This article further investigated wave behaviours for mergers and acquisitions - M&A in the UK during the 1969Q1/2004Q1 period by means of Markov-Switching models. Previous analysis had focussed on traditional models that incorporate the potentially limiting assumption of constant transition...

The article investigated structure-conduct-performance (SCP) relationships in the context of the Brazilian manufacturing industry in 1996. For that purpose, it considered a system with four equations pertaining concentration, advertising, R&D and profitability that was estimated with...

The paper assesses the efficiency consequences of different regulatory regimes for US local telephony. Specifically, alternative regulatory regimens (price-cap regulation and incentive regulation) are contrasted with traditional rate-of-return regulation (ROR). Relative efficiency scores are...

Lionel Robbins contributions are often discussed in terms of two main aspects. First, the delineation of the scope of economics in terms of decision making conditional on scarcity. Second, a more methodological concern with respect to scientific neutrality and the possibility of meaningful...

The paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991). Quantile regression methods were considered in the context of the Brazilian manufacturing industry in 2005 and separate estimates were obtained for exogenous and endogenous...

The paper investigates the robustness of different efficiency measures that can support the implementation of diverse forms of incentive regulation in the context of U.S. telecommunications. Comparisons, in terms of an output orientation, are considered for efficiency scores obtained from Data...

The paper econometrically investigates the determinants of advertising intensity in the manufacturing industry of São Paulo, Brazil in 1996 taking as reference an extensive survey carried out by Fundação SEADE. The preliminary investigation indicated a substantial degree of endogeneity in...

Many studies have questioned empirical utilization of accounting data as internal rates of return would be more consistent with the relevant economic concept. The paper investigates the dynamic relationships between different measures of accounting rates of return (ARRs) and different...