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E-commerce and prices: Theory and evidence
Friberg, Richard; Ganslandt, Mattias; Sandström, Mikael - 2000
This paper examines the relation between prices in conventional stores and on the Internet. Main results from the … to Internet reaches a critical level, ii) the relation between prices depends on convenience costs of shopping in regular … stores as well as on transport and navigation costs for goods bought over Internet, iii) retailers who only sell through …
Persistent link: https://www.econbiz.de/10010281379
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An Evolutionary Agent-based simulation model for the industry life cycle
Lehmann-Waffenschmidt, B. Cornelia - 2008
In contrast to the usual approach taken in the literature, in which an Industry Life Cycle (ILC) is reproduced by aggregate functions, the model of this paper generates a self-organizing ILC. A general evolutionary agent-based simulation model is developed that can be adapted for specific...
Persistent link: https://www.econbiz.de/10010300629
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What causes cross-industry differences of technical efficiency? An empirical investigation
Fritsch, Michael; Stephan, Andreas - 2004
Using micro-level panel data of about 35,000 firms from the German Cost Structure Census, we analyze the differences of technical efficiency across industries. Technical efficiency is estimated by firms' fixed effects. One striking result is that the distribution of technical efficiency across...
Persistent link: https://www.econbiz.de/10010305662
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The distribution and heterogeneity of technical efficiency within industries: An empirical assessment
Fritsch, Michael; Stephan, Andreas - 2004
This paper analyzes the distribution of technical efficiency within manufacturing industries. Using a representative sample of 35,000 firms in 255 industries of the German cost structure census, technical efficiencies are estimated by applying a deterministic frontier production function with...
Persistent link: https://www.econbiz.de/10010305666
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What Causes Cross-industry Differences of Technical Efficiency? An Empirical Investigation
Fritsch, Michael; Stephan, Andreas - 2004
Using micro-level panel data of about 35,000 firms from the German Cost Structure Census, we analyze the differences of technical efficiency across industries. Technical efficiency is estimated by firms? fixed effects. One striking result is that the distribution of technical efficiency across...
Persistent link: https://www.econbiz.de/10010324228
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"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959
Levy, Daniel; Young, Andrew T. - In: Journal of Money, Credit, and Banking 36 (2004) 4 (Special Issue), pp. 765-799
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry...
Persistent link: https://www.econbiz.de/10012120487
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"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959
Levy, Daniel; Young, Andrew T. - 2004
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry...
Persistent link: https://www.econbiz.de/10013204741
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Measuring the evolution of competition and the impact of the financial reform in the Mexican banking sector, 2008-2019
Bátiz-Zuk, Enrique; Sánchez, José Luis Lara - 2021
This paper analyzes the monthly evolution of bank competition in Mexico from 2008 to 2019 using different measures. Subsequently, we analyze whether the 2014 financial reform had an effect on some of our competition measures. We use ordinary and quantile regression techniques and Markov...
Persistent link: https://www.econbiz.de/10012616419
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Non-price effects of mergers and acquisitions
Haucap, Justus; Stiebale, Joel - 2023
In this paper, we summarize the economic literature on non-price effects of mergers and acquisitions (M&As). Specifically, we discuss the effects of M&As on innovation, product variety, and sustainability. Although the relationship is theoretically ambiguous, the vast majority of ex-post...
Persistent link: https://www.econbiz.de/10014313935
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Duopoly price competition with limited capacity
Bërdëllima, A. - In: Economic Theory Bulletin 9 (2021) 1, pp. 143-154
We study a variation of the duopoly model by Kreps and Scheinkman (1983). Firms limited by their capacity of production engage in a two stage game. In the first stage they commit to levels of production not exceeding their capacities which are then made common knowledge. In the second stage...
Persistent link: https://www.econbiz.de/10014501584