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This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a … investment opportunity which is completely irreversible and the product market reveals an inverted U-shape relationship between …
Persistent link: https://www.econbiz.de/10005570363
transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …
Persistent link: https://www.econbiz.de/10011189076
transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …
Persistent link: https://www.econbiz.de/10011189158
This paper empirically investigates whether changes in product market competition affect firm boundaries. Exploiting … in competition, we establish a negative causal effect of competition (through reduced entry barriers and a larger number …
Persistent link: https://www.econbiz.de/10011189201
We build a theoretical model to study a market structure with a marketing cooperative and direct selling, in which many farmers are members of an agricultural marketing cooperative. They can sell their production either to the cooperative or on an oligopolistic local market. We show that the...
Persistent link: https://www.econbiz.de/10011190113
How do changes in market structure affect the US business cycle? We estimate a monetary DSGE model with endogenous firm/product entry and a translog expenditure function by Bayesian methods. The dynamics of net business formation allow us to identify the extent to which desired price markups and...
Persistent link: https://www.econbiz.de/10011190207
In light of the sizeable financial and time investments associated with obtaining a postsecondary degree, the choice of where to apply and enroll should be a deliberate and thoughtful process. In this paper we exploit changes in application fees and admissions essay requirements, to demonstrate...
Persistent link: https://www.econbiz.de/10011190256
In this paper we model the competition between two cities as a game to maximise the welfare considering the impact of … demand management strategies in the form of cordon tolls. This research builds on earlier work which studied the competition …–lose’ situation. The current paper extends the idea of competition between cities by setting up a system dynamic model of two cities …
Persistent link: https://www.econbiz.de/10011191090
competition and objective evaluation as the formal criteria of fairness. These are prevalent in the Korean society and at the same … heavily on social relations and groups which make the subjects or units of competition ambiguous and give rise to monopolist … society has to take into account: income and wealth gaps between strata; contents of competition; procedures as well as …
Persistent link: https://www.econbiz.de/10011191547
competition in the physician market intensifies. First, due to competitive pressure, physicians refer patients to specialty care …. We assess empirically the overall effect of competition with data from a 2008–2009 Norwegian survey, National Health … Insurance Administration, and Statistics Norway. From the data we construct three measures of competition: the number of open …
Persistent link: https://www.econbiz.de/10011193959