We develop a model of quantity and price competition through announcements of new routes and their impacts on the announcer and on its rival. We find that both shares prices may register a rise or a fall as a result of an announcement of new routes, depending, for the announcer, on launching...

In this paper we study the determinants of bank interest margins for all the European countries participating in the exchange rate mechanism (ERM) of the European Monetary System (EMS) as well as for some other European countries that used to anchor their exchange rate to the main currencies of...

Despite the large number of publications related to business cooperation in R&D and the wide perception of the importance of intermediary institutions in the R&D cooperation process, empirical studies on its role are scarce, scattered and fragmented. Moreover, the academic work developed in this...

This note applies the median unbiased estimation of coefficient variance, proposed by Stock and Watson (1998), to the extraction of the time-varying trend growth rate of industrial productivity in fifteen European countries, over most of the XXth Century, by means of an unobservable components...

This paper investigates the determinants of the international input sourcing propensities of foreign-owned multinational subsidiaries in four EU host countries. Major findings concern the impact of subsidiary roles and economic integration on international sourcing patterns. Regional and global...