Showing 1 - 10 of 352
This paper analyses the impact of common ownership on markups and innovation and adds to the discussion of the recently observed patterns of a long term rise in market power. We shed light on the inconclusiveness of results regarding the effects of common ownership on markups in the existing...
Persistent link: https://www.econbiz.de/10012227067
The central prediction of the Aghion et al. (2005) model is an inverted U-shaped relation between innovation and competition. The model is built on the assumption of a product market and has not yet been empirically tested on service-sector firms. Using detailed firm-level data, we find the...
Persistent link: https://www.econbiz.de/10003766821
This paper examines the effect of the international competitiveness of home producers on their pricing. Evidence based on the 1970-75 period suggests the claim that in the Canadian manufacturing sector domestic prices are set in accordance with a mixture of two pricing hypotheses: the...
Persistent link: https://www.econbiz.de/10013118061
This article segments the Portuguese economy into fairly disaggregated markets and estimates a new competition measure suggested by Boone (2008), which draws on the concept of profit elasticity to marginal costs. In addition, robustness of results across econometric specifications is discussed,...
Persistent link: https://www.econbiz.de/10013074384
We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...
Persistent link: https://www.econbiz.de/10012822507
This article estimates price-cost margins for the Portuguese markets in a context of imperfect competition in the labour market. The database used includes virtually the universe of Portuguese firms for the period 2005-2009. The results strongly reject the hypothesis of perfect competition in...
Persistent link: https://www.econbiz.de/10013040609
Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental improvements and modifications made upon the...
Persistent link: https://www.econbiz.de/10013316746
This paper analyses the impact of common ownership on markups and innovation and adds to the discussion of the recently observed patterns of a long term rise in market power. We shed light on the inconclusiveness of results regarding the effects of common ownership on markups in the existing...
Persistent link: https://www.econbiz.de/10012224881
We test whether predictions of the Aghion and Howitt (2004) model are supported by firm level data. In particular, we analyze if there is an inverted U-shaped relation between competition and R&D. Results show that the inverted U-shaped relation is supported by the Herfindahl index but not by...
Persistent link: https://www.econbiz.de/10005207106
The paper aims to show the uneven process of integration of Polish manufacturing into the Single Market due to differentiational changes in competitiveness across industries (third digit level of NACE Rev. 1.1 classification) in 1996-2001. It starts with a discussion on the nature and...
Persistent link: https://www.econbiz.de/10009391976