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Persistent link: https://www.econbiz.de/10003482704
This paper presents an analysis of the world iron and steel industry from 1950 to 1980. After presenting a technical overview describing the technological possesses in use during that period by the steel, the iron ore and the ferrous scrap industries, we describe and analyse, on economic...
Persistent link: https://www.econbiz.de/10014060280
This paper, a chapter in the forthcoming Research Handbook on the Economics of Corporate law, describes the leading research related to credit ratings, and assesses regulatory proposals related to ratings, including those in the Dodd-Frank Act of 2010. It explains how rating agencies have...
Persistent link: https://www.econbiz.de/10013107567
The move from traditional to open-access journals — which charge no subscription fees, only submission fees — is gaining support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this...
Persistent link: https://www.econbiz.de/10014057137
Persistent link: https://www.econbiz.de/10011625645
restrictions. This calls for a "financial" efficiency defense in the merger law. We also show that cross-border M&As are not only … Liberalization ; Mergers & Acquisitions ; Corporate Governance ; Ownership …
Persistent link: https://www.econbiz.de/10009625136
competitive incentives helps explain domestic airline merger activity. A Cournot model of airline competition illustrates that …The domestic airline merger phenomenon of the late 1980s and early 1990s sparked a great deal of Industrial … Organization (IO) literature; yet, that literature neglected non-US domestic mergers and potential for international competitive …
Persistent link: https://www.econbiz.de/10014028041
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10011781965
engine manufacturing provides a case study, and indicates the importance of anti-trust issues as an addition to the theory …
Persistent link: https://www.econbiz.de/10003844221
importance of antitrust issues as an addition to the theory. -- R&D ; endogenous coalitions ; asymmetric firms …
Persistent link: https://www.econbiz.de/10003918993