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Brown Bag Seminar Industrial Economics
This study investigates the payout policy of state-owned municipal firms. Based on insights from agency theory we derive an empirically testable model based on Lintner's corporate dividend policy model accounting for the characteristics of state-owned firms in terms of corporate governance and ownership structure. Exploiting a large and new panel dataset on German firms from the years 2003 to 20...
22.11.2019| Astrid Cullmann, DIW Berlin & TU Berlin
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Brown Bag Seminar Industrial Economics
Abstract: When a patient with symptoms of urinary tract infection arrives at a physician's office, it needs to decide which antibiotic drug to prescribe. A drug's efficacy in treating the infection depends on the individual, time-dependent resistance profile of the bacterium causing the infection. Physicians can conduct antibiotic susceptibility tests in order to create current resistance profiles...
29.11.2019| Shan Huang
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Brown Bag Seminar Industrial Economics
Abstract: In online commerce, obfuscation strategies by sellers are hypothesized to mislead consumers to their detriment and to the profit of sellers. One such obfuscation strategy is partitioned pricing in which the price is split into a base price and add-on fees. While empirical evidence suggests that partitioned pricing impacts consumer decisions through salience effects, its consumer...
06.12.2019| Kevin Ducbao Tran
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Brown Bag Seminar Industrial Economics
Abstract: This paper investigates the determinants of ownership changes of drug candidates in one of the most important current pharma markets —the market for diabetes. We in particular look at how do the competitive circumstances, progress in clinical development and radicalness of the drug candidates matter in these decisions. We use newly constructed, very granular dataset tracking...
20.12.2019| Jan Malek
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Brown Bag Seminar Industrial Economics
Abstract: Antibiotic misuse due to prescribing under diagnostic uncertainty is a leading driver of antibiotic resistance. We investigate the magnitude and mechanisms by which machine learning predictions can enable policies that reduce antibiotic misuse. Building on predictions from administrative data on urinary tract infections in Denmark, we evaluate counterfactual policies that replace...
14.02.2020| Hannes Ullrich
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Brown Bag Seminar Industrial Economics
Abstract: Trust is thought to be an important driver of economic growth and other economic outcomes. Previous studies suggest that trust may be a combination of risk attitudes, distributional preferences, betrayal aversion, and beliefs about the probability of being reciprocated. We compare the results of a binary trust game to the results of a series of control treatments that remove the...
28.02.2020| Jana Friedrichsen
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Brown Bag Seminar Industrial Economics
Abstract: An increasing body of empirical evidence has documented trends to risen concentration, profits, markups, and market power in many industries across the world since the 1980s. Several factors – such as globalisation, digitisation, the increased role of intangible assets and sunk costs, as well as M&A activity and the (under)enforcement of merger control– have been...
13.03.2020| Tomaso Duso
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Brown Bag Seminar Industrial Economics
This event takes place online via Zoom.
Abstract: While the coronavirus spreads around the world, governments are attempting to reduce contagion rates at the expense of negative economic effects. Market expectations have plummeted, foreshadowing the risk of a global economic crisis and mass unemployment. Governments provide huge financial aid programmes to mitigate the expected economic...
17.04.2020| Fabian Braesemann (Saïd Business School, University of Oxford)
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Brown Bag Seminar Industrial Economics
This is an online seminar using Webex. You will receive the login data with the invitation to the talk.
Abstract: This paper analyzes the relationship between common ownership – when two firms are partially held by the same investor – and markups. Combining firm-level financial data from Europe with ownership data of publicly listed firms, we structurally estimate production...
07.05.2020| Nuria Boot
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Blog Marcel Fratzscher
As the nominee to succeed European Central Bank President Mario Draghi in November, Christine Lagarde may be hoping that her job will be somewhat easier than that of her predecessor. Yet the opposite is likely to be true. Though Draghi was tasked with guiding the ECB through years of crises, Lagarde will have to pursue eurozone reforms at a time of deepening polarization among member-state governments. ...
05.08.2019| Marcel Fratzscher