Es scheint seit einiger Zeit kaum ein Tag zu vergehen, an dem nicht über einen Zusammenschluss von Banken - wie im übrigen auch anderer Unternehmen - berichtet wird.

With adverse selection, diseconomies of scale associated with hierarchies may induce the implementation of a second-best technology. This occurs whenever rents to lower tiers of the hierarchy increase faster than total surplus. This is more likely with longer hierarchies.

Mit der vorliegenden Studie wird untersucht, ob grosse WBG in einer langfristigen Sicht ökonomisch vorteilhafter sind als kleine. Das Ziel dieser Arbeit ist, ökonomische Vorteile von WBG-Fusionen zu messen und deren monetären oder qalitativen Wert aufzuzeigen. Anhand von Analysen und...

To date, empirical investigations of trade liberalization under the conditions of increasingreturns to scale (IRS) and imperfect competition (IC) have either assumed or imposed themarket and productive structures necessary for such a model. However, of the recent IRS/ICmodels used to simulate...

The purpose of this paper is to sort out firm-related differences from effects that result from different economic structures. A non-parametric decomposition is used to analyse firm level difference between the wage spread in the two major regions of unified Germany. If firm-specific effects...

In labor markets with worker and firm heterogeneity, the matching between firms and workersmay be assortative, meaning that the most productive workers and firms team up. Weinvestigate this with longitudinal population-wide matched employer-employee data fromPortugal...

Within the debate on the UK productivity gap regulation has been identified as a potential cause. This paper investigates the effect of regulation on productivity by exclusively focusing on indirect, unintended and/or unforeseen effects. First we develop a conceptual framework, then we use this...

Using a unique longitudinal representative survey of both manufacturing and nonmanufacturingbusinesses in the United States during the 1990’s, I examine the incidenceand intensity of organizational innovation and the factors associated with investments inorganizational innovation...

Within a structural model we explicitly allow for the trade orientation of companies to estimateproductivity dynamics within 4-digit UK manufacturing industries. We use the FAME data onUK companies over the period 1994-2003. Following Ackerberg et al. (2005) we adjust thealgorithm in Olley and...

This paper considers the impact of education and training on both individual and co-workerpay and establishment performance using the matched employer-employee data in WERS2004, the panel dataset 1998-2004 and the new Financial Performance Questionnaire...<br<