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This paper investigates the trade effects of Turkey?s trade integration into the EU. To this end sectoral trade flows to the EU based on panel data from the period 1988 to 2002 are examined concentrating on Turkey?s sixteen most important export sectors. Emphasis is placed on the role of price...
Persistent link: https://www.econbiz.de/10010296392
In Indonesia the agricultural sector plays a key role for broad based economic development in rural areas. Rubber is one of the most important crops, and Indonesia is the second largest producer in the world. However, a high level of concentration in the processing industry limits the spread of...
Persistent link: https://www.econbiz.de/10011319101
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10011506815
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the...
Persistent link: https://www.econbiz.de/10011538001
. Estimating the impact of such collusive practices'€" known as the 'lysine strategy profile (LSP)€'€" on cartel duration is … related to cartel duration. After correction for selectivity in the decision to use the LSP, statistical tests are consistent … with a theoretic prediction that the LSP increases cartel duration. …
Persistent link: https://www.econbiz.de/10010333795
detecting and deterring cartels. As a supplementary analysis, the US leniency is studied. I discuss a dynamic model of cartel … formation and dissolution to illustrate how changes in antitrust policies and economic conditions might affect cartel duration … heterogeneity of cartels and the time-varying policy impacts suggested by theory. Contrary to earlier studies, my statistical tests …
Persistent link: https://www.econbiz.de/10010333979
Inflation differentials within European Monetary Union (EMU) are increasingly seen as exerting adverse effects on the price competitiveness of member countries' firms and – given the common monetary policy within EMU – as being detrimental to euro-area economies, in particular to those with...
Persistent link: https://www.econbiz.de/10010295845
Only a few studies have analysed staggering and synchronisation in pricing behaviour of multi-product firms. These studies used low-frequency data in an environment of high rates of inflation. This paper investigates staggering and synchronisation of weekly prices for ten food products in 131...
Persistent link: https://www.econbiz.de/10010297125
In this paper the export demand and supply of German manufacturing industry is estimated for the period 1993:1 through 2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention is pointed on the development of the German export...
Persistent link: https://www.econbiz.de/10010300151
Does the internet increase competition? To address this question, I exploit two institutional details unique to Germany: (1) Some municipalities received glass fibre cables that cannot be upgraded to DSL; I use these municipalities as a treatment group with reduced online competition. (2) German...
Persistent link: https://www.econbiz.de/10010333892