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Efficiency Gains and Structural Remedies in Merger Control

Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2007

This paper studies the role of structural remedies in merger control in a Cournot setting where (endogenous) mergers are motivated by prospective efficiency gains and must be submitted to an Antitrust Authority (AA) which might require partial divestiture for approval. Both positive and negative...

Persistent link: https://www.econbiz.de/10005498161

The Competitiveness of Hungarian Industry

Hare, Paul G; Hughes, Gordon; Michael, Thomas; Revesz, Tamas - C.E.P.R. Discussion Papers - 1992

Using an RAS update to 1990 of an 86-sector input-output table for Hungary in 1986, and corresponding data on world-to-domestic price ratios for 1990, this paper calculates domestic resource costs (DRCs) for Hungarian industries. The disaggregated results are compared with corresponding...

Persistent link: https://www.econbiz.de/10005662220

Knowledge Spillovers, ICT and Productivity Growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia - C.E.P.R. Discussion Papers - 2014

member states from 1998 to 2007. We find that (a) the marginal impact of ICT capital is higher when it is complemented with …

Persistent link: https://www.econbiz.de/10011084334

Information Technology, Efficient Restructuring and the Productivity Puzzle

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2007

(ICT). But why have the same technologies not similarly increased Europe's labour productivity? This paper provides a … improvement in the ICT can yield significant increases in labour productivity if - and only if - the organization is drastically …

Persistent link: https://www.econbiz.de/10005124167

European Economic Growth, 1950-2005: An Overview

Crafts, Nicholas; Toniolo, Gianni - C.E.P.R. Discussion Papers - 2008

This paper surveys the extensive literature on European economic growth since 1950. It presents an overview of comparative growth performance together with benchmarked growth accounting estimates. The growth experience is considered in terms of three periods, the Golden Age of 1950-73, the...

Persistent link: https://www.econbiz.de/10005124329

Together but Apart: ICT and Productivity Growth in Israel

Lach, Saul; Shiff, Gil; Trajtenberg, Manuel - C.E.P.R. Discussion Papers - 2008

the US productivity revival and in the evolving US-EU productivity gap. In Israel, the ICT sector grew very rapidly during … the success of the ICT sector. The main goal of this paper is to shed light on these twin developments. We use newly … constructed data on industry-level ICT investments between 1990 and 2003 and estimate production functions for manufacturing …

Persistent link: https://www.econbiz.de/10005124405

Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change

Hau, Harald; Massa, Massimo; Peress, Joël - C.E.P.R. Discussion Papers - 2005

Do exchange rates react to exogenous capital movements? We explore this issue based on the redefinition of the MSCI international equity indices announced on 10 December 2000 and implemented in two steps on 30 November 2001 and 31 May 2002. The index changes implied major changes in the...

Persistent link: https://www.econbiz.de/10005497725

Exclusive Contracts and Market Power: Evidence from Ocean Shipping

Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2001

There is a substantial theoretical literature on the potential effects of loyalty contracts, but a relative paucity of empirical work. This Paper employs the event study methodology to examine the effect of exclusionary contracts on firm performance in the ocean shipping industry. Shipping...

Persistent link: https://www.econbiz.de/10005497855

The Confidence Effects of Fiscal Consolidations

Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - C.E.P.R. Discussion Papers - 2014

We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis. Panel regressions based on the...

Persistent link: https://www.econbiz.de/10011083434

Financial Sector Reform After the Crisis: Has Anything Happened?

Schäfer, Alexander; Schnabel, Isabel; Weder di Mauro, … - C.E.P.R. Discussion Papers - 2013

We analyze the reactions of stock returns and CDS spreads of banks from Europe and the United States to four major regulatory reforms in the aftermath of the subprime crisis, employing an event study analysis. In contrast to the public perception that nothing has happened, we find that financial...

Persistent link: https://www.econbiz.de/10011083591