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contribution is two-fold. First, we expand the theory of granularity to encompass the Bertrand competition frequently used in …
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Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity … (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups …
Persistent link: https://www.econbiz.de/10010225567
This paper discusses the relation between trade and competition, revising the literature and using indicators, build … domestic competition is explained by concentration indices, such as CR4 and HHI, which show positive correlation with profit …) in the world economy. Our purpose is to extend these discussions and findings to the Brazilian case. Empirical results …
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Earlier results on estimating markup ratios as indicators of the competitive pressure are discussed and it is shown that the estimation method suggested by Roeger (1995) suffers from similar problems as an earlier method suggested by Hall (1988). It is also shown that the estimating equations...
Persistent link: https://www.econbiz.de/10014064733
This paper uses a large cross-country survey of business firms to assess their influence on government policies. It is found that influence is associated with larger, government-owned firms that have a high degree of ownership concentration. In contrast, foreign ownership matters little. It is...
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