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We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U … show that, except for firms that are much less efficient than the competitor, investment in the subgame-perfect equilibrium … is minimal for intermediate levels of competition, which is inversely parameterized by the extent of product …
Persistent link: https://www.econbiz.de/10010315491
, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream … competition weakens the effects of competition on investment. …Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative …
Persistent link: https://www.econbiz.de/10010315513
This paper provides evidence on the relation between the intensity of product market competition and the probability of … product market competition and the probability of exit. …
Persistent link: https://www.econbiz.de/10010315540
We argue that positive comovements between land prices and business investment are a driving force behind the broad … joint dynamics of land prices and business investment. …
Persistent link: https://www.econbiz.de/10010292308
guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …
Persistent link: https://www.econbiz.de/10010293451
adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …
Persistent link: https://www.econbiz.de/10010321704
emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. …
Persistent link: https://www.econbiz.de/10010327059
more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
Persistent link: https://www.econbiz.de/10011430112
the strategic situation of a two-stage game with investment preceding homogenous Bertrand competition. We obtain … on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment …
Persistent link: https://www.econbiz.de/10010315592
appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …
Persistent link: https://www.econbiz.de/10010284188