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Changes in the extent of multi-market contact (MMC) between firms often affect market outcomes – quantities and prices. We show that a strategic but purely competitive effect of changes in MMC can change the quantity provided in a market by a firm by as much as 50%, and the prices a firm sets...
Persistent link: https://www.econbiz.de/10009699389
marginal cost efficiency. The effect of conduct on price dispersion seems to depend on the characteristics of the market. For … margial cost efficiency has a negative effect on price dispersion …
Persistent link: https://www.econbiz.de/10012971687
This article examines the regulation of the air transport sector from the perspective of competition law, focusing … regulation of air transport from the birth of civil aviation up until today. The second part is a flight into the future …
Persistent link: https://www.econbiz.de/10012834548
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10012444046
Competitive tension refers to pressure that is considered to exist among firms operating in a competitive market and that forces them to take competitive action against each other. An imaginary upper limit of competitive tension symbolizes the difference between whether to take competitive...
Persistent link: https://www.econbiz.de/10012302774
regulation data are integrated with the annual energy, transport and communication regulation (ETCR) indicator and what sector …
Persistent link: https://www.econbiz.de/10011577777
competitive dynamics so that consumers could benefit from ongoing improvements in price and efficiency levels, recent DOT policies …
Persistent link: https://www.econbiz.de/10014186900
Plans for the development of high speed railways lines (HSR) in Spain are widespread. At the beginning of 2010 four HSR lines were operating in routes where the air transport mode used to be dominant. In this paper we examine through econometric means the air carriers' reaction to these HSR...
Persistent link: https://www.econbiz.de/10011548762
In this paper we review the main findings on competition and efficiency for the German banking sector. Our aim is to … by monopolistic competition and moderate cost efficiency. Competition and efficiency seem to be positively related … changes of the banking system, potentially with consequences for competition and efficiency. …
Persistent link: https://www.econbiz.de/10010377872
We incorporate arguments from the Tiebout model into the regulatory competition equilibrium and study cross-fertilization in the productivity growth of banks between those in a state and others in this state's neighboring states. Empirically, we focus on two time periods: before (i.e.,...
Persistent link: https://www.econbiz.de/10012856571