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This paper argues that the case of product differentiation of concentrated markets (i.e., innovation competition) is one where production per unit of profit of non-financial corporations is lower than in competitive mass production and profit share is not an increasing function of capacity...
Persistent link: https://www.econbiz.de/10012628047
1) Are Italian mutual banks efficient? Evidence from two different cost frontier techniques, by Juan Sergio Lopez, Alessandra Appenini, and Stefania P.S. Rossi. The aim of the first paper is to analyze the efficiency of co-operative banks in Italy. The increasing competition induced by the...
Persistent link: https://www.econbiz.de/10011689899
Two-sided network effects in card payment systems are analysed under different market structures, e.g., competition, one-sided monopoly, bilateral monopoly and duopoly; with and without an interchange fee; for the so-called Baxter s case of non-strategic merchants. A partial ranking of market...
Persistent link: https://www.econbiz.de/10011585139
Two-sided market theory predicts that platforms may subsidize the participation of one type of agent by extracting surplus from another type to internalize indirect network externalities. However, few empirical studies exist to evaluate the impact of government intervention in these markets. We...
Persistent link: https://www.econbiz.de/10003900593
We study the effect of government encouraged or mandated interchange fee ceilings on consumer and merchant adoption and usage of payment cards in an economy where card acceptance is far from complete. We believe that we are the first to use bank-level data to study the impact of interchange fee...
Persistent link: https://www.econbiz.de/10013149842
A numbers of studies focusing on the determinant of the insurance market efficiency haveincreased in the last decade. In fact, many factors, like the CEO's power, can influence the efficiency in the insurance firm. The purpose of this research is to analyze the relationship between efficiency,...
Persistent link: https://www.econbiz.de/10011474418
a matching (cooperative game) model. Because a price grid damages the equilibrium of the competitive model, the matching … exists. The experiment examines stable allocations, average prices, timing of order flow and price dynamics. Larger tick size …
Persistent link: https://www.econbiz.de/10012927700
mainly of the price of an intermediate good produced locally by a privately-owned firm. We show that the real output of the … final good chosen by the insider as well as the price of the intermediate good set by the privately-owned firm are both … price and the stock pricing rule. Besides, when compared to Jain and Mirman (2000) and (2002), this two-tier real market …
Persistent link: https://www.econbiz.de/10012905780
Following the recent and on-going tightenings of capital requirements in response to the financial crisis many experts have predicted a decline in the importance of the banking sector as banks struggle to compete with other providers of financial intermediation. The purpose of our research is to...
Persistent link: https://www.econbiz.de/10012981178
Following the recent and on-going tightenings of capital requirements in response to the financial crisis many experts have predicted a decline in the importance of the banking sector as banks struggle to compete with other providers of financial intermediation. The purpose of our research is to...
Persistent link: https://www.econbiz.de/10012997841