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Topic Competition and Regulation

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686 results, from 11
Externe referierte Aufsätze

Common Ownership Patterns in the European Banking Sector: The Impact of the Financial Crisis

We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of blockholdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led to capital injections ...

In: Journal of Competition Law & Economics 18 (2022), 1, S. 135–167 | Albert Banal-Estañol, Nuria Boot, Jo Seldeslachts
Externe referierte Aufsätze

Competition, Formal Governance and Trust in Alliances: An Experimental Study

We study the role of alliance governance in the behavior of partners in alliances with different degrees of competition. Using data from a lab experiment on 1,009 alliances and 31,662 partners' choices, we explore whether and how alliances succeed in different competitive scenarios, contingent on the use of formal governance mechanisms (termination clauses) and the number of partners in the alliance. ...

In: Long Range Planning im Ersch. (2022), [online first: 2022-07-05] | Giulia Solinas, Debrah Meloso, Albert Banal-Estañol, Jo Seldeslachts, Tobias Kretschmer
Diskussionspapiere 2010 / 2022

The Costs of Natural Gas Dependency: Price Shocks, Inequality, and Public Policy

Natural gas prices in Germany saw a strong increase at the end of 2021, subsequently worsening with the start of the war in Ukraine in February 2022, raising concerns about the distributional consequences. Our study shows that low-income households are affected the most by the natural gas price increase. Low-income households pay at the median 11.70 percent of their equivalent income on gas bills, ...

2022| Mats Kröger, Maximilian Longmuir, Karsten Neuhoff, Franziska Schütze
DIW Weekly Report 12 / 2022

Rent Control Reduces Economic Inequality at a Price

Over the course of the 20th century, governments have frequently used rent control to keep rents affordable, especially in times of crisis when housing is scarce. Existing research shows that rent control has undesirable side effects, such as overall societal welfare losses, market misallocation, a declining housing supply, and lower mobility. However, there has been little research examining the effect ...

2022| Konstantin A. Kholodilin, Sebastian Kohl
Diskussionspapiere 2000 / 2022

How Communication Makes the Difference between a Cartel and Tacit Collusion: A Machine Learning Approach

This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly about price fixing and more likely ...

2022| Maximilian Andres, Lisa Bruttel, Jana Friedrichsen
Diskussionspapiere 2003 / 2022

Stranded Assets in the Coal Export Industry? The Case of the Australian Galilee Basin

Steam coal exporters face increasing uncertainty about future coal demand and risks of asset stranding. Nevertheless, new export-oriented coal mine projects are still brought forward. In this study, we use the coal sector model COALMOD-World to assess the economic prospects of investments in the export-oriented steam coal sector, and in particular of coal mines in the Galilee Basin, Australia. We parameterize ...

2022| Christian Hauenstein, Franziska Holz, Lennart Rathje, Thomas Mitterecker

Decarbonisation of the Energy System

Our analysis highlights that the current national energy and climate plans (NECPs) of EU countries are insufficient to achieve a cost-efficient pathway to EU-wide climate neutrality by 2050.

Brussels: Bruegel, 2022, 14 S.
(Policy Contribution / Bruegel ; 01/22)
| Georg Zachmann, Franziska Holz, Claudia Kemfert, Ben McWilliams, Frank Meissner, Alexander Roth, Robin Sogalla
Externe referierte Aufsätze

The Pricing Structure of Legal Services: Do Lawyers Offer What Clients Want?

We analyze clients’ contract choices in auctions where Dutch law firms compete for standard cases such as labor disputes for individuals and collecting debts for businesses. In the auctions, lawyers can submit bids with any fee arrangement they prefer, including an hourly rate, a fixed fee, and a ‘mixed fee’: a time-capped fixed fee plus an hourly rate for any additional hours should the case take ...

In: Review of Industrial Organization (2022), im Ersch. [online first: 2022-04-27] | Flóra Felsö, Sander Onderstal, Jo Seldeslachts
Diskussionspapiere 1999 / 2022

Forward to the Past: Short-Term Effects of the Rent Freeze in Berlin

In 2020, Berlin introduced a rigorous rent-control policy responding to soaring rents by setting a cap on rental prices: the Mietendeckel (rent freeze). The policy was revoked one year later by the German Constitutional Court. Although successful in reducing rents during its duration, the consequences for Berlin’s rental market and adjacent municipalities are not clear. In this paper we evaluate the ...

2022| Anja M. Hahn, Konstantin A. Kholodilin, Sofie R. Waltl, Marco Fongoni
Externe referierte Aufsätze

In an Imperfect World Policy Rules Cannot be Perfect Either: Letter

It is striking that economists in particular firmly believe in the benefits of rule-binding, even though this belief runs counter to the standard assumption of economic theory that we humans are self-interested and therefore extremely resourceful when it comes to circumventing inconvenient government regulations, e.g. taxes. In Public Choice Theory, politicians are even assumed to have nothing but ...

In: The Economists' Voice (2022), im Ersch. [online first: 2021-11-11] | Gert G. Wagner
686 results, from 11