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This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … model of oligopoly competition with di¤erentiated products where firms invest to reduce their marginal cost of production, I … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …
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We model mortgage refinancing as a bargaining game involving the borrowing household, the incumbent lender, and an outside bank. In equilibrium, the borrower's ability to refinance depends both on the competitiveness of the local banking market and on the cost of switching banks. We find...
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Value Added and Net Income of farms, as well as indicators regarding factor productivity, highlighting the relationship … between productivity, farm typology and farm size. EUROSTAT and European Commission statistics based on FADN survey from the … correlated with labour productivity. Improving the efficiency of production factors should contribute to reducing the disparities …
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at the retail level. A rapid price decline and a decline in revenues followed. Increased retail competition eventually … demand function is performed by instrumenting the market price by incumbent-specific cost shifting variables as well as other … residual demand is inelastic (long run price elasticity of residual demand of -0.12). Such a level of elasticity is shown to be …
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