Showing 1 - 10 of 201
This paper investigates the determinants of the structure of the banking industry by fitting a monopolistic competition model to a sample of banks drawn from eight EEC countries over 1989-1993. In the theoretical model, banks decide strategically both entry and the branching size of thier...
Persistent link: https://www.econbiz.de/10005207720
This paper is aimed at assesssing the empirical relevance of the new theory of regulation inspired by the theory of incentives. It contributes to the econometrics of asymmetric information models by using the principal-agent framework for studying the regulatory schemes used in French urban...
Persistent link: https://www.econbiz.de/10005671136
Dans cet article, nous proposons un cadre unifie permettant de rendre compte des developpements les plus recents de la theorie de la discrimination par le prix. Ces developpements ont pour denominateur commun le desir de relacher les hypotheses sous-tendants le cas desormais classique de la...
Persistent link: https://www.econbiz.de/10005671140
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This article suggests that the global inefficiency which generally affects a production process is endogenous and depends on the incentives generated by the process environment. We propose to treat the usual correlation between the inefficiency and the regressors of the production frontier...
Persistent link: https://www.econbiz.de/10005486526
Rationalization of U.S. freight railroads following the Staggers Rail Act of 1980 had led to lower real rates for many agricultural and industrial shippers, but has also been accompanied by increasing industry concentration and (more recently) merger-related service disruptions. This has led...
Persistent link: https://www.econbiz.de/10005486529
This paper analyzes the relationship between a central banker and his partisan political principals. Incentive contracts for central bankers are not designed by social planners but by partisan political principals who obey to their own incentives.
Persistent link: https://www.econbiz.de/10005486535
As the structure of consumer preferences plays a crucial role in the analysis of differentiated product markets, estimation of demand systems is a sensitive task. This paper contributes to this project in two ways. First, we develop a method to deal with the simultaneous choice of an equipment...
Persistent link: https://www.econbiz.de/10005486544