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The Swedish economy has developed rapidly since the mid-1990s relative to most comparable countries, in particular relative to almost all other EU-15 countries. We investigate two policy areas that are believed to have been important for the strong economic development in Sweden during the last...
Persistent link: https://www.econbiz.de/10010206764
Liberalization of the European automobile distribution system in 2002 limits the ability of manufacturers to impose vertical restraints, leading to a substantial restructuring of the industry and increasing the competitive pressure among dealers. We estimate an equilibrium model of profit...
Persistent link: https://www.econbiz.de/10014203391
policies, a number of challenges remain. Although there are few sectors of the economy from which competition policy and law … competition enforcement. Intellectual property rights create special challenges for competition policy and some problems have … setbacks, reflecting both the difficulties in ensuring competition in such industries and policy mistakes. …
Persistent link: https://www.econbiz.de/10012444089
12 countries between 1998 and 2012, this paper first estimates the effect of competition policy on innovation. We find …
Persistent link: https://www.econbiz.de/10012849695
Objective - The telecommunications industry in Southeast Asia continues to grow, as evidenced by the market penetration that continues to increase from 3.8% in 2000 to 71.1% in 2017. However, although the number of subscribers and revenue from telecommunication operators continued to grow...
Persistent link: https://www.econbiz.de/10012896105
Classical household theory predicts that adolescents facing a developed labour market should invest in formal education. In contrast, it is obvious that adolescents in subsistence economies should choose learning-by-doing approaches to working on the family farm. However, it is unclear what...
Persistent link: https://www.econbiz.de/10010409968
Tenure security and subsistence needs influence the choice between unexploited topsoil and investment in children's human capital as the mode of transfer of wealth. We develop an overlapping generations model of a representative rural household to inform this choice. Using a unique...
Persistent link: https://www.econbiz.de/10012972284
We examine the effect of the Jumpstart Our Business Startups (JOBS) Act on biotech startups, who conduct almost 40% of IPOs since 2012. Reduced compliance costs encourage innovation capital formation as biotech IPO volume increases 200% and proceeds rise by 30%. After the JOBS Act, biotech...
Persistent link: https://www.econbiz.de/10012829465
We document empirical support for a key micro-level channel --- innovation by young, private firms --- through which financial sector deregulation affects economic growth. We find that intrastate banking deregulation, which increased the local market power of banks, decreased the level and risk...
Persistent link: https://www.econbiz.de/10013035909
The paper investigates the effect of electricity liberalisation on the variety of clean energy patent' search space to asses whether a more competitive electricity market can foster the development of radical clean-energy technologies. This idea is tested using a cross-section of patents filed...
Persistent link: https://www.econbiz.de/10013488599