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expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a … by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …
Persistent link: https://www.econbiz.de/10012463337
in consolidation has led to concern about competition in local markets for hospital services. We examine the effect of … market structure on competition in local hospital markets -- specifically, does the hardness of competition increase with the …
Persistent link: https://www.econbiz.de/10012467027
straightforward empirical tests from a model of patient demand, procedure quality, and differentiated product competition. Using …
Persistent link: https://www.econbiz.de/10012468826
incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …
Persistent link: https://www.econbiz.de/10012462093
In a dynamic environment where underlying competition is "for the market," this paper examines what happens when …
Persistent link: https://www.econbiz.de/10012458106
under competition with non-deceptive counterfeiting and deceptive counterfeiting, respectively, as well as under monopoly …
Persistent link: https://www.econbiz.de/10012459877
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...
Persistent link: https://www.econbiz.de/10012463150
. Theory offers competing hypotheses about how competition ought to influence firm entry and access to bank credit by mature …This paper tests how competition in local U.S. banking markets affects the market structure of non-financial sectors …
Persistent link: https://www.econbiz.de/10012467857
We develop a model of equilibrium entry, trade, and price formation in over-the- counter (OTC) markets. Banks trade derivatives to share an aggregate risk subject to two trading frictions: they must pay a fixed entry cost, and they must limit the size of the positions taken by their traders...
Persistent link: https://www.econbiz.de/10012459749
This paper studies the impact that capital market imperfections have on the natural" selection of the most efficient firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged" carriers are less...
Persistent link: https://www.econbiz.de/10012472539