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efficiency of management was examined using the term ”food chain” in the meat industry, which comprises: agriculture- food …The paper presents the synthetic results of research on the evaluation of efficiency of selected food industries in … Poland, in the years 2000-2013. A dynamic approach was applied to the studies which were based on the analysis of prices of …
Persistent link: https://www.econbiz.de/10011240285
discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …
Persistent link: https://www.econbiz.de/10005076900
This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … microstructure is strongly predictive for the relative market power of buyers and sellers, and that high market efficiency is … social mimicry learning via a genetic algorithm. However, market efficiency is substantially reduced. …
Persistent link: https://www.econbiz.de/10005412999
We study an experimental market in which the structure of the information flows is endogenized. When making an offer, traders choose not only the price at which they are prepared to trade, but also the subset of traders they want to inform about the offer. This design allows for two extreme...
Persistent link: https://www.econbiz.de/10011090309
efficiency as a double auction.When we impose transaction costs on the buyers, only the sellers make private offers, which …
Persistent link: https://www.econbiz.de/10011091018
Over the years since airline deregulation five of the remaining U.S. legacy carriers lost money on mergers that cost them a total of $29.6 billion. The combined market cap of these carriers at the end of 2007 was $15.5 billion. In other words, their return on merger investments was -48%. Why?...
Persistent link: https://www.econbiz.de/10012723970
We present a model where producers of complementary goods have the option to practice mixed bundling. In the first stage of a two-stage game, firms choose between a mixed bundling and a non- bundling strategy. In the second stage, firms choose prices. We show that mixed bundling is a dominant...
Persistent link: https://www.econbiz.de/10012728422
We show that the announcement of SCM applications have a positive impact on the market value of firms using event study methodology. When SCM applications are disaggregated according to whether they are stand-alone SCM applications, or part of an enterprise system (SCM-ES) implementation, we...
Persistent link: https://www.econbiz.de/10012729041
Satellite radio competitors XM and Sirius recently announced their intention to merge their companies in a $13 billion deal. Recent financial statements show this merger is necessary. Although both stocks grew steadily through October of 2004, they hit a plateau after that and then began a...
Persistent link: https://www.econbiz.de/10012730330
We explore factors affecting liquidity by examining the relation between liquidity changes and changes in firm characteristics around mergers and acquisitions. We find that spreads decline as the number of analysts, number of shareholders, number of market makers, firm size, and volume increase...
Persistent link: https://www.econbiz.de/10012732571