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Comprehensive studies on the impact of market access on port efficiency are scarce, and the problem that market access … Data for measuring port efficiency, and further develops the methodology for panel data and proposes an instrumental … variable extension for dealing with endogenous market access indicators. Second, it advances the empirical port literature by …
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If an intermediary offers sellers a platform to reach consumers, he may face a hold-up problem: sellers suspect that the intermediary will enter their respective market, competing with them. As sellers fear that they cannot recoup their sunk costs of entry, they do not join the platform. Hence,...
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consumer surplus is not too concave. With open entry, quantity competition with access fees may be less efficient than without …
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