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Persistent link: https://www.econbiz.de/10008590845
In a two-stage R&D game of process innovation, we investigate the effect of exogenously changing R&D spillovers and market concentration on the equilibrium level of effective cost reduction, total output, profits and social welfare. Interpreting spillover as a measure of patent protection, we...
Persistent link: https://www.econbiz.de/10005763199
This paper assesses the degree of bank competition and discusses efficiency with regard to banks' financial …
Persistent link: https://www.econbiz.de/10005769091
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in …. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability …
Persistent link: https://www.econbiz.de/10005769248
This paper investigates the empirical relationship between competition in the financial sector and the creation of … firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However …, consistent with theories of banking arguing that competition may reduce the availability of credit to informationally opaque …
Persistent link: https://www.econbiz.de/10005826289
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests …, however, that unfettered competition is not first best given the special features of finance. I review these analytics and … describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of …
Persistent link: https://www.econbiz.de/10005826668
Antitrust advocates believe that horizontal consolidation in hospital markets can reduce competition and increase …, and managed care penetration. The results show: a shift away from non-price competition toward price competition in health …
Persistent link: https://www.econbiz.de/10005471684
This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with...
Persistent link: https://www.econbiz.de/10005264153
&D personnel and industry concentration exists. If market concentration is a measure of competition than we can conclude that … intangible assets and competition was measured by Lerner index. Finally, our analysis concluded that although foreign firms are …
Persistent link: https://www.econbiz.de/10008802576
Рассмотрены основные подходы к определению глобализации и охарактеризованы ее последствия для экономического развития разных стран. Определено особенности...
Persistent link: https://www.econbiz.de/10011234092