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-ity of the Boone-Indicator using cartel cases. Our analysis reveals that the traditional regres-sion approach of the …
Persistent link: https://www.econbiz.de/10009129974
model of trade and the Poisson Pseudo Maximum Likelihood (PPML) estimator. Using a rich cartel data set that contains … OECD countries for the period from 1988 until 2012, I estimate the effect of each cartel on trade individually and find … being positive. In a preliminary second-stage analysis, I also examine the potential determinants of these deferring cartel …
Persistent link: https://www.econbiz.de/10014143050
-ups. Multivariate estimation indicates that the single cause "price change by competitors" is less important and nearly irrelevant for …
Persistent link: https://www.econbiz.de/10011487769
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Product differentiation is well established as being the key source of the cereal industry's high price-cost margins. However, there is little consensus as to whether pricing collusion is also a source of profitability, and indeed, whether price even serves as a strategic variable in this...
Persistent link: https://www.econbiz.de/10014215451
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We construct a model to show that predatory strategies by a financially strong rival can cause a financially weak firm to underinvest. This threat intensifies when the two firms produce similar products and share similar future investment opportunities. We show that cash holdings become more...
Persistent link: https://www.econbiz.de/10012857111
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10010256736
We test the assumptions of trade-off theory (TOT) and pecking order theory (POT) regarding corporate leverage. The dependent variable being the debt ratio, we apply a linear model upon a balanced panel data-set of 2,370 French SMEs over the period 2002 - 2010. In accordance to TOT, trade credit...
Persistent link: https://www.econbiz.de/10010492381