Showing 1 - 10 of 9,927
In this paper the experience of deregulation in the banking sector of seven EC countries (Belgium, France, Germany, Italy, the Netherlands, Spain and the UK) is analysed. Lessons are drawn for assessment of how the EC directives affecting this sector could further affect the industry. Our...
Persistent link: https://www.econbiz.de/10005791625
often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network … with partial incompatibility. Furthermore, we find that consumer usage of the available ATM network is too low because of …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …
Persistent link: https://www.econbiz.de/10005662325
Persistent link: https://www.econbiz.de/10015072308
Persistent link: https://www.econbiz.de/10012008506
Persistent link: https://www.econbiz.de/10015076449
This Paper investigates whether the efficiency effect of product market dispersion is a function of the infrastructural … translog production functions on a large 1992-99 panel of manufacturing firms, we find that the efficiency impact of market …
Persistent link: https://www.econbiz.de/10005504465
In industries with network effects, incumbents’ installed bases create barriers to entry that discourage entrepreneurs from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the option of selling to an incumbent increases innovation...
Persistent link: https://www.econbiz.de/10011083667
In industries with network effects, incumbents' installed bases create barriers to entry that discourage entrepreneurs from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the option of selling to an incumbent increases the...
Persistent link: https://www.econbiz.de/10011117298
This note combines a dynamic industrial organization model, in which an industry is subject to exogenous processes of market-size and collusion structure, with a consumption-based asset pricing model for the shares in the industry’s firms. Three main findings emerge for our model under the...
Persistent link: https://www.econbiz.de/10010576404
This paper analyses several of the cross-market effects of policies aimed at influencing outcomes in product and labour markets. Focusing on subsets of OECD countries, we look at the implications of product market competition for industry wages and overall employment, and the implications of...
Persistent link: https://www.econbiz.de/10005046127