Showing 101 - 110 of 227,701
Using firm-level data for a sample of European countries, we focus on the effects that product-market regulations have on firm-level TFP growth. We proxy regulatory burdens using the OECD indicators of sectoral non-manufacturing regulations. These allow accounting for both the direct effects of...
Persistent link: https://www.econbiz.de/10013129907
cost pass-through is by far the prevailing behaviour of German energy-intensive sectors participating in the EU Emissions … induced by the EU ETS are therefore likely to be absorbed through a reduction of profit margin, creating incentives to …
Persistent link: https://www.econbiz.de/10013132950
This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and...
Persistent link: https://www.econbiz.de/10013134086
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network
Persistent link: https://www.econbiz.de/10013134926
This paper explores the ability of European refineries to pass-through costs associated with the introduction of the EU … Emissions Trading Scheme (EU ETS). We estimated a sequence of vector error correction models (VECM) within a multi …-national setting which covers 14 EU member states. Using weekly data at the country level, this paper finds a significant influence of …
Persistent link: https://www.econbiz.de/10013135020
of North America in the size of fines imposed on cartels. While there are glimmers of change afoot, the EU's fight … private actions. Unlike the United States, EU law does not permit sanctions to be imposed on cartel managers, nor is this …
Persistent link: https://www.econbiz.de/10013136896
During the last decade, economic integration, geopolitical developments and regulatory change have transformed the European asset management industry. But while the industry has evolved, academic research has not kept pace. During the last ten years or so, the lack of systematic research on the...
Persistent link: https://www.econbiz.de/10013115208
As part of the Single Market Program the European Commission commanded the liberalization and regulatory harmonization of utilities, transport and telecommunication services. This paper investigates whether and how this process affected the productivity of European network firms. Exploiting the...
Persistent link: https://www.econbiz.de/10013117179
This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and...
Persistent link: https://www.econbiz.de/10013119333
This paper provides evidence on the links between financial deregulation and economic performance in a European context. Specifically, we study the relaxation of bank branching restrictions in Spain which triggered off a remarkable inter-regional expansion of savings banks which was coincidental...
Persistent link: https://www.econbiz.de/10013121267