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how the pecking order theory of trading actually functions. …
Persistent link: https://www.econbiz.de/10014249847
Collateral plays a very important role in financial markets. Without easy access to high-quality collateral, dealers and market participants would find it more costly to trade, with a negative impact on market liquidity and the real economy through increased financing costs. The role of...
Persistent link: https://www.econbiz.de/10011978326
economic issues of competition on dominant platforms, using Amazon as a case study. The paper examines the role of dominant … recommendations to adapt competition law to the challenges of the digital economy …
Persistent link: https://www.econbiz.de/10013233108
This paper examines the causes and effects of mobile number portability (MNP) and provides a survey of its implementation in Europe. We first examine the competitive effects and the costs of introducing MNP. Next, we discuss how to charge for MNP. We argue that a price cap regime starting from...
Persistent link: https://www.econbiz.de/10014063401
This paper develops a model that formalizes several connections between mergers, collusion and competition policy. In …) and the competition authority can only deter collusion by restricting mergers. Finally, we highlight that mergers could be … more harmful (less beneficial) than expected if the impact that mergers have on the competition regime is properly …
Persistent link: https://www.econbiz.de/10014110460
We investigate the trade-off between financial stability and competition policy by focusing on the merger of ABN AMRO … products using a random-coefficients logit model. On the supply side we assume Bertrand Nash competition in a multiproduct …
Persistent link: https://www.econbiz.de/10012268034
We propose an analysis of platform competition based on the academic literature with a view towards competition policy …. First, we discuss to which extent competition can emerge in digital markets and show which forms it can take. In particular … competition in platform markets. Second, we analyse competition policy issues and discuss how rules designed for standard markets …
Persistent link: https://www.econbiz.de/10012258099
by competition in the product market …
Persistent link: https://www.econbiz.de/10014198769
On September 17, 2008, the Securities and Exchange Commission (SEC) issued an emergency order banning the shorting of 797 financial stocks. This paper studies the impact of the short selling ban on the credit derivatives market by investigating credit default swap (CDS) prices during the period...
Persistent link: https://www.econbiz.de/10013117593