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analyzing the impact of insurers' scale of operations and group affiliation status on benefits, costs, and efficiency from the … regarding the assessment of what constitutes efficiency with respect to scale of operations and group affiliation status … some guidelines regarding the appropriate scale of operations for the scale efficiency, and informs discussion of mergers …
Persistent link: https://www.econbiz.de/10012869567
Despite relatively successful efforts to modernize the analytical approach for assessing the potential anticompetitive effects of a merger in the United States, antitrust doctrine and agency practice unfortunately have not similarly incorporated advances in economics with respect to the analysis...
Persistent link: https://www.econbiz.de/10013056870
economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …
Persistent link: https://www.econbiz.de/10012984733
Empirical studies on efficiency of the governance system in agriculture are very rare. That is a consequence of both … theoretical and practical challenges. The criteria and approach for assessing social efficiency are still debated while … available. This is a first attempt for a comprehensive empirical study on the efficiency of the system of agrarian governance in …
Persistent link: https://www.econbiz.de/10012923357
This paper studies five mergers in the European wireless telecommunication industry and analyzes their impact on prices and capital expenditures of both merging carriers and their rivals. We find substantial heterogeneity in the relationship between increases in concentration and carriers'...
Persistent link: https://www.econbiz.de/10012928555
The supposed ubiquity of potential efficiencies is understood to justify permitting most horizontal mergers despite their tendency to raise prices. Yet efficiencies are said to be rarely decisive in actual merger decision-making. Moreover, the economic analysis of merger efficiencies lags far...
Persistent link: https://www.econbiz.de/10013237386
deregulation and the succeeding changes on efficiency of the Japanese life insurance industry using a Stochastic Input Distance … efficiency difference between mutual and stock life insurers has been getting larger since deregulation. Third, there is not much … difference of efficiency between foreign insurers and domestic insurers. We also find that efficiency of life insurers has …
Persistent link: https://www.econbiz.de/10013147511
This paper studies five mergers in the European wireless telecommunication industry and analyzes their impact on prices and capital expenditures of both merging carriers and their rivals. We find substantial heterogeneity in the relationship between increases in concentration and carriers'...
Persistent link: https://www.econbiz.de/10011787933
This paper analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high …
Persistent link: https://www.econbiz.de/10010850461
This paper proposes an efficiency analysis of the major European incumbent firms in the fixed telecommunications sector …. The non-parametric approach, that has been adopted here, expresses the efficiency according to a directional distance … measure, allowing to consider the different nature of outputs categories, according to their technological content. Efficiency …
Persistent link: https://www.econbiz.de/10010839114