Showing 1 - 10 of 145
that all firms play an oligopoly game. We derive conditions under which increasing market concentration arises with myopic …
Persistent link: https://www.econbiz.de/10010315536
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the … typical industry, while it is stable by industry and country of origin. The fall in concentration is driven by the extensive … concentration among national producers. …
Persistent link: https://www.econbiz.de/10012144227
This paper investigates the effect of domestic market size on innovation activities across different durable good industries in the Chinese manufacturing sector. We address the endogeneity of market size by an IV strategy, based on a measure of potential market size, which is driven only by...
Persistent link: https://www.econbiz.de/10011969189
We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...
Persistent link: https://www.econbiz.de/10010294886
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...
Persistent link: https://www.econbiz.de/10010397677
Using a unique sample of comparable online and in-person loan transactions, we study the determinants of arm's-length and inside lending focusing on the differential information content across debt types. We find that soft private information primarily underlies relationship lending whereas hard...
Persistent link: https://www.econbiz.de/10010292106
Two-sided market theory predicts that platforms may subsidize the participation of one type of agent by extracting surplus from another type to internalize indirect network externalities. However, few empirical studies exist to evaluate the impact of government intervention in these markets. We...
Persistent link: https://www.econbiz.de/10010292179
We study the ability of banks and merchants to influence the consumer's payment instrument choice. Consumers participate in payment card networks to insure themselves against three types of shocks
Persistent link: https://www.econbiz.de/10010292203
We study Austrian job reallocation in the period of 1978 to 1998, using a large administrative dataset where we correct for spurious entries and exits of firms. We find that on average 9 out of 100 randomly selected jobs were created within the last year, and that about 9 out of randomly...
Persistent link: https://www.econbiz.de/10010294595
the impact of globalization on markups and pricing, concentration, and productivity. The model nests two workhorse trade … concentration following episodes of integration. Welfare rises with trade liberalization, unless trade costs decline from a … prohibitive level in the short run free exit case. Variation across industries and markets in markups, concentration, and pricing …
Persistent link: https://www.econbiz.de/10010294858