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We analyze the phenomenon of hub dominance by developing a model relating faresto distance, using the mainleg of intercontinental flights for scaling purposes. Our results indicate thatat least some of the major Europeancarriers place a mark up on flights originating from or going to their hubs.
Persistent link: https://www.econbiz.de/10011303861
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stability channel of bank competition …
Persistent link: https://www.econbiz.de/10013072563
literature of competition modeling has produced mixed results, the proposed methodology goes one step further in order to … investigate the intensity of key effects on bank competition as decomposed into specific bank activities. The sample comprises …
Persistent link: https://www.econbiz.de/10013073979
This paper tests for the existence of market power in banking, using data on demand deposit rates of households and corresponding market rates in five euro area countries. An implicit measure for market power is based on a partial adjustment model that also allows for an asymmetric response of...
Persistent link: https://www.econbiz.de/10013153600
I test the predictions from Duca, Montero, Riggi and Zizza (2017), who develop a customer-market model with consumer switching costs and capital-market imperfections in which price-cost markups behave countercyclically, with a subsample of European firms participating in the Wage Dynamics...
Persistent link: https://www.econbiz.de/10012952268
Despite the extensive debate on the effects of bank competition, only a handful of single-country studies deal with the … impact of bank competition on the cost of credit. We contribute to the literature by investigating the impact of bank … competition on the cost of credit in a cross-country setting. Using a panel of firms from 20 European countries covering the …
Persistent link: https://www.econbiz.de/10012903437
We examine the impact of bank competition on firms' access to credit using a large panel of 900 banks matched to almost … hypothesis whereby low inter-bank competition worsens firms' credit conditions. Specifically, we find that higher bank market … corporate borrowers. Furthermore, the effect of bank competition is heterogeneous across firms and banks. On the one hand, high …
Persistent link: https://www.econbiz.de/10012897968
and competition with generics. The nature of demand for drugs, the identity of drugs brought to market, and the nature of … competition in the drug market over time are all shaped by regulation. Throughout much of the world, administrative regulation …, rather than competition policy, dominates efforts to afford consumers and governments adequate access to affordable drugs …
Persistent link: https://www.econbiz.de/10012980141
This study empirically analyses the links between banking competition and manufacturing productivity growth for a … banking competition is fiercer. We explain this result with the fact that bank market power, i.e., low competition, would …
Persistent link: https://www.econbiz.de/10013005222