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Hayek's well-known evolutionary concept of "competition as a discovery procedure" can be characterized as a parallel … a critical assessment of mergers in competition policy. …
Persistent link: https://www.econbiz.de/10005518573
The restructuring of the Spanish oil industry produced a highly concentrated oligopoly in the retail gasoline market. In June 1990 the Spanish government introduced a system of ceiling price regulation in order to ensure that "liberalization" was accompanied by adequate consumer protection. This...
Persistent link: https://www.econbiz.de/10005518750
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. Restrictions on competition should only be allowed when it can be demonstrated that they are needed to achieve overriding societal …
Persistent link: https://www.econbiz.de/10005518941
important drivers of productivity growth; and that competition policy can actually spur innovation and hence growth through a … variety of channels, including a desire on the part of firms to escape competition by remaining at the technological frontier. …
Persistent link: https://www.econbiz.de/10005518972
debate. Privatization and market competition are the two primary forces to induce changes in the firm behavior. The author … outside shareholders are most efficient. Another finding is that market competition has little role in determining firm …
Persistent link: https://www.econbiz.de/10005519029
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The paper focuses on the delineation of geographic markets in competition analysis, investigating the use of both … tests (that is, tests for the existence of unit roots) – illustrating their application to a recent competition …
Persistent link: https://www.econbiz.de/10005523209
indicate that both banking sector reform and competition exert a positive impact on bank efficiency, while the effect of reform … terms of efficiency, total factor productivity growth and net interest margin – accounting for the effects through … competition and bank risk-taking. To this end, we develop an empirical model of bank performance and draw on recent econometric …
Persistent link: https://www.econbiz.de/10005523531
Legitimation and competition are two major forces moulding organizational field and the diffusion of innovations. While … discursive legitimation provides "rational justifications" for innovations, competition may incite organizations to acquire … legitimation strategies may be associated with competition. We argue that while convergent discursive legitimation strategies tend …
Persistent link: https://www.econbiz.de/10005523539