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We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...
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This article analyzes long-term value creation or destruction in mergers and acquisitions in the telecommunications sector. After characterizing the market targeted by the analysis (telecommunications) and discussing and selecting the most suitable long-term methodology, we will make an...
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operator in France and the merger between the third and the fourth mobile operators in Austria. Using a hedonic price model and … price of mobile data services by 4 dollars per Gigabyte; contrary to the merger in the Austrian market which lowers the unit … the static ones in the mobile telecommunications industry. Therefore, a merger from four to three mobile operators may be …
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This paper focuses on how corruption affects an important internationalization behavior of firms: the extent of control - wholly owned subsidiary or equity participation - exercised by firms involved in cross-border mergers and acquisitions (M&A). Recently, scholars have recommended studying the...
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