Some studies find that real equity prices in economies damaged during World War II tended to rise sharply at the beginning of actual damage taking place during the war. This paper introduces an empirically plausible degree of persistence from the impact of World War II and demonstrates that...

This paper aims to further the study of horizontal mergers by reviewing the theory on spatial models that may be useful for their analysis. We examine the incentives conveyed by locations for undertaking merger and merger-related strategies, as well as the impact of the latter on strategic...

Using a general spatial model with two firms interacting repeatedly, we show that the condition for collusion sustainability is the same under uniform delivered pricing, discriminatory delivered pricing and discriminatory f.o.b. pricing.

We analyze a simple linear demand bilateral monopoly situation where one of the firms, either the up-stream manufacturer or the down-stream retailer, is socially concerned in terms of its desire to enhance its end-customers’ welfare in addition to the traditional profit motive. Two cases are...

The quality distortion caused by a linear pricing monopolist is separated into two components; one measures the imbalance of quality and quantity (the skewed component) and the other measures the restriction of production to increase marginal willingness to pay (the unskewed component)....

Men’s additional income from their guest-worker employment generates a pure income effect, which increases fertility. The timing of women’s higher-wage employment relative to child bearing is crucial for its effect on fertility. If women work abroad during the same time period when they can...

This paper analyses how information acquisition and transmission on the upstream cost affect the optimal access profit-sharing plan and the regulator’s choice of an information transmission regime in network industries characterized by a regulated upstream monopoly with cost uncertainty and an...

The short- and long-run effects of exchange rates, income, interest rates and government spending on U.S. bilateral trade with the other G-7 countries are investigated using an autoregressive distributed lag (ARDL) model. The primary contribution of this study is to consider separating the...

From a theoretical perspective it is well stated that firms involved in international markets should exhibit higher productivity levels. There is also empirical evidence that supports this result. This paper extends this relationship to a dynamic perspective. It provides evidence on how...

This paper studies the nexus between financial and non-financial foreign direct investment in Transition Economies, which are members of the EU. Three questions, which are pointed out in the theoretical literature, are discussed in the paper. We use a dataset for nine Transition Economies over...