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Measuring Competition using the Profit Elasticity : American Sugar Industry, 1890-1914

boone, jan; van Leuvensteijn, M. - Tilburg University, Center for Economic Research - 2010

Persistent link: https://www.econbiz.de/10011090987

boone, jan; van Ours, Jan; van der Wiel, H.P. - Tilburg University, Center for Economic Research - 2007

We introduce a new measure of competition: the elasticity of a firm’s profits with respect to its cost level. A higher … value of this profit elasticity (PE) signals more intense competi- tion. Using firm-level data we compare PE with the most … popular competition measures such as the price cost margin (PCM). We show that PE and PCM are highly correlated on average …

Persistent link: https://www.econbiz.de/10011091045

Information Asymmetry and Foreign Currency Borrowing by Small Firms

Brown, M.; Ongena, S.; Yesin, P. - Tilburg University, Center for Economic Research - 2011

We model the choice of loan currency in a framework which features a trade-off between lower cost of debt and the risk of firm-level distress costs. Under perfect information foreign currency funds come at a lower interest rate, all foreign currency earners as well as those local currency...

Persistent link: https://www.econbiz.de/10011091089

Collusion under Yardstick Competition : An Experimental Study

Potters, Jan; van Damme, Eric; Rockenbach, B.; Sadrieh, A. - Tilburg University, Center for Economic Research - 2003

The effectiveness of relative performance evaluation schemes, such as yardstick competition, can be undermined by …

Persistent link: https://www.econbiz.de/10011091230

Vested Interests and Resistance to Technology Adoption

Canton, E.J.F.; de Groot, H.L.F.; Nahuis, R. - Tilburg University, Center for Economic Research - 1999

resist. Successful resistance blocks adoption and hence lowers growth. Finally, we analyse the effects of tougher competition …. Provided that consumption and leisure are relatively good substitutes, tougher competition mitigates resistance and thus …

Persistent link: https://www.econbiz.de/10011091275

Competitive Pressure on China : Income Inequality

ten Raa, Thijs; Pan, H. - Tilburg University, Center for Economic Research - 2001

issue of income inequality under competition.Our main finding is that inequality would multiply indeed. Subsidiary, the … relationship between development and inequality would be dissolved by competition. …

Persistent link: https://www.econbiz.de/10011091318

Constrained Suboptimality When Prices are Non-Competitive

Herings, P.J.J.; Konovalov, A. - Tilburg University, Center for Economic Research - 2000

The paper addresses the following question: how efficient is the market system in allocating resources if trade takes place at prices that are not necessarily competitive?Even though there are many partial answers to this question, an answer that stands comparison to the rigor by which the first...

Persistent link: https://www.econbiz.de/10011091398

Softening Competition by Enhancing entry : An Example from the Banking Industry

Degryse, Hans; Bouckaert, J.M.C. - Tilburg University, Center for Economic Research - 2002

We show that competing firms relax overall competition by lowering future barriers to entry.We illustrate our findings …-period profits.This dampens competition for serving the first-period market. …

Persistent link: https://www.econbiz.de/10011091557

Competitive Pressure, Selection and Investments in Development and Fundamental Research

boone, jan - Tilburg University, Center for Economic Research - 1998

and development. It presents a new framework incorporating the selection effect of product market competition, the …

Persistent link: https://www.econbiz.de/10011091628

Distance, Lending Relationships, and Competition

Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2003

A recent string of theoretical papers has highlighted the importance of geographical distance in explaining loan rates for small firms.Lenders located in the vicinity of small firms face significantly lower transportation and monitoring costs, and hence wield considerable market power, if...

Persistent link: https://www.econbiz.de/10011091782