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Does the exercise of the right of self-determination lead to inefficiency? This paper considers a set of centrally planned municipal mergers during the Meiji period, with data from Gifu prefecture. The observed merger pattern can be explained as a social optimum based on a very simple individual...
Persistent link: https://www.econbiz.de/10011333085
This paper analyzes vertical integration incentives in a bilaterally duopolistic industry where input market outcomes are determined by bargaining. Vertical integration incentives are a combination of horizontal integration incentives up- and downstream and depend on the strength of...
Persistent link: https://www.econbiz.de/10013258145
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This paper investigates the link between competition and efficiency for the Hungarian corporate sector during various … estimated production functions indicate a gradual improvement in efficiency and a shift from decreasing to increasing returns to … efficiency of the firm. …
Persistent link: https://www.econbiz.de/10011545481
function with a timevariable stochastic efficiency term we show that positive scale and scope effects from a merger arise only … efficiency as the acquiring firms. For the post-merger phase, our empirical results provide no evidence for efficiency gains from …
Persistent link: https://www.econbiz.de/10009781750
merger that occurred by the end of 2015 (the BRF/MRP merger) had any discernable market-power or efficiency effects. To do …
Persistent link: https://www.econbiz.de/10012132959
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Productivity and efficiency are key performance indicators of improved seeds. Efficiency differences explain part of … the variation in productivity. Improved seeds may affect efficiency because farmers often do not apply inputs at optimum …. Improved seeds therefore not only directly affect productivity but also indirectly through efficiency. If productivity and …
Persistent link: https://www.econbiz.de/10011952702
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