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This article examines recent market behaviour of EU airlines. After a short descrip- tion of the EU liberalization … process the article continues to analyze the network related cost characteristics of airlines in the deregulated U.S. domestic … internal market. Different developments in network restructuring of EU airlines are described, indicating the first steps …
Persistent link: https://www.econbiz.de/10010682365
Since Akerlof's (1970) seminal paper the existence of adverse selection due to asymmetric information about quality is well-understood. Yet two questions remain. First, given the negative implications for trading and welfare, how do such markets come into existence? And second, why have many...
Persistent link: https://www.econbiz.de/10005036230
In markets for experience or credence goods adverse selection can drive out higher quality products and services. This negative implication of asymmetric information about product quality for trading and welfare, poses the question of how such markets first originate. We consider a market in...
Persistent link: https://www.econbiz.de/10010584447
positive effect on the leverage ratio. In addition, the results show that contestability in family firms plays a more relevant …
Persistent link: https://www.econbiz.de/10010989439
This paper aims to find out how intense the competition between Polish commercial banks is in the loan market. Using Panzar–Rosse H-statistics and employing several estimation techniques (GLS, one-step GMM and two-step GMM), we find that this intensity is sensitive to the estimator applied....
Persistent link: https://www.econbiz.de/10011268266
-deposit spread suggests that the levels of contestability and efficiency are low. A more in-depth analysis using stochastic frontier … contestability support the hypothesis that contestability in Colombia is subpar. Finally, the paper also explores some of the … potential determinants of efficiency and contestability for a sample of the 24 countries over the period 2004 – 2013. This …
Persistent link: https://www.econbiz.de/10011276947
In the course of another exercise (Johnson, Scrimgeour & Manning 2006) I compiled, with the help of CCMAU, a financial record of the crown research institutes from 1992 to 2005. In this paper I thought I would share with this audience some of the facts that emerged from the exercise and make...
Persistent link: https://www.econbiz.de/10005330618
This abstract will be reformatted upon submission. You don't need to format for line-breaks here!!!!! This will be a new paragraph but you can't indent - sorry. This study analyzes the evolution of competitive conditions in the Banking industries of fourteen Central and Eastern European (CEE)...
Persistent link: https://www.econbiz.de/10005077032
In the course of another exercise (Johnson, Scrimgeour & Manning 2006) I compiled, with the help of CCMAU, a financial record of the crown research institutes from 1992 to 2005. In this paper I thought I would share with this audience some of the facts that emerged from the exercise and make...
Persistent link: https://www.econbiz.de/10009324369
Ireland’s banking crisis, one of the most severe in the OECD area, and the associated economic recession have taken a heavy toll on public finances. Large public deficits have accumulated since 2008 and net public debt, which had been eliminated, has soared once again. The rapid deterioration...
Persistent link: https://www.econbiz.de/10009364451