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How efficient is a contestable natural monopoly?
Weichenrieder, Alfons J. - 1999
This paper considers the efficiency of a contestable natural monopoly if consumers are heterogeneous and the monopolist can differentiate prices imperfectly. With restricted entry, the standard result in this case is that the monopoly offers a menu of price-quantity combinations which leads to...
Persistent link: https://www.econbiz.de/10009781681
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The Duverger-Demsetz perspective on electoral competitiveness and fragmentation : with application to the Canadian parliamentary system, 1867-2011
Ferris, John Stephen; Winer, Stanley L.; Grofman, Bernard - 2016
depends on the contestability of elections, which declines as party fragmentation exceeds the long run level predicted by … of vote shares and a new index of electoral contestability over the history of the Canadian parliamentary system from …
Persistent link: https://www.econbiz.de/10011428344
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Competition and bank stability
Götz, Martin - 2016
Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of interstate banking deregulation lowered barriers to entry into urban banking markets and find that greater competition significantly increases bank stability. This result is robust to...
Persistent link: https://www.econbiz.de/10011559788
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The concentration of digital markets : how to preserve the conditions for effective and undistorted competition?
Marty, Frédéric - 2021
Persistent link: https://www.econbiz.de/10012617476
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A dynamic model of political party equilibrium : the evolution of ENP in Canada, 1870-2015
Ferris, John Stephen; Winer, Stanley L.; Olmstead, … - 2020
2015 first using an auto-regressive distributed lag (ARDL) model and then allowing for asymmetric adjustment by adapting NARDL panel estimation techniques. After finding evidence of asymmetry at the party level, the NARDL results uncover two new stylized facts for ENP at the national party...
Persistent link: https://www.econbiz.de/10012238434
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A competitive framework for government’s engagement of researchers
Heard, Christopher; Menezes, Flávio Marques - 2018
Persistent link: https://www.econbiz.de/10011884355
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Market contestability and bribe solicitations : evidence across stages of firms' operations
Goel, Rajeev K.; Mazhar, Ummad; Saunoris, James W. - 2018
Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in … business operations on bribe solicitations. Contestability undermines bureaucratic rent-seeking potential and this paper tries … to capture this empirically using cross-country survey data. Results show that the relatively greater contestability of …
Persistent link: https://www.econbiz.de/10011822610
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Perfect competition, market power, and contestability
Budzinski, Oliver; Stöhr, Annika - 2024
) and on combating the (anticompetitive) abuse of market power. Contestability refers to the openness of markets. More … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has … employed the term contestability in broader and in varying ways, emphasizing the role of potential competition and potential …
Persistent link: https://www.econbiz.de/10014536299
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A theory of dgital ecosystems
Heidhues, Paul; Kösters, Mats; Kőszegi, Botond - 2024
We develop a model of digital ecosystems based on the assumption that a multimarket firm can use a sale in or data from one market to steer users toward its products in other markets. Due to this "cross-market leverage," a market leader at an "access point" (where users begin their online...
Persistent link: https://www.econbiz.de/10014635326
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Mediated audits
Pollrich, Martin - 2015
I study the optimal audit mechanism when the principal cannot commit to an audit strategy. Invoking a relevation principle, the agent reports her type to a mediator whi assigns contracts and recommends the principla whether to audit. For each reported type the mediator randomizes over a...
Persistent link: https://www.econbiz.de/10011285322