Showing 151 - 160 of 18,020
This paper gives a model for price competition under consumer switching costs in a network setting with interconnection charges. This simultaneous analysis is conducted in a discrete choice model with a multinomial logit differentiation for the customers and not in a traditional Hotelling...
Persistent link: https://www.econbiz.de/10005588162
Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...
Persistent link: https://www.econbiz.de/10005609341
Productivity growth has long been associated with, among others, contestability of markets which, in turn, is dependent on the ease with which potential competitors to the incumbent firms can enter the product market. There is a growing consensus that in emerging markets regulatory and...
Persistent link: https://www.econbiz.de/10005652599
fact that the new company will cover not above 40% of the market; meaning that potential entry and facilities based … competiton will produce a market with companies of different sizes. We also find that the entry policy with asymmetric access … paid by consumers because prices increase in equilibrium. In terms of efficiency the assisted entry produce welfare loss …
Persistent link: https://www.econbiz.de/10005698266
the literature as compared to the classical problem of firm entry, even if the determinants of firm and product entry are … quite different. The theoretical predictions about the sign of the impact of uncertainty on product entry are not conclusive … to profit variability. Interestingly, the degree of uncertainty appears to be a driving force of entry stronger than …
Persistent link: https://www.econbiz.de/10010570288
We empirically quantify the welfare implications of bank entry in the United States between 2000 and 2008. We use a … market outcomes. We find no evidence for under- or over-entry. Compared with the socially efficient outcome, there is a mild … significantly improves welfare under free entry. …
Persistent link: https://www.econbiz.de/10010709493
Using a regression discontinuity design, we document the effect of publicizing a procurement auction on entry and … more bidders and reduces search and preparation costs, which encourages entry and “improves” procurement. …
Persistent link: https://www.econbiz.de/10008802546
product, if a ?m anticipates entry, it may choose to stake claim to a customized product. For low transportation costs, the …
Persistent link: https://www.econbiz.de/10011093635
firm to do more things within the firm. In addition, it is ex¬pected that there is a relationship between entry rate and …
Persistent link: https://www.econbiz.de/10011115521
The concept of a barrier to entry has been discussed least since Bain [1956] with important contributions by Spence … dedicated session at the 2004 AEA meeting. Yet, a 'barrier to entry' remains a surprisingly elusive concept, which even … subject fail to resolve the issue, because they insist on analyzing barriers to entry in the context of identical firms in …
Persistent link: https://www.econbiz.de/10011166351