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This paper discusses the impact of a firm's technology portfolio on its market value. Two concepts are used to characterize a firm's portfolio: the number of technological fields and the degree of relatedness within the portfolio characterized by the amount of joint occurrences of patents in...
Persistent link: https://www.econbiz.de/10010265003
Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...
Persistent link: https://www.econbiz.de/10010312125
The policy debate on whether to strengthen or to remove the legal barriers between banking and commerce has paid little attention to what the practical effects of removing the barriers would be. To help answer this question, this article, the first part of a two-part study, provides an overview...
Persistent link: https://www.econbiz.de/10010281868
Spezialisierung auf die Effizienz untersucht. Um die Auswirkungen der Reformen und die Veränderungen in den Agrarunternehmen zu … der durchschnittlichen Effizienz im Vergleich von 1993 zu 2000. Bei der Betrachtung der Einflussfaktoren auf die … technische Effizienz hat die Wahl der Rechtsform keinen Einfluss. Hingegen beeinflussen Betriebsgröße und Spezialisierung die …
Persistent link: https://www.econbiz.de/10010299452
addressed in regulatory schemes. However, this important aspect is generally not reflected in efficiency analysis of these … industries. In this paper we present an efficiency analysis of electricity distribution networks using a sample of about 500 …-output translog input distance function models to estimate cost and scale efficiency with and without incorporating quality of service …
Persistent link: https://www.econbiz.de/10010276194
that operate partially on a joint tram network. Merger gains are then decomposed into individual technical efficiency …
Persistent link: https://www.econbiz.de/10010265038
This paper studies the aggregate substitution and expansion effects triggered by changes in input prices, in a context where firms supply a homogenous commodity and compete in quantities à la Cournot. We derive a sufficient condition for the existence of a Cournot equilibrium and show that this...
Persistent link: https://www.econbiz.de/10010299963
Foreign direct investment - the major driving force of globalization - is increasingly dominated by merger and …
Persistent link: https://www.econbiz.de/10010265513
The purpose of the paper is to provide a simple model explaining buyer-supplier relationships and show what factors determine the number of trading partners. We show that when the supplier is able to determine the number of trading partners, the optimal number is small if the supplier's...
Persistent link: https://www.econbiz.de/10010332385
larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases … on all affected routes immediately after the exit events. In the medium and long-run, however, realized merger …
Persistent link: https://www.econbiz.de/10010309239