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Competition and bank stability
Goetz, 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/10011560206
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A cross-country comparison of market structures in European banking
Davis, E. Philip; De Bandt, Olivier - 1999
In order to assess the effect of EMU on market conditions for banks based in countries which adopt the Single Currency, we use the H indicator suggested by Panzar and Rosse (1987). Our contribution is to assess results separately for large and small banks, and for interest income and total...
Persistent link: https://www.econbiz.de/10011604053
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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/10011872038
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Switzerland's rise to a wealthy nation: Competition and contestability as key success factors
Weder, Beatrice; Weder, Rolf - 2009
This paper argues that economic competition and political contestability are two key determinants of the successful … contestability that maintained government efficiency and led to political stability throughout history. The combination of these …
Persistent link: https://www.econbiz.de/10010273431
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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/10011431297
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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
The effective number of political parties (ENP) in a single member plurality rule electoral system is analyzed as a dynamic process whereby the tournament nature of the election contest induces excessive entry and sunk entry costs promote persistence even as Duverger-Demsetz type political...
Persistent link: https://www.econbiz.de/10012269457
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How Efficient is a Contestable Natural Monopoly?
Weichenrieder, Alfons - 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/10010315020
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Subadditivity and contestability in the postal sector: Theory and evidence
El Masri, Toufic M. - 2011
topic. Despite the importance of contestability in this context, previous literature concentrates only on the subadditivity … market is contestable. In this respect, further research is needed in order to account for contestability. …
Persistent link: https://www.econbiz.de/10010281763
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Ownership structure, control contestability, and corporate debt maturity
Ben-Nasr, Hamdi; Boubaker, Sabri; Rouatbi, Wael - In: The journal of corporate finance : contracting, … 35 (2015), pp. 265-285
Persistent link: https://www.econbiz.de/10011421067
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The Duverger-Demsetz perspective on electoral competitiveness and fragmentation : with application to the Canadian parliamentary system, 1867-2011
Ferris, John 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