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By regulating how firms collect, store, and use data, privacy laws may change the role of data in production and alter firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU's General Data Protection Regulation (GDPR) by using seven...
Persistent link: https://www.econbiz.de/10014472060
This paper presents an ex-post empirical analysis of the impact of European electricity market reforms on markups of firms. The working hypothesis is that further economic integration would bring competition into electricity markets reflected by lower markups of electricity firms. The results...
Persistent link: https://www.econbiz.de/10013142662
productivity e ects of changing industry structure, ownership structure and regulation with respect to barriers to entry and access … sluggish productivity improvements of European electricity rms due to reforms implemented in the last decade. In particular …, productivity gains are associated with high-productivity rms close to the technology frontier, while no signicant impact is found …
Persistent link: https://www.econbiz.de/10008498156
generate substantial productivity improvements across EU member economies. Over a period of 10 years, the predicted increase in … labour productivity resulting from a bold reform package is around 10% for the average EU country, and new member States …
Persistent link: https://www.econbiz.de/10005046039
This paper relates diverging productivity performances across OECD countries over the past fifteen years to differences … of the key channels through which inappropriate service regulations affect productivity growth is by hindering the … that anti-competitive service regulations hamper productivity growth in ICT-using sectors, with a particularly pronounced …
Persistent link: https://www.econbiz.de/10005046057
The rise of the fourth industrial revolution (IR) is deeply embedded in a wider context of privatization of knowledge, rising costs of innovation and uneven distribution of capacity between countries. But debates on a ‘balanced' policy framework to tackle these issues have until now floundered...
Persistent link: https://www.econbiz.de/10012897192
This paper presents the results of the Mercatus Center's Small Bank Survey, which include responses from approximately 200 banks across 41 states with less than $10 billion in assets each, serving mostly rural and small metropolitan markets. The initial analysis suggests that Dodd-Frank...
Persistent link: https://www.econbiz.de/10012937977
The digital economy has been growing by leaps and bounds in recent years, mostly as a result of new digital technologies that are promoting a global transformation to industry 4.0. The resulting expansion of digital trade has sparked off a political and policy controversy on digital economy and...
Persistent link: https://www.econbiz.de/10012929457
Are dominant online search engines monopolies enjoying low contest-ability, due to high barriers to entry, or innovative first-movers? This paper argues that dominant online search engines maintain their leadership through an “innovation feedback loop”: a process whereby increasing R&D...
Persistent link: https://www.econbiz.de/10012828760
Not often is a general-purpose technology created that can disrupt numerous markets and significantly affect social welfare. 3D printing fits this description. It promises to improve the quality of some goods and to greatly increase the efficiency of their production processes. More importantly,...
Persistent link: https://www.econbiz.de/10014107308