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With airport privatization and infrastructure expansion projects taking place in the liberalized European air transport market, airport and airline companies are critically reevaluating their vertical governance structures. This paper analyzes the comparative efficiency of vertical governance...
Persistent link: https://www.econbiz.de/10005162797
The paper presents time-series analyses of corporate profitability in seven leading developing countries (DCs) using the common methodology of the persistence of profitability (PP) studies and systematically compares the results with those for advanced countries (ACs). Surprisingly, both short-...
Persistent link: https://www.econbiz.de/10005162843
This paper examines from the developing countries perspective important analytical and policy issues arising from: a) the current international discussions about corporate governance in relation to the New International Financial Architecture; b) changes in the international competitive...
Persistent link: https://www.econbiz.de/10005162858
The most fundamental proposition about growth and competition is that there is a tradeoff between static welfare and …
Persistent link: https://www.econbiz.de/10005163015
If duopolistic firms can choose their strategy variable, uncertainty about demand conditions and the degree of substitutability have countervailing effects on variable choice. High uncertainty favors prices, while close substitutability favors quantities. For intermediate values, a hybrid...
Persistent link: https://www.econbiz.de/10005163019
accumulation the leader's R&D effort increases with the gap as she is trying to avoid competition in the future. When firms gain … causes an equilibrium where the incentives to innovate are highest when competition is most intense. …
Persistent link: https://www.econbiz.de/10005163026
degree of competition within the sector and on the ownership of the firm. Ownership structure in Bulgaria however, has no … that competition, privatisation and firm size matter in explaining soft budget constraints, as suggested in the theoretical …
Persistent link: https://www.econbiz.de/10005163404
of competition in linear prices, we show that there is a unique linear rule that implements the Ramsey outcome as the … unique equilibrium, independently of the underlying demand conditions. In the case of competition in two-part tariffs, we … (or the competition authority) can choose one among the rules to pursue additional objectives such as consumer surplus …
Persistent link: https://www.econbiz.de/10005168477
The paper examines empirical evidence on the dynamic view of competition in Indian manufacturing industries using … average strength of competition in the manufacturing sector shows that it takes 0.9 years for the deviation of profit rates …
Persistent link: https://www.econbiz.de/10005168527
This paper studies competitive equilibria in economies characterized by the presence of asymmetric information, where non-exclusive contracts with payoffs dependent on the agents' private information are traded on competitive markets. For such economies competitive equilibria may not exist with...
Persistent link: https://www.econbiz.de/10005168655