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other. As for competition policy, this implies that growth-enhancing policies maybe misguided and that quick deregulation as …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 …
Persistent link: https://www.econbiz.de/10005607532
to estimate structural relationships of the competition model, a product differentiated setting with conduct parameter …
Persistent link: https://www.econbiz.de/10005748234
This paper aims at developing a competition model for a relevant subset of the Brazilian airline industry: the air … shuttle market on the route Rio de Janeiro Ð S*o Paulo, a pioneer service created in 1959. The competition model presented … permitted making inference on the impacts of liberalisation on competition and investigating an alleged collusive behaviour of …
Persistent link: https://www.econbiz.de/10005398553
This paper attempts to evaluate the extent to which rivalry between the different financial intermediaries that operate in the Spanish banking system has been influenced by the recent liberalization process. Our theoretical model is borrowed from population ecology and allows us to take into...
Persistent link: https://www.econbiz.de/10010598920
In his book on 'Market Microstructure' Spulber presented some strange results with respect to the impact of the substitutability parameter in an intermediation model with differentiated products and inputs. Intuitively, effects in the product and the input market should be similar: if firms...
Persistent link: https://www.econbiz.de/10009003560
crucial importance in the deregulation of many previously regulated industries including telecommunications, gas, electricity … products under Bertrand price competition fra-mework. These results suggest that, in general, it is important for regulators to …
Persistent link: https://www.econbiz.de/10009416864
compare the welfare effects of upstream versus downstream deregulation policies and show that the impact of deregulation may …
Persistent link: https://www.econbiz.de/10005187328
Persistent link: https://www.econbiz.de/10008925933
size is important for product differentiation. Following deregulation, bank competition intensifies and cost efficiency …This paper examines competition among commercial banks following deregulation in a small open economy. I jointly … structure. The empirical results show that the banking sector is characterized by the Nash-Bertrand equilibrium in which bank …
Persistent link: https://www.econbiz.de/10005558137
compare the welfare effects of upstream versus downstream deregulation policies and show that the impact of deregulation may …
Persistent link: https://www.econbiz.de/10005114429