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We investigate the trade-off between financial stability and competition policy by focusing on the merger of ABN AMRO … and Fortis Bank NL in the Dutch retail banking market. The financial crisis delayed the completion of the merger giving … products using a random-coefficients logit model. On the supply side we assume Bertrand Nash competition in a multiproduct …
Persistent link: https://www.econbiz.de/10012268034
literature suggest a negative effect of (price) competition on investments in mobile networks. To the best of our knowledge this … auctions may alter competition in the mobile market. …
Persistent link: https://www.econbiz.de/10012289373
costs to the products being advertised, - Elimination (or non-emergence) of competition in markets to the products being …
Persistent link: https://www.econbiz.de/10012151937
OTT-messenger such as facebook, WhatsApp have gained wide popularity among mobile users while traffic of text messaging has been in strong decline in several countries. This work is the first to provide an empirical analysis how consumption of OTT-messengers affects demand for text messaging and...
Persistent link: https://www.econbiz.de/10011778001
When banks are faced with a funding shortage in money market wholesale funding, they partly substitute by tapping other wholesale funding sources. Using auction-level data on large corporate deposits, we trace these substitution effects and their implications, which go beyond the balance sheets...
Persistent link: https://www.econbiz.de/10012289308
We demonstrate that the co-existence of different motives for liquidity preferences profoundly affects the efficiency of financial intermediation. Liquidity preferences arise because consumers wish to take precautions against sudden and unforeseen expenditure needs, and because investors want to...
Persistent link: https://www.econbiz.de/10013328813
runs, and face a threat of entry. Higher competition increases deposit rates and bank fragility, resulting in an … intermediate socially optimal level of bank competition. We provide a novel theory of bank opacity. The cost of opacity is more … is to deter entry of competitors, which increases bank charter value. Banks can be excessively opaque, motivating …
Persistent link: https://www.econbiz.de/10013329652
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His test essentially asks if consumers are harmed by the pricing practices of the firm in the market in which they purchase the good or service. Even if these firms are monopoly or...
Persistent link: https://www.econbiz.de/10012804859
In this paper, we formulate and estimate a structural model of demand to analyse the equilibrium effect of the RAN sharing by using cross-country panel data in 28 EU countries in years 2010-2020. Based on model estimates, our simulation analysis in Spain firstly provides a quantitative...
Persistent link: https://www.econbiz.de/10012804946
Does co-investment enhance fiber to the home (FTTH) coverage, adoption and competition? We combine several French … insert the correction term derived from the entry model in the FTTH coverage (adoption, competition) regression to correct … FTTH adoption during the 2015-2018 study period and also a more intense competition as shown through the decrease in Orange …
Persistent link: https://www.econbiz.de/10012151918