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"This paper introduces a large-scale administrative panel data set on corporate bankruptcy in Germany that allows for … bankruptcy risk due to productivity improvements. The results are not consistent with the theories explaining age dependence via …
Persistent link: https://www.econbiz.de/10010765068
We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Preemptive acquisitions by incumbents are shown to stimulate the...
Persistent link: https://www.econbiz.de/10008865973
commitments of its members for realizing set productivity targets. The other is a strategic model which considers the role of its …
Persistent link: https://www.econbiz.de/10005780594
This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...
Persistent link: https://www.econbiz.de/10005407672
Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...
Persistent link: https://www.econbiz.de/10005407674
Travel time losses in the Netherlands are likely to get worse in the years ahead if capacity is not added to cope with the demand. This particularly creates problems for business travel, which is characterized by a high “value of time”. In the Netherlands, policy makers have a long-standing...
Persistent link: https://www.econbiz.de/10005408329
In a series of classic works, most notably The Visible Hand (1977) and Scale and Scope (1990), Alfred Chandler focused the spotlight on the large, vertically integrated modern corporation. Put simply, Chandler’s argument is this. In the late nineteenth century, the large vertically integrated...
Persistent link: https://www.econbiz.de/10005408392
Persistent link: https://www.econbiz.de/10005464208
Open Source Software (OSS) expresses the idea that developers should be able to license the publication of their software in a manner permitting anyone to freely use, modify, and distribute the software. Today OSS is widely used in the software industry, such as for language development tools...
Persistent link: https://www.econbiz.de/10004969753
This study uses a dynamic 5-bus test case implemented via the AMES Wholesale Power Market Test Bed to investigate strategic capacity withholding by generation companies (GenCos) in restructured wholesale power markets under systematically varied demand conditions. The strategic behaviors of the...
Persistent link: https://www.econbiz.de/10004969756