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Liberalization of the European automobile distribution system in 2002 limits the ability of manufacturers to impose vertical restraints, leading to a substantial restructuring of the industry and increasing the competitive pressure among dealers. We estimate an equilibrium model of profit...
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Italian Abstract: L'obiettivo di questo capitolo è il rapporto tra la funzione di costo, che stilizza le ipotesi sui rendimenti di scala, e la funzione d'offerta dell'impresa concorrenziale, singola e aggregata. Useremo la teoria microeconomica standard della produzione allo scopo di...
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supervisory data set, this paper investigates competition and efficiency in the Dutch life insurance market by estimating unused … economies decrease but substantial differences between small and large insurers remain. A direct measure of competition confirms … competition from banks, the so-called investment policy crisis or the credit crisis, apart from lower returns in 2008 …
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addition, this idea is largely contradicted by the short period during which the sector achieved some level of competition … Telecommunications Act and of much of the competition it helped facilitate …
Persistent link: https://www.econbiz.de/10014051653
This paper concerns the operation of competition in the presence of a high rate of innovation and increasing returns …. Given free competition there is likely to exist, in this case, a tendency towards what may be called "dynamic equilibrium … this investment yields only a normal return. Thus, competition, increasing returns and innovation may co-exist …
Persistent link: https://www.econbiz.de/10014072727
A recent empirical literature has shaken economists' confidence in the value of aggregate (industry-level) data to illuminate production relationships. But the statistical finding "you can't aggregate," however well documented, is not an economic explanation. Plant-level relationships do...
Persistent link: https://www.econbiz.de/10014033930
generate competition among rivals proximate to a standard (e.g. ranked #3 vs. 4, near the top); rivals far from a standard (e … comparison, may account for those classical competition findings in the literature. Study 5 then reveals how scale ranking …
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