries to promote targeted sectors. However, such policies can have significant impacts on sectors other than those targeted by the IPs,...
Persistent link: https://www.econbiz.de/10013088677