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This paper examines the change in operating and financial performance of Swedish firmsthat were either partly or fully privatized during the period of 1989-2007. Two differentmethods are used to empirically investigate the performance of privatized firms. First,accounting data prior to and after...
Persistent link: https://www.econbiz.de/10009360652
[...]These political considerations may seem tangential to thesubject of price hedonics, but the events following fromGreenspan’s remark have linked the two issues. First, theSenate Finance Committee consulted a panel of experts, andthat panel reached a consensus supporting...
Persistent link: https://www.econbiz.de/10005869765
[...]The final force of change is the continual evolution of thedelivery channels through which financial services are offered.This has occurred in many ways and in several stages. First, theuse of postal services substituted for physical market presence;this was followed by increased use of...
Persistent link: https://www.econbiz.de/10005869902
firm ownership type have no direct impact on firm efficiency. However, increased market competition related to rising … firms, prove to be the major source of TFP gains. Results strongly confirm that market competition fosters efficiency.[...] …
Persistent link: https://www.econbiz.de/10009418927
There are N citizens who have to make a social decision about a set policies denotedby x ∈ A, where A denotes the set of feasible policies. Citizen’s preferencesover policy are denoted V i (x, j) ( where i = 1, ...,N) ,and j denotes the identityof the policy maker. This specification allows...
Persistent link: https://www.econbiz.de/10009248811
¢ ciency undermild competition. The e¤ect of competition on the equilibrium strategy is di¤erentdepending on which class of … thatthe e¤ect of competition on e¢ ciency is di¤erent between the common value and theprivate value setting. Strong … competition leads to the least e¢ cient equilibrium forthe common value setting but e¢ ciency can be improved by competition in …
Persistent link: https://www.econbiz.de/10009248916
Die Wettbewerbsfähigkeit moderner Volkswirtschaften wird zunehmend mit der Effizienzund Effektivität in der Produktion und der Diffusion von Wissen zwischen Akteuren in Innovationssystemenin Verbindung gebracht (vgl. etwa Lundvall 1992, Thomi/Werner 2001).Nicht nur die eigenständige...
Persistent link: https://www.econbiz.de/10005860375
group membership probabilities.The latter are conditioned on six bank traits of German banks and weidentify four signicantly … substantiallylower compared to previous studies. We use technology regime specic cost parametersto measure competition with Lerner … indices. Large, national universal banksand the smallest, most specialized banks exhibit the lowest level of competition …
Persistent link: https://www.econbiz.de/10005866202
Improvements in information processing technology andderegulation, among other forces, are profoundlytransforming the financial sector of the United States and otheradvanced economies. Many of these changes are likely toimprove the efficiency of financial intermediation, in the sensethat the...
Persistent link: https://www.econbiz.de/10005869375
Persistent link: https://www.econbiz.de/10009635860