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In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
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Efficiency and Competition in Chinese Banking gives a comprehensive analysis of the industry, including cost, technical …, profit, and revenue efficiency. The Chinese banking industry is of global importance. The book estimates the competitive … investigates the impact of competition on efficiency in Chinese banking while controlling for comprehensive determinants of bank …
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In Deutschland wird die Wasserwirtschaft nach wie vor fast ausschließlich von Unternehmen im öffentlichen Eigentum betrieben, die kaum Wettbewerbskräften ausgesetzt sind. -- Stephan Schönefuß erarbeitet vor diesem Hintergrund einen theoretisch fundierten Vorschlag für eine...
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