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examines the innovation determinants of M&A activity and the consequences of M&A transactions on the technological potential … and the innovation performance. We examine the telecommunications equipment industry over the period 1988-2002 using a … newly constructed data set with firm-level data describing M&A and innovation activity as well as financial characteristics …
Persistent link: https://www.econbiz.de/10010264970
M&A and Innovation a major means of today's competitive strategy development, this paper examines the innovation … determinants of M&A activity and the consequences of M&A transactions on the technological potential and the innovation performance … firm-level data on M&A and innovation activity as well as financial characteristics. By implementing a counterfactual …
Persistent link: https://www.econbiz.de/10010263699
underlying state of the world (the basic propability of high downstream prices, or the type of the firm), optimal regulation uses …
Persistent link: https://www.econbiz.de/10010333906
In January 2009 Germany introduced incentive regulation for the electricity distribution sector based on results obtained from econometric and nonparametric benchmarking analysis. One main problem for the regulator in assigning the relative efficiency scores are unobserved firm-specific factors...
Persistent link: https://www.econbiz.de/10010271129
This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment. Yet, previous empirical work has...
Persistent link: https://www.econbiz.de/10010273816
vielen anderen Ländern soll künftig auch hier eine sogenannte Anreizregulierung etabliert werden, bei der jedem Netzbetreiber … Fundierungen einer Netzentgeltregulierung werden in diesem Beitrag wesentliche Gestaltungselemente einer Anreizregulierung wie …
Persistent link: https://www.econbiz.de/10010377784
Persistent link: https://www.econbiz.de/10011696578
We propose a price-cap mechanism for electricity-transmission expansion based on redefining transmission output in terms of financial transmission rights. Our mechanism applies the incentive-regulation logic of rebalancing a two-part tariff. First, we test this mechanism in a three-node network....
Persistent link: https://www.econbiz.de/10010285525
, illustrate that such unusual properties do not stand in the way of applying price-cap incentive mechanisms to real-world …
Persistent link: https://www.econbiz.de/10010285531
underlying state of the world (the basic probability of high downstream prices, or the type of the firm), optimal regulation uses …
Persistent link: https://www.econbiz.de/10010286712