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Biased quality investments and organisational structures in network industries : an application to the railway industry

Pakula, Benjamin; Goetz, Georg - 2011

This paper analyses the incentives to upgrade input quality in vertically related (network) industries. Upstream investments have a biased effect on the downstream companies and lead to vertical product differentiation. Different vertical structures such as vertical integration, ownership and...

Persistent link: https://www.econbiz.de/10008933405

A product market theory of worker training

Gersbach, Hans; Schmutzler, Armin - 2004 - revised: February 2004

We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...

Persistent link: https://www.econbiz.de/10011402873

Globalization and general worker training

Gersbach, Hans (contributor); Schmutzler, Armin (contributor) - 2004 - [Elektronische Ressource]

We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus replaced with a market with greater demand and...

Persistent link: https://www.econbiz.de/10001957223

Infrastructure quality in deregulated industries : is there an underinvestment problem

Bühler, Stefan (contributor); Schmutzler, Armin (contributor) - 2002 - [Elektronische Ressource]

We investigate how various institutional settings affect a network provider’s incentives to invest in infrastructure quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than under vertical integration, though we also provide...

Persistent link: https://www.econbiz.de/10001729423

A product market theory of worker training

Gersbach, Hans (contributor); Schmutzler, Armin (contributor) - 2003 - [Elektronische Ressource]

We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others’ trained employees and finally engage in imperfect product...

Persistent link: https://www.econbiz.de/10001729428

Taxation, industry integration and production efficiency

Moriconi, Simone - 2016

economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …

Persistent link: https://www.econbiz.de/10011775928

Upstream horizontal mergers and efficiency gains

Milliou, Chrysovalantou; Pavlou, Apostolis - 2009

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …

Persistent link: https://www.econbiz.de/10010484491

How to auction an essential facility when underhand integration is possible

Engel, Eduardo; Fischer, Ronald; Galetovic P., Alexander - 2002

Regulating seaports is difficult in general, even more so for the weak regulatory institutions common in developing countries. For this reason some countries have awarded these facilities via Demsetz auctions, to the port operator that bids the lowest cargo-handling fee. A major concern with...

Persistent link: https://www.econbiz.de/10011607677

Competition in the German interurban bus industry : a snapshot two years after liberalization

Dürr, Niklas S.; Hüschelrath, Kai - 2015

We study competition in the German interurban bus industry two years after its liberalization in January 2013. In addition to a brief characterization of the liberalization process and several general market developments, we provide a detailed analysis of selected market characteristics such as...

Persistent link: https://www.econbiz.de/10011316405

Network unbundling and flawed coordination : lessons from electricity and railways

Brunekreeft, Gert - 2014

What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be replaced by external market mechanisms. This is a...

Persistent link: https://www.econbiz.de/10010423547

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