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This paper studies the introduction of new products (increase in product variety) in the automobile industry. The focus is on the two sources of market power that may allow the firms to get higher profits (and, thus, recoup investments): new products and brand-name reputation. The effects of new...
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This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel estimation. The analysis allows to distinguish...
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A firm that faces insufficient supply of labor can either increase the wage offer to attract more applicants, or reduce the hiring standard to enlarge the pool of potential employees, or do both. This simultaneous adjustment of wages and hiring standards has been emphasized in a classical...
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Deutschland Reformen zur Verbesserung dieser Situation durchgeführt. Ein wichtiger Teil dieser Reformen war die Einführung … indikatorenbasierter Finanzierungsmodelle. Diese Finanzierungsysteme sollten den Wettbewerb zwischen den Universitäten fördern, indem Teile … Quantils-Treatmenteffekten können wir die Hypothese, dass mehr Wettbewerb zwischen den Hochschulen Noteninflation verursacht …
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