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This paper develops a new analystical approach to the old question whether market conditions may influence the internal efficiency of firms. The basic textbook model of the firm is slightly extended to incorporate managers' incentives to reduce production costs in an imperfectly competitive...
Persistent link: https://www.econbiz.de/10005486493
In this paper we analyze the welfare properties of the set of Dreze equilibria for economies with incomplete markets and firms. The well known fact that a Dreze equilibrium need not be constrained Pareto Optimal is often attributed to a lack of coordination between firms. We show that there are...
Persistent link: https://www.econbiz.de/10005487070
This paper reports the initial results from a project designed to track the evolution of industrial and corporate structure of EU manufacturing alongside the ongoing European integration process. At the heart of the work is the construction of an "EU market share matrix" for 1993. This includes...
Persistent link: https://www.econbiz.de/10005641407
This paper develops a new analytical approach to the old question whether market conditions may influence the internal efficiency of firms. The basic textbook model of the firm is slightly extended to incorporate managers' incentives to reduce production costs in an imperfectly competitive...
Persistent link: https://www.econbiz.de/10010600194
This paper reports the initial results from a project designed to track the evolution of industrial and corporate structure of EU manufacturing alongside the ongoing European integration process. At the heart of the work is the construction of an "EU market share matrix" for 1993. This includes...
Persistent link: https://www.econbiz.de/10008621778
In this paper a theoretical framework is provided to link firm efficiency to product market competition. In particular x-efficienct is shown to arise to the extent unions directly affect the level of employment. A positive relationship is established between social efficiency and x-efficiency,...
Persistent link: https://www.econbiz.de/10005625453
Our analysis shows that in entering a new market a firm should not just focus its attention on the price that the market awards to a pioneer, or the tradeoff between first mover advantages and disadvantages. It should also consider the adverse consequences of being laggard.
Persistent link: https://www.econbiz.de/10005625667
We examine takeover strategies for a multiproduct firm operating in a horizontally differentiated market. We show why a strategic scheme for taking over competitors should obey a maximal market share connection principle. When trying to reinforce its market power, a multiproduct firm should try...
Persistent link: https://www.econbiz.de/10005660695
Zeitraum 1995 bis 1999 empirisch der Einfluss der Marktstruktur auf die allgemeine Innovationsaktivität sowie speziell jene im …
Persistent link: https://www.econbiz.de/10009647564
and welfare – improving even if costs are linear. The driving force behind these results, which help to reconcile theory … Wirkungen auf die Marktstruktur. Sie reduzieren nicht einfach die Zahl der Wettbewerber in einem Markt, sondern durch Fusionen … Kostensynergien gibt. Der Schlüssel für dieses Ergebnis, das eine Theorie für eine Reihe von empirischen Befunden liefert, ist der …
Persistent link: https://www.econbiz.de/10009370662