Showing 1 - 10 of 35,934
This article develops an empirical model of firms’ choice of corporate laws under inertia. Delaware dominates the incorporation market, though recently Nevada, a state whose laws are highly protective of managers, has acquired a sizable market share. Using a database of firm incorporation...
Persistent link: https://www.econbiz.de/10014132012
It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...
Persistent link: https://www.econbiz.de/10011798644
PurposeThe authors examine the joint effect of the country-wide legal institutions and product market competition on … whether the country-level institutional factors affect product market competition's impact on stock crash risk. Specifically ….FindingsThe authors find that strong institutions mitigate the positive relationship between product market competition and stock crash …
Persistent link: https://www.econbiz.de/10014348631
This paper looks at whether the standard unilateral effects model can be applied to non-price competition parameters … such as innovation. This question arises because competition authorities are intervening in horizontal mergers that are … found to give rise to a “significant impediment to effective innovation competition” (“SIEIC”) as a result of a reduction in …
Persistent link: https://www.econbiz.de/10012852989
marketing as a by-product of regulatory competition. Furthermore, the article describes and supports the paradigm of pro …
Persistent link: https://www.econbiz.de/10012838414
This paper studies manipulation in cash-settled derivative contract markets. When traders hedge factor risk using cash-settled derivatives, which are settled based on the price of a spot good, traders can manipulate settlement prices by trading the spot good. In equilibrium, manipulation can...
Persistent link: https://www.econbiz.de/10012848739
, and Postmates have been rightfully celebrated as positively disruptive, introducing much–needed competition in industries …. These questions address the way a range of issues play out in the platform context, including more traditional competition … consider whether and how questions of market power (and competition more generally) may pose complexity or require analytic …
Persistent link: https://www.econbiz.de/10012931991
services. This right of access is intended to promote technological innovation and competition in the consumers' interests in … legislature has rushed forwards, overtaking the EU Commission's ongoing competition investigation into Apple Pay as well as the … pending reform of the German Competition Act, which is aimed precisely at operators of technological platforms, which enjoy a …
Persistent link: https://www.econbiz.de/10012830252
competition depends crucially on whether performance is measured in terms of profits or in terms of profit margins …
Persistent link: https://www.econbiz.de/10012910910
promote from within to inspire competition in lower ranks (tournament theory), then compensation should reflect the price …
Persistent link: https://www.econbiz.de/10012911611