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Market Size and Vertical Structure in the Railway Industry

Matsushima, Noriaki; Mizutani, Fumitoshi - 2011

We provide a theoretical framework to discuss the relation between market size and vertical structure in the railway industry. The framework is based on a simple downstream monopoly model with two input suppliers, labor forces and the rail infrastructure firm. The operation of the downstream...

Persistent link: https://www.econbiz.de/10014042439

Divisionalization and Delegation in Oligopoly.

Gonzalez-Maestre, M. - Departament d'Economia i Història Econòmica, … - 1997

In this paper, we consider an oligopolistic market where every firm decides, simultaneously, its number of independant divisions and, subsequently, every division decides, simultaneously, the incentive scheme for its manager. In the last stage, we assume Cournot competition among all the managers.

Persistent link: https://www.econbiz.de/10005823936

Testing for Collusion in the Hong Kong Banking Sector

Wong, Jim; Wong, Eric; Fong, Tom; Choi, Ka-fai - Hong Kong Monetary Authority - 2007

This working paper examines the degree of collusion in the banking sector of Hong Kong based on the conjectural variation approach. The results suggest that banks in Hong Kong operated in a competitive fashion in the loan market during the period 1991-2002 with no significant sign of collusion...

Persistent link: https://www.econbiz.de/10005813738

Analysing Sectoral Competitiveness: A Framework of Strategic Management

d’Artis Kancs; Kielyte, Julda - Economics and Econometrics Research Institute (EERI) - 2001

In the recent years several key industries in the CEE transition economies, such as food and beverage, once epitomised industrial supremacy have lost significant market shares to their foreign competitors, both at home and abroad. Recognising the fact that once pre-eminent world-wide economic...

Persistent link: https://www.econbiz.de/10005622662

PATENTS, LICENSING, AND MARKET STRUCTURE IN THE CHEMICAL INDUSTRY

Arora, Ashish - EconWPA - 1996

The strategies of rent appropriation and market structure are inter- dependent. How firms use patents depends upon industry structure, and in turn, affects industry structure. In the early part of the history of the chemical industry, market leaders combined patents and secrecy to deter entry....

Persistent link: https://www.econbiz.de/10005561470

On welfare losses due to imperfect competition

Ritz, R.A. - Faculty of Economics, University of Cambridge - 2012

Corporate managers and executive compensation in many industries place significant emphasis on measures of firm size, such as sales revenue or market share. Such objectives have an important - yet thus far unquantifed - impact on market performance. With n symmetric firms, equilibrium welfare...

Persistent link: https://www.econbiz.de/10010699810

Profitable horizontal mergers without cost advantages: The role of internal organization, information, and market structure

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2001

Merged firms are typically rather complex organizations. Accordingly, me rger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare – improving even if costs are linear. The...

Persistent link: https://www.econbiz.de/10009370662

Productivity and structural heterogeneity in the Brazilian manufacturing sector : trends and determinants

Catela, Eva Yamila da Silva; Cimoli, Mario; Porcile, Gabriel - 2012

manufacturing production, innovation and microsocial data for Brazil, in order to measure productivity and SH, to analyze its … productivity groups, and ordered probit models to analyse the determinants of SH) show that increasing returns in innovation and …

Persistent link: https://www.econbiz.de/10009673294

Drivers and Effects of Internationalising Innovation by SMEs

Rammer, Christian; Schmiele, Anja - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This paper investigates the drivers and effects of the internationalisation of innovation activities in SMEs based on a … large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process (R …, home market competition and innovationrelated location advantages for an SME's decision to engage in innovation activities …

Persistent link: https://www.econbiz.de/10005097716

Drivers and Effects of Internationalising Innovation by SMEs

Schmiele, Anja; Rammer, Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This paper investigates the drivers and the effects of the internationalisation of innovation activities in SMEs based … on a large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process … resources, home market competition and innovationrelated location advantages for an SME's decision to engage in innovation …

Persistent link: https://www.econbiz.de/10005098387