Showing 1 - 10 of 53
This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition. The results suggest that the level of bank...
Persistent link: https://www.econbiz.de/10009151235
We investigate a Cournot model with strategic R&D investments wherein efficient low-cost firms compete against less efficient high-cost firms. We find that an increase in the number of high-cost firms can stimulate R&D by the low-cost firms, while it always reduces R&D by the high-cost firms....
Persistent link: https://www.econbiz.de/10010332211
/product entry and a translog expenditure function by Bayesian methods. The dynamics of net business formation allow us to identify … the 'competition effect', by which desired price markups and inflation decrease when entry rises. We find that a 1 percent …
Persistent link: https://www.econbiz.de/10010368526
In recent years across Europe, mobile operators have made a number of attempts to consolidate. Consolidation, whether it is successful or not, inevitably focuses on the number of mobile network operators present in a market. Largely overlooked in the discussion of how many mobile network...
Persistent link: https://www.econbiz.de/10011577377
We test for the distributional effects of regulation and entry in the mobile telecommunications sector in a highly …. Next, we use a demand and supply equilibrium framework to simulate prices and the distribution of welfare without entry and … mobile termination rate regulation. We find that regulation benefits consumers significantly more than entry does, and that …
Persistent link: https://www.econbiz.de/10012052809
that (a) contest entry and rent-seeking expenditures increase with the size of the prize; and (b) earnings are equalized …
Persistent link: https://www.econbiz.de/10010277512
Hundreds of millions of microenterprises in emerging economies face increased competition from the entry and expansion …
Persistent link: https://www.econbiz.de/10014563951
endogeneity of market entry decisions. Using a detailed monthly firm-level panel data for all inspection firms in Sweden, we find …
Persistent link: https://www.econbiz.de/10013208800
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …
Persistent link: https://www.econbiz.de/10010397677
We study patterns of entry and exit in the German interurban bus industry in the first three years after its … German cities - with the intensity of entry being dependent on the number of inhabitants, average income, the share of under …
Persistent link: https://www.econbiz.de/10011739421