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In this paper, we introduce a new approach to estimating differentiated product demand systems that allows for products … with zero sales in the data. Zeroes in demand are a common problem in differentiated product markets, but fall outside the … scope of existing demand estimation techniques. We show that with a lower bound imposed on the expected sales quantities, we …
Persistent link: https://www.econbiz.de/10014308562
Based on the standard Footloose Capital model developed by Martin and Rogers (1995), I consider an integrated model that consists of a system of two regions and a third external region, in order to study the impact of improved market access on the Home Market Effect within the system of the two...
Persistent link: https://www.econbiz.de/10012213349
Over the last two decades, the regulators of the financial services sector in Saudi Arabia have aimed to develop a level of fair competition in the provision of banking services across the country. This paper utilizes non-structural approaches, the H-statistic developed by, and the Granger...
Persistent link: https://www.econbiz.de/10014496447
Persistent link: https://www.econbiz.de/10014250719
In this paper we aim, first, to examine how an economy's financial development affects the welfare gains from trade and, second, to uncover how large firms threaten to suppress these gains, through the exertion of market power and their confirmed preferential access to liquidity. To this...
Persistent link: https://www.econbiz.de/10013499545
complexity of market structures in terms of the demand for labour and the consequences on wage rates and the number of employed …
Persistent link: https://www.econbiz.de/10015334444
The article is a contribution to the evolving field of competition research. More precisely our paper provides a comprehensive typology of the different ways competitization is and has been studied across different disciplines and research programs. The article goes beyond a classical literature...
Persistent link: https://www.econbiz.de/10013549807
Die Arbeit untersucht, wie sich unternehmensexterne Wettbewerbsbedingungen und Principal-Agent-Probleme zwischen Eigentümern und Managern auf die Anreize zur Kostensenkung, die interne Effizienz in den Unternehmen und die Konsumentenrente auswirken. Es wird gezeigt, dass...
Persistent link: https://www.econbiz.de/10011922995
After roughly 15 years of merger control application in the Federal Republic of Germany a reassessment of the significance of this instrument of antitrust policy seems necessary. This is particularly so in view of the reorientation of merger control policy in the United States which has been -...
Persistent link: https://www.econbiz.de/10011924638
, Rechnung trägt. Theoretische Grundlage hierfür ist die Integration verschiedener Ansätze der Wachstums- und Wettbewerbstheorie …
Persistent link: https://www.econbiz.de/10011927379