Understanding disparities in contest success is central to explaining how competition shapes the distribution of rewards, influence, or market shares. We introduce the Proportional Play Equilibrium (PPE), a boundedly rational alternative to Nash Equilibrium (NE) grounded in the Illusion of...

This study aims to investigate the impact of the market structure and efficiency on firm performance in the meat and milk processing industry in Poland, Czechia, and Slovakia. Using stochastic frontier analysis and a profitability regression model applied to data from 2015 to 2021, the results...

Objective: The objective of the article is to examine the relationship between insurance market share and the financial results of insurance companies. We formulated the following research question: Is an insurance company's market position (market share) influenced by its financial results? If...

Background The goal of this study is to estimate the association between hospital system market share and negoti- ated prices. Hospital system consolidation has led to many highly concentrated markets where systems can leverage their mar- ket share to negotiate higher commercial prices....

This paper develops a flexible discrete-choice demand framework for aggregate data sets that extends Berry, Levinsohn, and Pakes (1995) and the Pure Characteristics Demand Model of Berry and Pakes (2007). I provide a simple, computationally tractable, asymptotically normal estimator based on two...

US Interstate bank deregulation during the 1980s and 1990s led to larger, nationally diversified banks, and a decline in the number of local community banks. Economic theory suggests that community banks may have a greater incentive, but a lower capacity, to lend to a region following a...

This study analyzes the impact of knowledge capital (KC), a key element of firms' innovation and competitiveness, on stock returns during economic crises when sustainable competitiveness becomes particularly important. We analyze the impact of the Global Financial Crisis and COVID-19 as economic...

In dieser Studie nehmen wir neben den klassischen Zielen der Frequenzregulierung, wie z. B. der Schaffung wettbewerblicher Marktstrukturen, auch die Aspekte der Nachhaltigkeit und Resilienz in den Blick. So hat z. B. die Ausgestaltung von Versorgungsauflagen für Mobilfunknetzbetreiber im...

PurposeTo examine whether and how the different levels of regional economic incentives would have an effect on underwriters' market share in general.Design/methodology/approachDrawing on Chinese IPO firms during the period 2006-2016, this study examines the impact of different levels of regional...

In dieser Studie nehmen wir neben den klassischen Zielen der Frequenzregulierung, wie z. B. der Schaffung wettbewerblicher Marktstrukturen, auch die Aspekte der Nachhaltigkeit und Resilienz in den Blick. So hat z. B. die Ausgestaltung von Versorgungsauflagen für Mobilfunknetzbetreiber im...

Competitive pressure has resulted in fierce competition among agro-dealer businesses, with market share margins being divided among industry parti-cipants. This paper empirically investigates the main competitiveness drivers in Kenyan agro-dealer businesses. The study employed an exploratory...

In this paper, we introduce a new approach to estimating differentiated product demand systems that allows for products with zero sales in the data. Zeroes in demand are a common problem in differentiated product markets, but fall outside the scope of existing demand estimation techniques. We...

We study the effect of the degree of exclusivity for the lowest bidder on the average price of generic pharmaceuticals in the short and long terms. Our results indicate that a 1-percentage-point gain in market share of the lowest bidder reduces average costs by 0.2% in the short term and 0.8% in...

Microsoft hat eine marktbeherrschende Stellung im Software-Markt, konkurriert aber mit einer Vielzahl von Wettbewerbern im benachbarten Markt für Cloud-Computing. Inwiefern führt die von Microsoft praktizierte Verknüpfung von Software-Produkten mit Cloud- Computing-Dienstleistungen zu...

How does the difference in financing influence the M&As’ effects on businesses in the banking industry? Case study method is applied to evaluate two deals, which are BB&T & SunTrust and KeyCorp & First Niagara Financial Group (one all-equity financed and one cash & equity financed). It is...

This study aims to empirically examine the impact of the price structure of two-sided markets on transaction volume and market share (MS) in the context of the Korean credit card industry. The Korean credit card market differs from those in the United States (U.S.) or Europe in terms of...

Purpose: The authors investigate the manufacturer's choice of discount schemes in a supply chain with competing retailers. Design/methodology/approach: Using a game-theoretic model, the authors build two discount frameworks and compare and analyze the effects of different discount schemes on the...

This paper uses barcode-level price data for 16 advanced and emerging market countries over the period 2005-2022 to investigate the role of individual firms and product categories in aggregate inflation. We decompose inflation into the component due to macroeconomic shocks and the granular...

Das Ziel dieser Studie ist es, die Bedeutung von Cloud-Diensten, die insbesondere von international tätigen Hyperscalern angeboten werden, für die digitale Souveränität der KMU zu bewerten. Dieser Bericht ist der erste Teil von drei und beleuchtet den CloudMarkt mit seinen relevanten...

Das Ziel dieser Studie ist es, die Bedeutung von Cloud-Diensten, die insbesondere von international tätigen Hyperscalern angeboten werden, für die digitale Souveränität der KMU zu bewerten. Dieser Bericht ist der erste Teil von drei und beleuchtet den CloudMarkt mit seinen relevanten...

Very often business acquisition is associated with the introduction of new products, new markets and increase in the market share of the investee probably as a result of the increase in the economies of scale. This is usually anticipated in view of the intense due diligence exercise which...

This paper examines the impact of the Eurosystem’s increased footprint in financial markets, resulting from the response to the Covid-19 crisis, on repo rates. We exploit transaction-level data on the repo market and the Eurosystem’s purchase programmes, and find that both marginal purchases...