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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

The Duverger-Demsetz perspective on electoral competitiveness and fragmentation : with application to the Canadian parliamentary system, 1867-2011

Ferris, J. 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

A competitive framework for government’s engagement of researchers

Heard, Christopher; Menezes, Flávio Marques - 2018

Persistent link: https://www.econbiz.de/10011884355

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

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

A theory of digital ecosystems

Heidhues, Paul; Köster, Mats; Kőszegi, Botond - 2024

We develop a theory of digital ecosystems built on the premise that a multi-market firm can steer users it has in one market toward its products in other markets. Due to this “cross-market leverage,” a leader in an “access-point” market (where users begin their online journeys) derives a...

Persistent link: https://www.econbiz.de/10015065241

A dynamic model of political party equilibrium : the evolution of ENP in Canada, 1870-2015

Ferris, J. Stephen; Winer, Stanley L.; Olmstead, Derek E. H. - 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

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

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

A theory of digital ecosystems

Heidhues, Paul; Köster, Mats; Kőszegi, Botond - 2024

Persistent link: https://www.econbiz.de/10015080650