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Entry Regulation and Competition. Evidence from retail and labor markets of pharmacists.

Unsorg, Maximiliane; Rostam-Afschar, Davud - 2021

We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...

Persistent link: https://www.econbiz.de/10012623172

Face Masks, Yeast, and Toilet Paper: Panic Purchases and Stockpiling

Hakenes, Hendrik - 2021

During the COVID-19 pandemic, some goods suddenly became scarce due to panic purchases and stockpiling. The decision to hoard is influenced by higher-order beliefs. If an agent believes that other agents think that a good will become scarce, she concludes that these other agents will hoard, and...

Persistent link: https://www.econbiz.de/10012623106

Killer Aquisitions and Beyond: Policy Effects on Innovation Strategies

Schmutzler, Armin; Letina, Igor; Seibel, Regina - 2021

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that … prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …

Persistent link: https://www.econbiz.de/10012623166