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Implications of network convergence on local access regulation in the US and the EU
Vanberg, Margit A. (contributor) - 2007
This paper provides an overview of telecommunications regulation in the U.S. and in Europe. For each region the history … of telecommunications regulations as well as the current regulatory regime is portrayed. The focus of this overview is on … telecommunications with Internet and broadcasting services. The criteria used by the regulatory authorities to identify those network …
Persistent link: https://www.econbiz.de/10003480089
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Citation frequency and the value of patented innovation
Harhoff, Dietmar; Narin, Francis; Scherer, Frederic M.; … - 1997
Through a survey, economic value estimates were obtained on 962 inventions made in the United States and Germany and on which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents yielded a count of citations to those patents....
Persistent link: https://www.econbiz.de/10011440946
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Exploring the tail of patented invention value distributions
Harhoff, Dietmar; Scherer, Frederic M.; Vopel, Katrin - 1997
We explore the tail of patented invention value distributions by using value estimates obtained directly from patent holders. The paper focuses on those full-term German patents of the application year 1977 which were held by West German and U.S. residents. The most valuable patents in our data...
Persistent link: https://www.econbiz.de/10011440960
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Evaluation of best price clauses in hotel booking
Hunold, Matthias; Kesler, Reinhold; Laitenberger, Ulrich; … - 2017 - This version: April 23, 2017
We analyze the best price clauses (BPCs) of online travel agents (OTAs) using meta-search price data of nearly 30,000 hotels in different countries. We find that BPCs influence the pricing and availability of hotel rooms across online sales channels. In particular, the abolition of Booking.com's...
Persistent link: https://www.econbiz.de/10011648487
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Attenuation bias when measuring inventive performance
Zwick, Thomas; Frosch, Katharina - 2016
Most previous results on determinants of inventive performance are biased because inventive performance is measured with error. This measurement error causes attenuation bias. More specifically, for example age and education as drivers of patenting success have biased coefficients and too high...
Persistent link: https://www.econbiz.de/10011433501
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The total costs of corporate borrowing in the loan market : don’t ignore the fees
Berg, Tobias; Saunders, Anthony; Steffen, Sascha - 2016
More than 80% of US syndicated loans contain at least one fee type and contracts typically specify a menu of spread and different types of fees. We test the predictions of existing theories about the main purposes of fees and provide supporting evidence that: (1) fees are used to price options...
Persistent link: https://www.econbiz.de/10011436292
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Mind the gap : the difference between U.S. and European loan rates
Berg, Tobias; Saunders, Anthony; Steffen, Sascha; … - 2016
We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs of borrowing in both markets. For term loans, U.S. firms pay significantly higher...
Persistent link: https://www.econbiz.de/10011436380
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Shock around the clock : on the causal relations between international stock markets, the strength of causality and the intensity of shock transmission : an econometric analysis
Dornau, Robert - 1998
This paper investigates empirically the interrelationships between the daily stock market returns of the Nikkei 225, DAX and Dow Jones Industrial index. Contrary to former work this paper uses the succession of the markets in time to form different econometric models. In this way it is possible...
Persistent link: https://www.econbiz.de/10011441167
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Empirical evaluation of interest barrier effects
Dreßler, Daniel; Scheuering, Uwe - 2015 - This version: July 2015
This paper empirically estimates the effects of a new thin-capitalization rule on the financing behavior of German corporations employing a fixed effects difference-in-difference approach. We compare treatment and control groups separated by a hypothetical application of the new rule in three...
Persistent link: https://www.econbiz.de/10011393141
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The power of active choice : field experimental evidence on repeated contribution decisions to a carbon offsetting program
Kesternich, Martin; Römer, Daniel; Flues, Florens - 2016 - Version: 22 December 2016
We study the effect of a subtle change in the choice architecture on offsetting behavior. In a large-scale field experiment, we examine repeated voluntary contributions to a carbon offsetting program during the online purchase of long-distance bus tickets. In the control group, travelers had the...
Persistent link: https://www.econbiz.de/10011576526