Results 181 to 190 of about 79,385 (289)

The Optimal Bribe: Price Versus Quantity Competition in Oligopolies

open access: yesThe Manchester School, EarlyView.
ABSTRACT We analyze an entry deterrence model between an incumbent firm and a potential entrant, where the incumbent strategically offers bribes to local officials to raise entry barriers. Our focus is a three‐stage Bertrand game under incomplete information in a differentiated goods market.
Vishavdeep Sharma   +1 more
wiley   +1 more source

Quantitative Effects of Employment Protection in OECD Labor Markets

open access: yesThe Manchester School, EarlyView.
ABSTRACT This paper explores the quantitative role played by Employment Protection Legislation over employment and on‐the‐job training in the presence of dual labor markets across OECD economies. We extend the search and matching model by introducing formal education and investment decisions in training by firms, and a gap in firing costs between fixed‐
Joaquín Naval, José I. Silva
wiley   +1 more source

A dataset of smart home devices sold on Spanish e-commerce platforms. [PDF]

open access: yesData Brief
Quintana-Vera J   +2 more
europepmc   +1 more source

Cross‐Ownership and Endogenous R&D Risk in Cournot Triopoly

open access: yesThe Manchester School, EarlyView.
ABSTRACT We examine how cross‐ownership influences firms' endogenous R&D risk‐taking in a Cournot triopoly, where two “insider” firms hold passive equity stakes in each other, and a third firm remains unaffiliated. Firms invest in stochastic R&D that lowers marginal costs and choose their risk level—measured by outcome variance—prior to quantity ...
Mingqing Xing, Ally Quan Zhang
wiley   +1 more source

Political and Institutional Development in England

open access: yesThe Manchester School, EarlyView.
ABSTRACT This paper revisits the political and institutional development of England from the Magna Carta to the Glorious Revolution. I argue that institutional change in this period is best understood through the lens of coalition formation. Political elites had heterogeneous preferences over first two, and then three, recurring axes of disagreement ...
Mark Koyama
wiley   +1 more source

Capital Composition and the Declining Labor Share

open access: yesThe Manchester School, EarlyView.
ABSTRACT There are two problems with the view that cheaper capital caused a decline in the labor share: first, aggregate capital and labor are gross complements; second, the price of capital is roughly constant, worldwide. Taking seriously the composition of capital resolves both challenges.
Maya Eden, Paul Gaggl
wiley   +1 more source

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