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How efficient is a contestable natural monopoly?
Weichenrieder, Alfons J. - 1999
This paper considers the efficiency of a contestable natural monopoly if consumers are heterogeneous and the monopolist can differentiate prices imperfectly. With restricted entry, the standard result in this case is that the monopoly offers a menu of price-quantity combinations which leads to...
Persistent link: https://www.econbiz.de/10009781681
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How Efficient is a Contestable Natural Monopoly?
Weichenrieder, Alfons - CESifo - 1999
This paper considers the efficiency of a contestable natural monopoly if consumers are heterogeneous and the monopolist can differentiate prices imperfectly. With restricted entry, the standard result in this case is that the monopoly offers a menu of price-quantity combinations which leads to...
Persistent link: https://www.econbiz.de/10005405906
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Getting Back on Track: Restoring Fiscal Sustainability in Ireland
Haugh, David - Economics Department, Organisation de Coopération et … - 2011
Ireland’s banking crisis, one of the most severe in the OECD area, and the associated economic recession have taken a heavy toll on public finances. Large public deficits have accumulated since 2008 and net public debt, which had been eliminated, has soared once again. The rapid deterioration...
Persistent link: https://www.econbiz.de/10009364451
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Whither the Crown Research Institutes? Funding Issues
Johnson, Robin - New Zealand Agricultural and Resource Economics Society … - 2006
In the course of another exercise (Johnson, Scrimgeour & Manning 2006) I compiled, with the help of CCMAU, a financial record of the crown research institutes from 1992 to 2005. In this paper I thought I would share with this audience some of the facts that emerged from the exercise and make...
Persistent link: https://www.econbiz.de/10009324369
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Bank Structure, Relationship Lending and Small Firm Access to Finance: A Cross-Country Investigation
Mudd, Shannon - In: Journal of Financial Services Research 44 (2013) 2, pp. 149-174
the ways in which banks compete. Using cross-country data from surveys of firms and banks and a measure of contestability … very low levels of contestability an increase in contestability increases small firm use of bank finance, for most … observations of contestability in the sample, an increase in contestability produces the opposite result. This also holds for …
Persistent link: https://www.econbiz.de/10010863602
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Multiple Shareholders and Control Contests
Bloch, Francis; Hege, Ulrich - Volkswirtschaftliche Fakultät, … - 2003
We consider the allocation of corporate control in a company with two large and a continuum of small shareholders. Control is determined in a shareholders' meeting, where the large shareholders submit competing proposals in order to attract the vote of small shareholders. The presence of...
Persistent link: https://www.econbiz.de/10011111771
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Sunk Costs, Market Contestability, and the Size Distribution of Firms
Kessides, Ioannis; Tang, Li - In: Review of Industrial Organization 37 (2010) 3, pp. 215-236
Persistent link: https://www.econbiz.de/10008776308
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Against the stand-alone-cost test in U.S. freight rail regulation
Pittman, Russell - In: Journal of Regulatory Economics 38 (2010) 3, pp. 313-326
Persistent link: https://www.econbiz.de/10008776433
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Are Founding Families Special Blockholders ? An Investigation of Controlling Shareholder Influence on Firm Performance
Isakov, Dusan; Weisskopf, Jean-Philippe - Faculté des sciences économiques et sociales - … - 2012
contestability of family control play an important role. …
Persistent link: https://www.econbiz.de/10010564006
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Subadditivity and Contestability in the Postal Sector: Theory and Evidence
Masri, Toufic M. El - 2011
topic. Despite the importance of contestability in this context, previous literature concentrates only on the subadditivity … market is contestable. In this respect, further research is needed in order to account for contestability. …
Persistent link: https://www.econbiz.de/10008828508