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We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the average number of all merger transactions increase...
Persistent link: https://www.econbiz.de/10009751721
a structural oligopoly model for differentiated products for the US automobile market on the basis of the aggregate …
Persistent link: https://www.econbiz.de/10003793977
of collusive/cooperative behaviour varies across markets. These issues are investigated within a structural oligopoly …
Persistent link: https://www.econbiz.de/10003793979
The participation of women in top-level corporate boards (or rather the lack of it) is subject to intense public debate. Several countries are considering legally binding quotas to increase the share of women on boards. Indeed, research on board diversity suggests positive effects of gender...
Persistent link: https://www.econbiz.de/10010491772
In this study we use import penetration as a proxy for foreign competition in order to empirically analyze (1) the impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S. and (3) whether the impact of import penetration is driven by...
Persistent link: https://www.econbiz.de/10011897992
Persistent link: https://www.econbiz.de/10001701728
Most previous results on determinants of inventive performance are biased because inventive performance is measured with error. This measurement error causes attenuation bias. More specifically, for example age and education as drivers of patenting success have biased coefficients and too high...
Persistent link: https://www.econbiz.de/10011433501
given by different sponsors (the federal government, the Länder and the European Union). Recent theory stresses the …
Persistent link: https://www.econbiz.de/10011440884
In diesem Beitrag wird neben einem kurzen Überblick über die Argumentationsweise und Probleme der Theorie optimaler … vor allem der Lohnflexibilität, aus. Aus dieser Erweiterung der Theorie der optimalen Währungsräume resultiert Skepsis …In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In …
Persistent link: https://www.econbiz.de/10011441036
The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the external sector, is a crucial component for those models in which production and consumption is not specified endogenously for all countries. This paper looks explicitly at the...
Persistent link: https://www.econbiz.de/10011441111