We consider the effects of an imperfectly competitive banking sector on the capital stock in a version of the two-period Diamond OLG model, focusing on how profits are returned. There are two broad alternatives: profits may be taxed and returned to households exogenously as fiscal transfers or...

We analyse a (differentiated good) industry where an incumbent firm owns a networkgood (essential input) and faces potential competition in the (downstream) retailmarket. Unlike the traditional approach, we consider a scenario where the decision tocompete or not in the downstream segment is...

[...]The branch prices we study are less limited. Increasingly,banks are entering new markets by buying one or morebranches from other banks (Benz 1998). The price of a givenbranch should depend on the branch’s expected profits, andexpected profits, in turn, depend on competition. All...

[...]In this article, we demonstrate how such industry-specific realexchange rates can be constructed and present the recent pathsof these indexes. We next present three basic real exchange ratemeasures for each industry: one using export partner weightsonly, a second using import partner...

The aim of this paper is to compare empirically the effects of transport cost reductions due to infrastructure investments, emerging under different market structures. To this end, a computable spatial general equilibrium model with costly interregional trade is presented, which is calibrated...

Ziel der vorliegenden Arbeit ist es, - Voraussetzungen zur Ermittlung wertorientierter Performance Kennzahlen für Flughafenunternehmen deren Aussagekraft sowie Anwendbarkeit in der Praxis ....zu erkunden, - ausgewählte europäische börsennotierte und nicht-börsennotierte Verkehrsflughäfen...

In the view of most policymakers and economists,competition in retail banking takes place in localmarkets covering a relatively small geographic area.Banks are thought to design their services and settheir loan and deposit rates in response to the supply anddemand conditions prevailing in a...