This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...

This paper studies market expectations of a devaluation of the Irish pound from 1987 to 1993 and relates them to the evolution of Ireland’s competitiveness over the same period. Changes in expectations of the currency’s devaluation can be explained largely by developments outside Ireland,...

The book analyzes the role of technology in the redefinition of the competitiveness of insurance markets. With a focus on the competitive challenges of InsurTech startup to the incumbent insurers, the book will discuss the strategic role of technology both in the development and in the...

Introduction -- Basic concepts from economics -- Markets for electrical energy -- Participating in markets for electrical energy -- Transmission networks and electricity markets -- Power system operation -- Investing in generation -- Investing in transmission -- Index

1. Introduction / Jacob A. Bikker and Michiel van Leuvensteijn -- 2. Potential obstacles for competition in the financial sector / Jacob A. Bikker and Michiel van Leuvensteijn -- 3. The efficiency of firms : what difference does competition make? / Donald A. Hay and Guy S. Liu -- 4. A new way to...

Utilizing China's Fair Competition Review System (FCRS) as a quasi-natural experiment, our study explores the relationship between administrative monopoly regulation and firms' cross-regional resource allocation. By analyzing data from China's listed firms from 2009 to 2022, we find that the...

The literature is unsettled on the simultaneous existence of Competition-Stability and Competition-Fragility phenomena in the banking system. Our study has extended the debate where we have incorporated accounting-based information along with 2-SLS system equation modeling to further explore...

"The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilising the economy and preventing future financial instability. At this juncture, we are at the last stage of future-proofing the...