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approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This …
Persistent link: https://www.econbiz.de/10011604814
Germany?s bank-based system of internal control, ownership concentration is harmful for productivity growth. … comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 …
Persistent link: https://www.econbiz.de/10010297660
(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
Persistent link: https://www.econbiz.de/10010334117
We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...
Persistent link: https://www.econbiz.de/10011604659
competition are quite limited. We propose and implement a frontierbased method to assess relative competition in bank …, it is important to maintain competition among payment service providers but data available to gauge the degree of …
Persistent link: https://www.econbiz.de/10011605584
Gavosto, Venturini, Villosio (1999) find that the impact of foreign workers on the wage of natives was positive. Such a result was partly to be expected, and therefore the effect of immigrants on native employment is analyzed here. Two aspects of the unemployment experience are taken into...
Persistent link: https://www.econbiz.de/10010262784
the international comparisons, the price formation of the food chain, degree of concentration, competition, and the …, competition works in Finland just as well in agriculture, the foodstuffs industry and the wholesale and retail trade as it does in … from the standpoint of competition and consumer choice; the position of small producers can best be improved by fostering …
Persistent link: https://www.econbiz.de/10010273052
competition for principals or agents. While we do observe substantial and significant ratchet effects in the baseline (no … competition) case of our model, we find that ratchet behavior is nearly eliminated by labor-market competition; interestingly this …
Persistent link: https://www.econbiz.de/10010277018
competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
Persistent link: https://www.econbiz.de/10010397677
(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
Persistent link: https://www.econbiz.de/10010427563