Showing 1 - 10 of 171
This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … allows to capture a crucial determinant of a firm's business strategy and its response to competition. The findings from the …
Persistent link: https://www.econbiz.de/10008568450
Persistent link: https://www.econbiz.de/10005169459
A new 45-industry, 23-year, dataset for Japan is used to investigate the duration of industry leadership. A new scaling relationship linking a firm’s current market share with the standard deviation of market share changes is reported. This relationship discriminates in a powerful way between...
Persistent link: https://www.econbiz.de/10010992180
This article offers a short introduction to the contributions of John Sutton to the analysis of market structure, with particular reference to the Bounds Approach. The article offers a presentation of a recent work of John Sutton, reproduced in this issue of Investigaciones Regionales, which...
Persistent link: https://www.econbiz.de/10010992234
competition on the markup of the price leader. One more firm in the market is associated with a reduction of the price leader …׳s markup which is equivalent to competition between existing firms for an additional 3weeks in the product life cycle. Our … results support search theoretic models and contradict models of monopolistic competition. Moreover our results support the …
Persistent link: https://www.econbiz.de/10011048610
Very tight generation capacity (‘underinvestment’) in competitive electricity markets is a major concern to policymakers. Employing a model with endogenous capacity, capacity mix, operations and with uncertain demand we show that ‘underinvestment’ is due to the rational (non-abusive)...
Persistent link: https://www.econbiz.de/10010582221
In this theoretical article, we examine the effect of competition on a firm's investment in 'R&D capability'. We extend … final technology. This myopic behavior may reduce both welfare and the speed of innovation. …
Persistent link: https://www.econbiz.de/10009205317
Persistent link: https://www.econbiz.de/10010864971
This paper examines the extent of banking competition in African subregional markets. A dynamic version of the Panzar …–Rosse model is adopted beside the static model to assess the overall extent of banking competition in each subregional banking …
Persistent link: https://www.econbiz.de/10010666222
In this paper we assess the impact of multimarket contact of banks on their market power by means of a simultaneous equation model, in which the divergence of price from marginal cost is a function of multimarket linkages. The model is estimated using aggregate data from the Italian regions for...
Persistent link: https://www.econbiz.de/10011048447