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. However, these strategies might also offset competition and have ambiguous welfare effects. Overall, though, the economic …-à-vis global digital platforms suggests that EU authorities should adjust their doctrine and practice of competition policy to make … a more balanced and efficient worldwide competition between all digital providers. In addition, EU competition …
Persistent link: https://www.econbiz.de/10012933867
competition in an abstract, sterile way. To illustrate the dangers of using such an abstract approach to the key issue of ILEC … services as a case study, wherein the Commission abandoned its own general framework for competition analysis in favor of using … abstract notions of potential competition. As demonstrated herein, the Commission's deregulatory scheme for Special Access has …
Persistent link: https://www.econbiz.de/10014073823
Output and input market distortions manifest as wedges in the firm's first order conditions. The production approach to markup estimation recovers the markup wedge using the output elasticity for a variable and undistorted input. We show that using the revenue elasticity for any variable input,...
Persistent link: https://www.econbiz.de/10013210935
Economists have shown that large and persistent differences in productivity levels across businesses are ubiquitous. This finding has shaped research agendas in a number of fields, including (but not limited to) macroeconomics, industrial organization, labor, and trade. This paper surveys and...
Persistent link: https://www.econbiz.de/10008627119
The economic geography literature assumes that large leading firms (technology gatekeepers)(TGs) with high absorptive capacity and high-intensity R&D expenditures, shape the district learning process. However, there is an absence in the literature of a dynamic analysis of the role of the TG....
Persistent link: https://www.econbiz.de/10010548639
to broaden the current narratives. Competition authorities have recently engaged in significant preparatory work, often … in partnership with academics, in order to reflect on the challenges set by the digital economy to modern competition law … competition in the digital economy, inspired by the principles of "polycentric competition law" and engages in an in …
Persistent link: https://www.econbiz.de/10013213845
Die deutsche Wirtschaft steht vor großen Herausforderungen. Neben Digitalisierung und Klimawandel wird im Zuge der … Entwicklungen wirken sich nicht zuletzt auf bestehende Marktstrukturen und den Wettbewerb aus. Eine gesamtwirtschaftlich abnehmende …The German economy is facing major challenges. In addition to digitization and climate change, a possible …
Persistent link: https://www.econbiz.de/10013455826
infrastructure, a strong legal and business environment, and healthy competition. Nonetheless, some digital leaders may fall behind …
Persistent link: https://www.econbiz.de/10013226448
This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency occurs through more production being allocated to higher cost units of production, and less production to lower-cost production units, conditional on a fixed aggregate quantity....
Persistent link: https://www.econbiz.de/10012116720
We estimate a structural vector autoregressive model in order to quantify four main explanations for the decline of the US labor income share: (i) rising market power of firms, (ii) falling market power of workers, (iii) higher investmentspecific technology growth, and (iv) the widespread...
Persistent link: https://www.econbiz.de/10012214393