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In the telecommunications industry, the ladder-of-investment approach claims that service-based competition (when entrants lease access to incumbents' facilities) can serve as a “stepping stone” for facility-based entry (when entrants build their own infrastructures to provide services). In...
Persistent link: https://www.econbiz.de/10013093914
seen a great deal of scholarly attention, regulation. An "agency problems" approach to studying political and other agency …
Persistent link: https://www.econbiz.de/10013074677
This paper considers the impact of European telecom regulation on the value of affected companies. Employing a … repeating AR-GARCH model, I compare the effect of three types of regulation which are categorized based on the addressed subject …, i.e. cross-market, country-specific and company-specific regulation. While standard event study approaches are a special …
Persistent link: https://www.econbiz.de/10013135018
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This paper examines the impact of start-up regulations and institutional quality on the level of new business activity in a panel of 119 countries between 2001 and 2012. We find robust evidence that new business creation is significantly lower in countries with excessive barriers to entry, a...
Persistent link: https://www.econbiz.de/10012932206
Transport infrastructure is a regular subject of discussion around market failure and market intervention. Both … the usage of infrastructure capacity is analyzed. Results of the empirical analysis show that the number of active ground …
Persistent link: https://www.econbiz.de/10014428261
Persistent link: https://www.econbiz.de/10003554529
Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however, have yet to establish an unequivocal significance of this impact. Model mis-specification, one of the main underlying problems, is overcome by adopting a Bayesian Model...
Persistent link: https://www.econbiz.de/10008652532
Using a newly constructed database for 26 countries over 2000-2014, we analyze cross-country and within-country differences in mortgage arrears. We find that macro-prudential policies (notably regulatory LTV ratios) are significantly negatively associated with the share of mortgage arrears in...
Persistent link: https://www.econbiz.de/10012940753
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