Showing 21 - 30 of 23,201
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
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
[1982] type contestability model, we argue that the internet has reduced sunk costs and therefore increased contestability … contestability in deposit markets, and no effect for loan markets. The paper suggests that for time and savings deposits, the …
Persistent link: https://www.econbiz.de/10010298724
stagnation before deregulation, weak competition from sea carriers, the lack of charter airlines, the large ethnic Irish …
Persistent link: https://www.econbiz.de/10010682080
This paper aims to find out how intense the competition between Polish commercial banks is in the loan market. Using Panzar–Rosse H-statistics and employing several estimation techniques (GLS, one-step GMM and two-step GMM), we find that this intensity is sensitive to the estimator applied....
Persistent link: https://www.econbiz.de/10011268266
-deposit spread suggests that the levels of contestability and efficiency are low. A more in-depth analysis using stochastic frontier … contestability support the hypothesis that contestability in Colombia is subpar. Finally, the paper also explores some of the … potential determinants of efficiency and contestability for a sample of the 24 countries over the period 2004 – 2013. This …
Persistent link: https://www.econbiz.de/10011276947
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
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
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
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/10004973361