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Hat die ökonomische Macht von Unternehmen in Österreich zugenommen?

Reiner, Christian; Bellak, Christian - 2022

This contribution asks whether the economic power of firms has increased in Austria in parallel with many other OECD … sense. Synthesizing the historical literature on market power in Austria provides evidence of an in some cases unjustified … necessity of a policy debate on corporate power in Austria. …

Persistent link: https://www.econbiz.de/10014230708

Did labour market concentration lower wages growth pre-COVID?

Hambur, Jonathan - 2023

Wages growth in Australia was lower than expected prior to COVID-19 based on historical determinants. One possible explanation for this is that employment had become more concentrated among a small number of large employers. This reduced outside options for workers and lowered their bargaining...

Persistent link: https://www.econbiz.de/10014233619

Stackelberg social equilibrium in water markets

Houba, Harold; Tomori, Françeska - In: Games 14 (2023) 4, pp. 1-9

Market power in water markets can be modeled as simultaneous quantity competition on a river structure and analyzed by applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic implies that the upstream supplier foregoes profitable...

Persistent link: https://www.econbiz.de/10014426327

Bank competition using networks : a study on an emerging economy

Rahman, Molla Ramizur; Misra, Arun Kumar - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-18

Interconnectedness among banks is a key distinguishing feature of the banking system. It helps mitigate liquidity problems but on the other hand, acts as a curse in propagating systemic risk at times of distress. Thus, as banks cannot function in isolation, this study uses the Contemporary...

Persistent link: https://www.econbiz.de/10012628062

An economic perspective on data and platform market power

Martens, Bertin - 2021

This paper starts with some basic economic characteristics of data that distinguish them from ordinary goods and services, including non-excludability and non-rivalry, economies of scope in data re-use and aggregation, the social value of data and their role in generating network effects. It...

Persistent link: https://www.econbiz.de/10012695163

Fairtrade and market efficiency : fairtrade-labeled coffee in the Swedish coffee market

Durevall, Dick - In: Economies : open access journal 8 (2020) 2/30, pp. 1-17

Fairtrade labeling has the potential to increase market efficiency by connecting farmers to altruistic consumers who are willing to pay a premium for sustainability-certified products. A requirement for increased efficiency, though, is that the farmers' benefits are larger than the Fairtrade...

Persistent link: https://www.econbiz.de/10012238398

The decline of the labor share : new empirical evidence

Bergholt, Drago; Furlanetto, Francesco; Faccioli, … - 2019

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

Market power in output and emissions trading

André, Francisco J.; Castro Lejarriaga, Luis Miguel de - In: Games 11 (2020) 4/43, pp. 1-22

This article focuses on the strategic behavior of firms in the output and the emissions markets in the presence of market power. We consider the existence of a dominant firm in the permit market and different structures in the output market, including Cournot and two versions of the Stackelberg...

Persistent link: https://www.econbiz.de/10012432285

Self-organising (Kohonen) maps for the Vietnam banking industry

Man Ha; Gan, Christopher; Nguyen, Cuong; Anthony, Patricia - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-18

This is the first study to use the self-organisation (Kohonen) map technique, an artificial neural network based on a non-supervised learning algorithm, to categorise Vietnamese banks into super-class groups. Drawing on unbalanced yearly data from 2008 to 2017, this study identifies two...

Persistent link: https://www.econbiz.de/10012792367

Risk-based pricing in competitive lending markets

Müller, Carola; Juelsrud, Ragnar Enger; Andersen, Henrik - 2021

We use unique data on banks' private risk assessments of corporate borrowers to quantify how competition among banks affect the risk sensitivity of interest rates in the Norwegian credit market. We show that an increase in competition makes corporate lending rates less sensitive to banks' own...

Persistent link: https://www.econbiz.de/10012795608