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В статье рассматриваются вопросы взаимодействия государственного регулирования и конкуренции как формы рыночного регулирования. На страховом рынке в...
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We model a financial market in which companies engage in strategic financial reporting knowing that investors only pay attention to a randomly drawn sample from firms' reports and extrapolate from this sample. We investigate the extent to which stock prices differ from the fundamental values,...
Persistent link: https://www.econbiz.de/10011263605
We analyze bidding behavior in large discriminatory price auctions where the number of objects is a non-trivial proportion of the number of bidders. Bidders observe private signals that are affiliated with the common value. We show that the average price in the auction is biased downward from...
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This paper analyses the institutional framework for pharmacies in Germany and competition in that sector, which is … characterized by significant competition deficits. Based on our diagnosis and findings the advantages and disadvantages of two …
Persistent link: https://www.econbiz.de/10009216325
This paper proves three theorems on growth and competition in a standard increasing variety endogenous growth model and … draws conclusions for second-best competition policies. First, no growth may be better than some growth, since modest … other. As for competition policy, this implies that growth-enhancing policies maybe misguided and that quick deregulation as …
Persistent link: https://www.econbiz.de/10005607532
competition among British regions for foreign direct investment. This competition has been at its fiercest in the case of a number … debate is centred within discussion of the government proposals for devolution and the prospect of interregional competition …
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