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The paper develops a framework to enforce anti-predation rules that explicitly takes the intervention stage into account. In particular, it is proposed to improve predation enforcement by focusing on two channels: refining the current regime, and amending it. With respect to the refinement of...
Persistent link: https://www.econbiz.de/10010299842
The paper characterises the building blocks of a framework to enforce antipredation rules and subsequently evaluates selected enforcement options in a Cournot-type duopoly predation model. Differentiating between a no rule approach, an ex ante approach and two ex post approaches, it is shown...
Persistent link: https://www.econbiz.de/10010302998
The paper provides a comprehensive survey of the economics behind the fight against hard core cartels. Differentiating between four subsequent stages - characterisation, welfare effects, enforcement and evaluation - the paper pays particular attention to cartel detection methods, the derivation...
Persistent link: https://www.econbiz.de/10010303008
The paper investigates the impact of corporate governance on the performance of 361 German corporations over the time period 1991 to 1996. We find ownership concentration to affect profitability significantly negatively. Representation of owners on the board of executive directors does not make...
Persistent link: https://www.econbiz.de/10010324052
Summary The paper discusses the link between financing R&D and tangible investment, firm size, and corporate governance. Mechanisms of corporate governance, such as the presence of large shareholders or stakeholders, may reduce agency and specificity problems and improve access to external...
Persistent link: https://www.econbiz.de/10014608824
Monetäres Reinvermögen versus Geldmenge M3: Eine Erwiderung Der Beitrag beschäftigt sich mit der Kritik von Clostermann, Scharnagl und Seitz (CSS) an unserem Artikel "Monetäres Reinvermögen versus Geldmenge M3". Gezeigt wird, daß die Ergebnisse entgegen den Behauptungen von CSS nicht auf...
Persistent link: https://www.econbiz.de/10014522623
Durch Regressions- und Kointegrationsanalyse wird gezeigt, daß seit den 80er Jahren in Deutschland ein statistisch signifikanter Zusammenhang zwischen der realen Geldmenge M3 und dem realen Sozialprodukt nicht mehr nachweisbar ist. Demgegenüber bestand sowohl für die 70er als auch für die...
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