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Managerial Delegation and Merger Incentives with Asymmetric Costs
Straume, Odd Rune - In: Journal of Institutional and Theoretical Economics (JITE) 162 (2006) 3, pp. 450-469
horizontal merger. Applying a model of endogenous merger formation in a three-firm asymmetric Cournot industry, we contrast the … cases of entrepreneurial and managerial firms. The use of strategic delegation increases both the probability that a merger … takes place and the likelihood that the wrong type of merger, from the viewpoint of social welfare, is undertaken. This …
Persistent link: https://www.econbiz.de/10005823375
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The effect of private versus public ownership on labour earnings
Bastos, Paulo; Monteiro, Natália P.; Straume, Odd Rune - Núcleo de Investigação em Políticas Económicas … - 2011
We examine the impact of privatisation on wage formation in unionised labour markets. Using longitudinal worker-firm data for Portugal spanning the period 1991-2007, we find that privatisation leads to higher wages, and show that this effect is driven by the fact that privatised firms tend to...
Persistent link: https://www.econbiz.de/10008855502
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Quality competition with profit constraints: Do non-profit firms provide higher quality than for-profit firms?
Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2011
In many markets, such as education, health care and public utilities, firms are often profit-constrained either due to regulation or because they have non-profit status. At the same time such firms might have altruistic concerns towards consumers. In this paper we study semi-altruistic firms’...
Persistent link: https://www.econbiz.de/10008865972
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Managerial delegation and merger incentives
Straume, Odd Rune - Institutt for Økonomi, Universitetet i Bergen - 2003
horizontal merger. Applying a model of endogenous merger formation in a three-firm asymmetric Cournot industry, we contrast the … cases of entrepreneurial and managerial firms. The use of strategic delegation increases both the probability that a merger … takes place and the likelihood that the ‘wrong’ type of merger is undertaken, from a viewpoint of social welfare. This …
Persistent link: https://www.econbiz.de/10008914343
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Quality competition with profit constraints: Do non-profit firms provide higher quality than for-profit firms?
Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - Institutt for samfunnsøkonomi, Norges Handelshøyskole … - 2011
In many markets, such as education, health care and public utilities, firms are often profit-constrained either due to regulation or because they have non-profit status. At the same time such firms might have altruistic concerns towards consumers. In this paper we study semi-altruistic firms’...
Persistent link: https://www.econbiz.de/10009019285
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Can Competition Reduce Quality?
Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - CESifo - 2014
In a spatial competition setting there is usually a non-negative relationship between competition and quality. In this paper we offer a novel mechanism whereby competition leads to lower quality. This mechanism relies on two key assumptions, namely that the providers are motivated and...
Persistent link: https://www.econbiz.de/10010741317
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Restructuring in privatised firms: A Statis approach
Figueiredo, Adelaide; Figueiredo, Fernanda; Monteiro, … - In: Structural Change and Economic Dynamics 23 (2012) 1, pp. 108-116
We analyse the dynamics and evolution of the corporate restructuring process in the Portuguese banking sector, where 10 banks were privatised during the period 1989–1996. We apply a novel methodological approach in this context, using a multidimensional measure of restructuring that links...
Persistent link: https://www.econbiz.de/10011048674
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Quality competition with profit constraints
Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 642-659
Firms in markets such as health care and education are often profit constrained due to regulation or their non-profit status, and they are often viewed as being altruistic towards consumers. We use a spatial competition framework to study incentives for cost containment and quality provision by...
Persistent link: https://www.econbiz.de/10010594623
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Privatization and corporate restructuring
Bastos, Paulo; Monteiro, Natália Pimenta; Straume, Odd Rune - Núcleo de Investigação em Políticas Económicas … - 2012
We examine corporate restructuring following privatization using uncommonly rich data on the population of Portuguese …firms from 1991-2009. We …find that privatization leads to sizable job losses, reflecting reductions in both the number of establishments and in the number of workers per...
Persistent link: https://www.econbiz.de/10010549045
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Quality competition with profit constraints: Do non-profit firms provide higher quality than for-profit firms?
Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - Núcleo de Investigação em Políticas Económicas … - 2011
In many markets, such as education, health care and public utilities, firms are often profit-constrained either due to regulation or because they have non-profit status. At the same time such firms might have altruistic concerns towards consumers. In this paper we study semi-altruistic firms’...
Persistent link: https://www.econbiz.de/10008836698