This paper attempts to provide some new evidence of the so called 'supplier-induced demand effect' in the hospital sector. By means of an endogenous regime switching model, the maximum likelihood estimates for Belgium are consistent with the idea that hospitals in excess-capacity actually...

This model estimates an asymetric Nash efficient wage bargaining model for some Belgian manufacturing sectors at the firm level, under the premises that bargaining units are separate for 'R&D' people and other 'common' workers in order to account for 'wage rivalry' effects. The importance of R&D...

This paper is devoted to the set up of a conjectural elasticity model with efficient bargaining wages between oligopolistic firms and rent-maximising unions. Based on a production function approach with first-order conditions for factors employment, the model is able to distinguish between...

Why are so many on-line banking ventures--start-ups and incumbents alike--foundering? An industry which can theoretically conduct such a high proportion of its transactions electronically would seem well suited to a rapid move on-line. Yet, the rate at which customers around the world are...

Relying on a unique and arguably representative sample of transaction e-commerce companies, this paper takes a closer look at whether and how companies could be profitable on-line. This analysis clearly demonstrates that a non-trivial set of winners are emerging, which combine both strong...

A mark-up model for export and domestic pricing is developed using the dual approach of cost functions and taking explicitly into account the possibility of (short-run) capacity constraints. The model is applied on a panel of Belgian firms to infer product market power on both domestic and...