Search Results - subject_exact:"Thick market"

Market structure, efficiency, and the quest for banking performance : new insights from an evolving banking market

Khan, Naveed; Afridi, Muhammad Asim; Ṭāhir, Muḥammad; … - 2026

This study investigates the impact of market structure on the performance of banks in Pakistan. It explicitly tests two competing hypotheses: the Structure-Conduct-Performance paradigm and the Efficient Structure Hypothesis, providing insights into whether profitability stems from market...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591155

Monopolistic competition under horizontal and vertical differentiation

Kichko, Sergei; Marini, Marco; Saulle, Riccardo D.; … - 2026

This paper extends the CES model of monopolistic competition to the case where varieties are both horizontally and vertically differentiated. A distinctive feature of our model is the presence of a network externality, which operates through the number of varieties available at each quality...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617954

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Monopolistic competition under horizontal and vertical differentiation

Kichko, Sergei; Marini, Marco; Saulle, Riccardo D.; … - 2026

Book / Working Paper

Monopolistic competition under horizontal and vertical differentiation

Kichko, Sergey; Marini, Marco; Saulle, Ricardo; Thisse, … - 2026

Book / Working Paper

Will central clearing change the market structure of U.S. Treasury repo to become more standardized and trade on an all-to-all basis?

Patel, Ketan - 2026

This paper examines whether the SEC's mandate for central clearing of U.S. Treasury repo transactions could enable all-to-all trading and support the development of a standardized term repo market. By mitigating counterparty risk through central clearing, cash lenders may become more willing to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611478

Market structure and technology adoption in renewable energy

Doshi, Gaurav; Johnston, Sarah - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015627136

A structural break analysis of Wine Spectator’s Top 100, 1988-2025

Gokcekus, Omer - 2026

Using Wine Spectator's Top 100 lists for 1988-2025, this note applies Bai-Perron structural break tests to regional and country shares and identifies three distinct periods: 1988-1997, 1998-2015, and 2016-2025. Real prices decline across phases, with the sharpest drop in the most recent period,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638981

Public vs. private payment platforms : market impacts and optimal policy

Liu, Youming; Rivadeneyra, Francisco; Reshidi, Edona - 2026 - Last updated: March 10, 2026

We study competition between a welfare-maximizing public platform and a profit-maximizing private platform in a two-sided payment market. We characterize the public platform's optimal pricing and show that it balances the benefits of increased competition against the welfare costs of network...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612292

Productivity dispersion and misallocation : industry vs. market

Kim, Seho - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612420

Upstream innovation effect of downstream competition : how does volume-based procurement shape pharmaceutical innovation strategies?

Zheng, Yanghui; Shan, Fenxia; Zhou, Shengjia - 2026

This study examines how volume-based procurement policies reconfigure innovation trajectories in pharmaceutical enterprises from a knowledge-based perspective. Analysing panel data from listed pharmaceutical companies, this research shows that this procurement mechanism triggers a strategic...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676144

Equity market structure and trading diversification : insights from panel data, clustering, and machine learning

Leogrande, Angelo; Anobile, Fabio; Costantiello, Alberto; … - 2026

This paper studies the topic that has been rather less explored until now-the internal diversification of trading. Unlike looking at aggregate measures of financial development such as market capitalization and liquidity, the study focuses on trading diversification, defined as the portion of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061356

Modernizing Palau's Financial System : Opportunities and Risks

Davico, Ricardo - 2026

Palau’s financial system faces structural challenges that inhibit effective financial intermediation, mobilization of domestic savings, and payment system efficiency. The authorities have been striving to address these challenges through digital initiatives. While these initiatives are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612613

What is the "right" geographic market definition?

Genakos, Christos; Kampouris, Themistoklis - 2026

This paper examines the "right" geographic definition of relevant markets by analyzing how excise tax pass-through varies with local competition in the retail gasoline market of a large metropolitan city. Using a natural experiment from three unanticipated and exogenous fuel tax hikes and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015607667

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What is the "right" geographic market definition?

Genakos, Christos; Kampouris, Themistoklis - 2026

Book / Working Paper

What is the "right" geographic market definition?

Genakos, Christos; Kampouris, Themistoklis - 2026

Book / Working Paper

Market power, optimal scale and competition promotion in banking : analysis in the GCC region

Alfaihani, Sara; Badunenko, Oleg; Jaffry, Shabbar - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015375459

Market size disparity moderates competitive balance interventions in US sports leagues

Davis, Kyle J.; Ransom, Tyler; Black, Christopher; … - 2026

This study examines the extent to which market size disparity across franchises - measured as the coefficient of variation of MSA populations - moderates the effectiveness of competitive balance interventions (CBIs) in Major League Baseball (MLB), the National Football League (NFL), the National...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015624668

Flexible electricity market clearing zones

Risanger, Simon; Bakker, Steffen J. S.; Fleten, Stein-Erik - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015330158

Reputation building under uncertain monitoring

Deb, Joyee; Ishii, Yuhta - 2025

We study the standard reputation model with a long-run (LR) player facing a sequence of short-run (SR) opponents, with one difference: the SR players are uncertain about the monitoring structure, while the LR player knows it. We construct examples where the standard reputation result breaks...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015332592

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Reputation building under uncertain monitoring

Deb, Joyee; Ishii, Yuhta - 2016

Book / Working Paper

Reputation Building Under Uncertain Monitoring

Deb, Joyee - 2016

Book / Working Paper

A two-sided model of television competition with advertising pricing and endogenous reinvestment

Bardey, David - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637958

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A two-sided model of television competition with advertising pricing and endogenous reinvestment

Bardey, David - 2026

Book / Working Paper

Government of Canada fixed-income market ecology II : Government of Canada bond dealing

Kocourek, Petr; Walton, Adrian - 2026 - Last updated: March 10, 2026

This paper describes the organization of the market for trading Government of Canada (GoC) bonds. We outline the role of investment dealers in intermediating trading, distributing GoC securities and providing liquidity across the yield curve. We describe the key features of GoC bond trading and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638767

Platform investment and seller competition in two-sided markets

Angelini, Francesco; Castellani, Massimiliano; Zirulia, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015333220

Rental market structure and housing dynamics : an interacted panel VAR investigation

Rubaszek, Michal; Stenvall, David; Uddin, Mohammed Gazi … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338010

How innovation and heterogenous human capital shape wealth and income inequality

Spinesi, Luca - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641513

Profitability, efficiency, and market structure in the meat and milk processing industry : evidence from Central Europe

Kroupová, Zdeňka Žáková; Trnková, Gabriela - 2025

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...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015338284

The euro-area repo market : structure, participants and interlinkages

Caverni, Lorenzo; De Nicola, Annalisa; Persico, Mattia - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641914

Industrial organization and "The Rise of Market Power"

Miller, Nathan H. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015181895

Cost pass-through, price competition, and market power in brick-and-mortar pharmacies : evidence from Germany

Gail, Maximilian M. - 2026

In the German pharmacy market, strictly regulated prescription (Rx) drug prices coexist with free pricing for over-the-counter (OTC) drugs. This paper investigates the extent of market power in the non-prescription segment (OTC drugs and non-pharmaceuticals) and explores the role of Rx drugs in...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015643184

Expatriate staffing in foreign subsidiaries and host market contestability

Zajc Kejžar, Katja; Golob Šušteršič, Tina - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015423185

Pricing and investment by a two-sided monopoly platform

Moraga-González, José Luis; Motchenkova, Evgenia; … - 2026

This paper analyzes a monopoly platform's joint pricing and investment decisions in the canonical two-sided market model of Armstrong (2006). Participants are heterogeneous in outside options and derive both stand-alone benefits from joining the platform, and network benefits from interacting...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644861

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Pricing and investment by a two-sided monopoly platform

Moraga-González, José Luis; Motchenkova, Evgenia; … - 2026

Book / Working Paper

When do pro-competitive policies in electricity markets reduce total emissions? : the role of electrification

Kurakawa, Yukihide - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637227

Theories of market selection

Fontanelli, Luca - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015463205

Disclosure to competitors in light of endogenous firm investments

Arya, Anil; Frimor, Hans; Mittendorf, Brian; Pfeiffer, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015463751

Platform-controlled search and distortions in attention allocation

Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2026

Digital platforms allocate buyer attention across sellers that differ in quality and breadth of appeal. We study a monopoly platform that sets meeting rates between buyers and two seller types - niche sellers whose high-quality good is valued by a fraction x of buyers and mass-market sellers...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667360

Central clearing in repo markets : do the benefits extend to non-dealers?

Auger, Danny; Walton, Adrian - 2026 - Last updated: June 29, 2026

This note examines whether central clearing of repurchase agreements (repos) provides benefits not only to bank-owned dealers but also to non-dealer market participants in Canadian fixed-income markets. While prior research has largely emphasized the dealer perspective-showing that central...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668286

Market entry and product liability

Friehe, Tim; Cat Lam Pham - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467430

To combine or not? : consolidating horizontal acquisitions in multisided market

Pal, Pallavi - 2026

When a parent company acquires a horizontal competitor on the same side of a multi-sided market, it must decide whether to fully integrate the acquired platform or keep it as a separate brand. We study this in the context of Uber's acquisition of Postmates, using novel consumer receipt data that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015665323

Cartel stability with quality-anchored buyers

Bos, Iwan; Cesi, Berardino; Marini, Marco - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015467459

The limits of media see-saws : Ad-funded platform mergers can harm both sides

Shekhar, Shiva; Shopova, Radostina - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015468048

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The limits of media see-saws : ad-funded platform mergers can harm both sides

Shekhar, Shiva; Shopova, Radostina - 2025

Book / Working Paper

Market structure of intermediation

Zhong, Hongda - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061870

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Market structure of intermediation

Zhong, Hongda - 2022

Book / Working Paper

Market Structure of Intermediation

Zhong, Hongda - 2022

Book / Working Paper

Economics of electricity grid interconnections : a heterogeneous markets' design context

Damoun, Anas; Poudineh, Rahmatallah - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616532

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Economics of electricity grid interconnections : a heterogeneous markets' design context

Damoun, Anas; Poudineh, Rahmatallah - 2025

Book / Working Paper

Industrial convergence, market structure, and consumption upgrading

Huo, Xiuzhen; Liu, Lingfang - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015470687

Sequential pricing on multisided platforms

Bontems, Philipe; Hamilton, Stephen F.; Lepore, Jason J. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015471145

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Sequential pricing on multisided platforms

Bontems, Philipe; Hamilton, Stephen F.; Lepore, Jason J. - 2025

Book / Working Paper

U.S. Treasury market functioning from the GFC to the pandemic

Adrian, Tobias; Fleming, Michael J.; Nikolaou, Kleopatra - 2025

This article examines U.S. Treasury securities market functioning from the global financial crisis (GFC) through the Covid-19 pandemic given the ensuing market developments and associated policy responses. We describe the factors that have affected intermediaries, including regulatory changes,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015372069

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US treasury market functioning from the GFC to the pandemic

Adrian, Tobias; Fleming, Michael J.; Nikolaou, Kleopatra - 2025

Book / Working Paper

Advertising types cross-network effects on two sided platforms

Khlyupina, Veronika A.; Golovanova, Svetlana; Ribeiro, … - 2025

Broadcast TV is a well-known example of a two-sided platform where cross network effects on the viewer and advertising sides interact. Like many platforms, it is advertiser-financed. While the literature shows that viewers dislike advertising, we explore a unique data set and distinguish between...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015473095

Business use of online platforms : competition, satisfaction and willingness to pay

Peneder, Michael; Bilek-Steindl, Sandra; … - 2025

Online platforms have evolved into powerful programmable architectures that enable heterogeneous groups of autonomous but interdependent users to interact. Based on a stratified sample of 1,380 companies from a newly developed enterprise survey in Austria, the analysis aims to reduce the lack of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015372720

Crisis facilities as a source of public information

Ergun, Lerby - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015373063

Increased (platform) competition reduces (seller) competition

Cui, Shana - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015473991

Dynamic changes in the structure and concentration of the international grain and oilseed trading industry

Wilson, William W.; Bullock, David W.; Dubovoy, Isaac - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015454692

Competition and market power in the Latin American banking sector

Lluberas, Rodrigo - 2025

The functioning of the banking sector is key for economic growth. In this paper, we first gather banks' balance sheet monthly regulatory information in a consistent manner for seven Latin American countries. Second, we estimate lending markups and deposits markdowns in each country over time....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015208863

Market structure and college access in the US

Cook, Emily E. - 2025

State governments provide grants to students to subsidize college attendance. In response, colleges can adjust their tuition, aid policies, and admission standards, affecting equilibrium enrollment and pass-through of aid to students. To quantify demand- and supply-side responses, I develop a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015332013

Higher prices in a more competitive market : the paradox in the retail electricity market in the United Kingdom

Chen, Huanhuan; Li, Jinke; O'Leary, Nigel; Shao, Jing - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015436070

Priority search with outside options

Kim, Jaehong; Li, Mengling; Xu, Menghan - 2025

This paper examines the welfare implications of priority service in a frictional search environment with heterogeneous outside options. Priority search facilitates expedited matching with public options in the market by charging a service premium. Our main analysis demonstrates that a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015459688

Vertical market structure matters : the case of a horizontal retail merger in the German gasoline market

Oschmann, Sebastian - 2025

This article examines the price effects of gasoline stations following a retail merger in 2022. Using detailed station-level price data from 2020 to 2024, the analysis shows that fuel prices increase at both merging stations and their competitors, but with regional differences. These regional...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337416