We estimate the effect of internet penetration on retail bank margins in the euro area. Based on an adapted Baumol … [1982] type contestability model, we argue that the internet has reduced sunk costs and therefore increased contestability … countries. We utilise time series and cross-sectional variation in internet penetration. We find support for an increase in …

Does the Internet undermine social capital or facilitate inter-personal and civic engagement in the real world? Merging … unique telecommunication data with geo-coded German individual-level data, we investigate how broadband Internet affects …-owned telecommunication provider in the 1990s that still hinders broadband Internet access for many households. We find no evidence that the …

The Internet has enabled new forms of large-scale collaboration. Voluntary contributions by large numbers of users and …-scale collaboration on the Internet is an intriguing phenomenon for scholarly debate because it challenges well established insights into …

The internet revolution is said to foster integration of the market for financial services, since consumers are able to … shop around at all companies worldwide and firms can easily offer their services on the internet at a minimum of …