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market definition such as “acute in-patient care” averages out severe discrepancies that become visible when concentration is … only impact on the level of concentration, while the correlation remains high. Our results underline the need for more …
Persistent link: https://www.econbiz.de/10010238835
A rapidly growing literature has shown that market concentration among domestic firms has increased in the United … measures of concentration, once adjusted for sales by foreign exporters, actually stayed constant between 1992 and 2012. We … reconcile these findings by linking part of the increase in domestic concentration to import competition. Although concentration …
Persistent link: https://www.econbiz.de/10012520308
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the … typical industry, while it is stable by industry and country of origin. The fall in concentration is driven by the extensive … concentration among national producers. …
Persistent link: https://www.econbiz.de/10011979247
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the … typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive … firms within country are diverging. Finally, higher concentration from an origin country is associated with a fall in prices …
Persistent link: https://www.econbiz.de/10012495680
The German energy transition massively alters the market structure of electricity supply and forces incumbent electric utilities to rethink their business strategies. We analyze three main developments that undermine the former market dominance of the “Big 4” incumbents in Germany. First,...
Persistent link: https://www.econbiz.de/10011450933
The geographical definition of markets is a crucial challenge for economists. With the availability of multiple tools to compare prices, the idea of market definition is entering a new era as it infiltrates the digital sphere. Since December 1st, 2013 the market transparency unit of the Federal...
Persistent link: https://www.econbiz.de/10012242950
concentration. In contrast, competition enforces innovation, i.e. sales concentration has a negative impact on R&D. …
Persistent link: https://www.econbiz.de/10011446652
As the U.S. banking industry continuously evolves, changes in industry composition have a direct impact on the aggregate performance of the industry. This paper presents a new decomposition framework for commercial banks and shows both firm-level changes and dynamic reallocation effects - due to...
Persistent link: https://www.econbiz.de/10001682506
In Germany a public discussion on the power of banks has been going on for decades now with the term power having at least two meanings. On the one hand, it denotes the power of banks to control public corporations through direct shareholdings or the exercise of proxy votes this is the power of...
Persistent link: https://www.econbiz.de/10009765356
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...
Persistent link: https://www.econbiz.de/10010195032