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Grossman-Hart-Moore Property Rights Theory and the Transaction Cost Theory of the firm, and emphasizes the impact of … control arrangements o?ers strong support to our Property-Rights-Theory motivated model with self investment but rejects that … with cooperative investment. The Transaction-Cost-Theory motivated model leaves some important empirical findings …
Persistent link: https://www.econbiz.de/10009476694
We study the location-specific component in research productivity of economics and finance faculty who have ever been affiliated with the top 25 universities in the last three decades. We find that there was a positive effect of being affiliated with an elite university in the 1970s; this effect...
Persistent link: https://www.econbiz.de/10009476932
This dissertation views firms as systems of interdependent activities and investigates the role of coordination costs in setting limits to firms’ growth strategies and organization structure. It contains three interrelated studies. Study I examines the impact of coordination costs on firms’...
Persistent link: https://www.econbiz.de/10009477098
generate dead weight loss whenmaximizing producer surpluses as expected under prevailing microeconomic theory. Theuse of …
Persistent link: https://www.econbiz.de/10009443786
This paper examines the preferences of a foreign firm and awelfare-maximizing host country government over two modes of foreigndirect investment (FDI): de novo entry by the foreign firm andacquisition of the domestic incumbent. Two crucial features of the modelare the presence of network...
Persistent link: https://www.econbiz.de/10009435076
This paper examines the justifications, history, and practice ofregulation in the US telecommunications sector. We examine the impact oftechnological and regulatory change on market structure and businessstrategy. Among others, we discuss the emergence and decline of thetelecom bubble, the...
Persistent link: https://www.econbiz.de/10009435083
We propose a general model of imperfect competition among multi-productfirms, the consumption of whose goods yields externalities from oneconsumer to another. We extend the allocation approach of Weyl (2010)'smonopoly model, proposing a solution concept, Insulated Equilibrium,that allows for...
Persistent link: https://www.econbiz.de/10009435179
This paper investigates the results of competition between two profit-seeking telecommunications carriers, as might occur when cable TV providers compete with local exchange carriers. Each firm has a fixed capacity that it can use to offer two different services, such as telephony or video. We...
Persistent link: https://www.econbiz.de/10009441052
ten cartels. Contrary to conventional wisdom, and consistent with the more recent oligopoly trade models, we find no …
Persistent link: https://www.econbiz.de/10009476567
recent market-sharing oligopoly trade models, we find no significant change in spatial patterns of trade following cartel …
Persistent link: https://www.econbiz.de/10009477434