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cement producers to study the value of such transaction data for an estimation of cartel damages. In particular, we … an application of before-and-after approaches to estimate the price overcharge can benefit from such rich data sets. We …
Persistent link: https://www.econbiz.de/10009550259
We use publicly available price data from the German cement industry to estimate the cartelinduced price increase. We …-cartel period on the overcharge estimate. We find that the cement cartel led to price overcharges in a range from 20.3 to 26 …
Persistent link: https://www.econbiz.de/10009550272
This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …
Persistent link: https://www.econbiz.de/10011446670
This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10011446211
Barriers to entry are regarded as major impediments to the working of markets. Entry must not necessarily actually take place - the perceived threat of entry may encourage incumbent firms to behave as if they are in a competitive market, even if they are not. We present empirical evidence on...
Persistent link: https://www.econbiz.de/10003751792
Globalization has provided many companies with new opportunities for growth and efficiency. This requires them to operate successfully across cultural and social borders. These can be stumbling blocks to internationalization and have been found to cause frequent errors and delays for...
Persistent link: https://www.econbiz.de/10003383660
stated-preference data on vehicle choice from a Germany-wide survey of potential light-duty-vehicle buyers using computer …-assisted personal interviewing. We show that Bayesian estimation of a multinomial probit model with a full covariance matrix is feasible … representing an average of the current vehicle choice situation in Germany. Consumer response to qualitative changes in the base …
Persistent link: https://www.econbiz.de/10009510145
Germany through firm-specific advantages. Still, some face significant challenges. A submarket analysis shows that home market … advantages are more deeply rooted in the Western part of Germany and that foreign competitors find a more accessible competitive … environment in Eastern Germany. Therefore, East Germany is a superior platform for deploying effective and efficient …
Persistent link: https://www.econbiz.de/10003225300
The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10003342766
This paper studies the introduction of new products (increase in product variety) in the automobile industry. The focus is on the two sources of market power that may allow the firms to get higher profits (and, thus, recoup investments): new products and brand-name reputation. The effects of new...
Persistent link: https://www.econbiz.de/10003793986