We consider the testable implications of the Cournot model of market competition. Our approach is nonparametric in the sense that we abstain from imposing any functional specification on market demand and firm cost functions. We derive necessary and sufficient conditions for (reduced form)...

In addressing the precipitous drop in trade volumes in the recent crisis, the real and financial explanations have sometimes been juxtaposed as competing explanations. However, they can be reconciled by appeal to the time dimension of production and the working capital demands associated with...

This paper studies the role of technology and competition in industry-wide productivity growth. We rely on a unique producer-level dataset covering U.S. steel producers between 1963 and 2002 to measure the impact of a drastic new production technology, the minimill, on aggregate productivity. In...

En 2014, la durée d’utilisation des équipements productifs (DUE) dans l’industrie manufacturière, mesurée par l’enquête de la Banque de France, poursuit sa progression amorcée après la crise financière de 2009. La hausse de la DUE serait ainsi de 1,7 % en 2014 (1,4 % en 2013),...

The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...

BARRIERS TO ENTRY: ABOLISHING THE BARRIERS TO UNDERSTANDING by Jan-Horst Keppler Professor of economics Université Paris – Dauphine, LEDa, and Université Paris I Panthéon-Sorbonne, PHARE Port.: (+33 6) 77 81 37 46; Email: jan.keppler@dauphine.fr. Abstract The concept of a barrier to entry...

The article deals with the indicators used when making investment decisions in situations when it is necessary to invest different amounts of money in alternative real assets for different periods of time. The author suggests two new indicators: “the indicator of the speed of specific...

There are described ways to estimate local efficiency (LE) and total efficiency (TE). LE is calculate from point of view of commercial private investor. TE is calculated for economy of state. He author critics known indicators (NPV, IRR, МIRR, РI, Pb, DPb, ЕАА, ЕАС). The author suggests...

This paper analyzes the impact of mergers and acquisitions (M&A) activities in research-based pharmaceutical companies, specifically the impact of R&D expenditure, profitability, and sales revenue on firms’ productivity, R&D intensity, in pharmaceutical industries following M&A activities. The...

From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth or inequalities remains unclear. Do reallocations with more flows tend to produce higher productivity growth? Does such link appear at the expense of higher inequalities? We...