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The static model of two sided markets proposed by Rochet and Tirole analyses optimal pricing of a monopolistic platform at the equilibrium point. Their framework implicitly assumes that for each prices set by the platform, the equilibrium number of users on each side will be unique. However,...
Persistent link: https://www.econbiz.de/10012605827
The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility. Further development of the Single Market and removing barriers to external trade would bring substantial...
Persistent link: https://www.econbiz.de/10010464954
Capturing financial network linkages and contagion in stress test models are important goals for banking supervisors and central banks responsible for micro- and macroprudential policy. However, granular data on financial networks is often lacking, and instead the networks must be reconstructed...
Persistent link: https://www.econbiz.de/10011978283
We perform a network analysis of the centrally cleared interest rate derivatives market in the European Union, by looking at counterparty relations within both direct (house) clearing and client clearing. Since the majority of the gross notional is transferred within central counterparties and...
Persistent link: https://www.econbiz.de/10011978321
that the suggested structural framework of a firm's heterogeneity in cost functions used in our model can offer a …
Persistent link: https://www.econbiz.de/10011983696
This exploratory study looks at the structural and geographical patterns of corporate knowledge flows from a regional perspective. The methodological approach combines the centrality indicators developed in the social network analysis (SNA) and complementary tools from the graphs theory to...
Persistent link: https://www.econbiz.de/10012111384
This paper explores the definition, measurement, and policy implications of digital trade, proposing a tentative typology of digital trade that can be used to unpack transactions and analyse the issues. Digitalisation is changing what and how we trade: from digital delivery to greater physical...
Persistent link: https://www.econbiz.de/10011695418
This paper contains an analysis of the network of the 29 largest European insurance groups and their financial counterparties. Insurance companies have direct exposures to other insurers, banks and other financial institutions through the holdings of debt, equity and other financial instruments....
Persistent link: https://www.econbiz.de/10011972847
Agricultural data and their use for better decision-making and innovation are at the core of the digital transformation of agriculture. But fragmented and unclear data governance arrangements may weaken farmers’ willingness to adopt digital solutions. This, in turn, may reduce the availability...
Persistent link: https://www.econbiz.de/10012312323
Recent empirical studies have investigated the territorial impact of Europe's research policies, in particular the contribution of the European Framework Programmes to the integration of a European Research Area. This paper deepens the analysis on the integration and participation of peripheral...
Persistent link: https://www.econbiz.de/10011989289