Showing 1 - 10 of 166
We estimate the effect of internet penetration on retail bank margins in the euro area. Based on an adapted Baumol [1982] type contestability model, we argue that the internet has reduced sunk costs and therefore increased contestability in retail banking. We test this conjecture by estimating...
Persistent link: https://www.econbiz.de/10010298724
We estimate the effect of internet penetration on retail bank margins in the euro area. Based on an adapted Baumol [1982] type contestability model, we argue that the internet has reduced sunk costs and therefore increased contestability in retail banking. We test this conjecture by estimating...
Persistent link: https://www.econbiz.de/10005097661
In diesem Aufsatz wird untersucht, welche Merkmale Haushalte aufweisen, denen Stromsperren (Unterbrechungen der Stromversorgung wegen Zahlungsrückständen) angedroht wurden bzw. bei denen sie umgesetzt wurden und welche Bedeutung diese Merkmale relativ zueinander haben. Dazu wird erstmals ein...
Persistent link: https://www.econbiz.de/10011757671
This paper shows that the provision of consumer rights can decrease welfare when some consumers remain ignorant of these rights. We find that consumers uninformed about a mandated warranty demand excessively safe products in some circumstances. In other circumstances, uninformed consumers buy...
Persistent link: https://www.econbiz.de/10012798240
This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between 1994 and 2016, by focusing on the role of reallocation with respect to both aggregate measures. Firm-level productivity and markups are estimated based on a gross output translog...
Persistent link: https://www.econbiz.de/10014470194
This paper examines the role of intermediaries in quantity regulation theoretically and presents a data application to the EU Emissions Trading Scheme (EU ETS). The choice of regulated firms to trade permits through intermediaries or directly at the exchange is discussed. Permit pricing...
Persistent link: https://www.econbiz.de/10010310685
As shown by R. Hahn [6], free allocation equal to the amount of permits a firm with market power uses in equilibrium, can prevent welfare losses. If the necessary amount of free allocation is not provided to the firm with market power, a second best solution is obtained where marginal abatement...
Persistent link: https://www.econbiz.de/10010310692
Innovators seek to protect their intellectual assets by patenting them, at the same time trying to avoid any disclosure of critical knowledge. Given that a patent specification has to include a clear description of the patented matter so that anybody skilled in the art is enabled to reproduce...
Persistent link: https://www.econbiz.de/10010317292
The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms. Among other variables, our panel of firm data includes data on venture capital funding and patent applications. With a statistical matching procedure we draw an adequate control...
Persistent link: https://www.econbiz.de/10010297278
Based on a sample of German innovating firms that contains information on formal and informal innovation cooperation between customers and suppliers, we state that firms perceive informal cooperation as being more important than formal cooperation modes. We then investigate the determinants of...
Persistent link: https://www.econbiz.de/10010297327