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paper examines the role of market competition for this trend in corporate reorganization. We find that at intermediate … levels of competition the CEO of the corporation decides to have less power inside the firm and to delegate control to lower … when competition is not too tough and not too weak. The model predicts merger waves or waves of outsourcing when countries …
Persistent link: https://www.econbiz.de/10010373499
We analyze trading dynamics as successive high-frequency trading (HFT) firms begin to trade stocks in an equity market. Entrants compete with incumbents for volume, and there is crowding out. Earlier entry is associated with larger effects. After Passive HFT entry, incumbent spreads tighten....
Persistent link: https://www.econbiz.de/10010350498
What determines structure and profitability across markets for goods and services? Understanding the relationship between market structure and performance is critical for determining effective economic policy governing anti-trust, intellectual property, industry regulation, and international...
Persistent link: https://www.econbiz.de/10010250677
The main purpose of this survey paper is to consider the attempts that have been made to apply economic theory and empirical methods to the analysis of electricity markets, and to evaluate them in light of theoretical considerations and empirical evidence. We describe the key features of the...
Persistent link: https://www.econbiz.de/10011519038
patterns for a particular market (diapers) to investigate the inter-format competition (supermarkets vs. discounters vs … sold at drugstores and discounters. This result is important given controversies among competition authorities, firms and …
Persistent link: https://www.econbiz.de/10010434293
Ein Jahr nach Inkrafttreten der deutschen Energierechtsnovelle sind die Konturen der zukünftigen Strommarktregulierung noch zu weiten Teilen ungeklärt. Vor diesem aktuellen wirtschaftspolitischem Hintergrund wird in diesem Papier die Frage nach einer sachgerechten Ausrichtung der...
Persistent link: https://www.econbiz.de/10011475164
competition. For reasonable parameter values product market deregulation fosters growth substantially more in the flexible than in …
Persistent link: https://www.econbiz.de/10011412718
The Internet has become an integral part of the everyday life of households, firms and governments. Its proper functioning over the long run is therefore crucial for economic growth and people’s wellbeing more generally. The success of the Internet depends on its openness and the confidence of...
Persistent link: https://www.econbiz.de/10010464865
Persistent link: https://www.econbiz.de/10010391562
The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique … as surviving firms, prove to be the major source of TFP gains. Market competition from new entrants, foreign-owned firms …, and international trade also raise firm efficiency in the industry. Results strongly confirm that market competition …
Persistent link: https://www.econbiz.de/10010261614