Topic Competition and Regulation

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611 results, from 21
Vierteljahrshefte zur Wirtschaftsforschung 2 / 2020

Förderbanken – nicht nur in der Corona-Krise wichtig: Editorial

2020| Andreas Pfingsten, Dorothea Schäfer
Vierteljahrshefte zur Wirtschaftsforschung 3 / 2020

Investing for a Greener, Competitive and Socially Inclusive Europe

Förderbanken sind in guten und in schlechten Zeiten nützlich. Sie bringen strukturelle Veränderungen in Volkswirtschaften voran und helfen dabei, langfristige Herausforderungen anzugehen. Sie ergänzen Finanzsysteme, unterstützen die Funktionsfähigkeit von Banken- und Finanzmärkten und stärken die Resilienz von Volkswirtschaften. Sie lindern nicht nur Marktversagen, sondern können aber auch einen Beitrag ...

2020| Debora Revoltella, Patricia Wruuck
Externe referierte Aufsätze

Coal Phase-out in Germany: Implications and Policies for Affected Regions

The present study examines the consequences of the planned coal phase-out in Germany according tovarious phase-out pathways that differ in the ordering of power plant closures. Soft-linking an energysystem model with an input-output model and a regional macroeconomic model simulates the socio-economic effects of the phase-out in the lignite regions, as well as in the rest of Germany. The combi-nation ...

In: Energy 196 (2020), 117004, 19 S. | Pao-Yu Oei, Hauke Hermann, Philipp Herpich, Oliver Holtemöller, Benjamin Lünenbürger, Christoph Schult
DIW Weekly Report 35 / 2020

Bank Levies Can Make Bank Balance Sheets More Resilient, but High Corporate Tax Rates Dampen the Effect

Following the global financial crisis of 2008/2009, many European countries introduced bank levies to enable financial institutions to share in the costs of future banking crises via resolution and restructuring funds. Simultaneously, bank levies can set an incentive for banks to reduce their leverage, thereby achieving a more stable capital structure. Using information from banks’ balance sheets, ...

2020| Franziska Bremus, Lena Tonzer
Externe referierte Aufsätze

The Impact of Liquidity and Capital Requirements on Lending and Stability of African Banks

We assess whether compliance with Basel III’s main requirements, the Net Stable Funding Ratio (NSFR) and the risk-weighted Total Capital Ratio (TCR), matters for lending and stability of African banks. Banks with an NSFR or a TCR of at least the required minimum are defined as treatment group in the endogenous treatment estimations. Our results reveal that African banks complying with the capital threshold ...

In: Journal of International Financial Markets, Institutions & Money 67 (2020), 101201, S. 1-20 | Samuel Mutarindwa, Dorothea Schäfer, Andreas Stephan
Monographien

Barriers to Competition through Joint Ownership by Institutional Investors: Study Requested by the ECON Committee

In recent years, the phenomenon of common ownership by institutional investors has sparked considerable debate among scholars about its impact on competition and companies’ corporate governance. This study analyses some specific features of common ownership by institutional investors in the European banking sector. It also examines closely the tension between competition policy and corporate governance ...

Brussels: European Parliament, 2020, 110 S. | Simona Frazzani, Kletia Noti, Maarten Pieter Schinkel, Jo Seldeslachts, Albert Banal Estaño, Nuria Boot, Carlo Angelici
Diskussionspapiere 1859 / 2020

Time-Consistent Carbon Pricing: The Role of Carbon Contracts for Differences

Carbon pricing decisions by governments are prone to time-inconsistency, which causes the private sector to underinvest in emission-reducing technologies. We show that incentives for decarbonization can be improved if complementing carbon pricing with carbon contracts for differences, where the government commits to pay a fixed carbon price level to the investors. We derive conditions under which the ...

2020| Olga Chiappinelli, Karsten Neuhoff
DIW Weekly Report 15/16 / 2020

Government Bonds: European Banks Still Display Strong Home Bias: Requiring Capital Backing Could Worsen Problem

The European sovereign debt crisis illustrated how the stability of the entire financial system suffers when banks and sovereigns become too intertwined. However, there has been seemingly little success in reducing the bank-sovereign nexus in the decade since the crisis. As this Weekly Report shows, home bias remains strong and many European banks are still primarily purchasing domestic government ...

2020| Dorothea Schäfer, Michael Stöckel, Henriette Weser
Diskussionspapiere 1856 / 2020

Technology Policy and Market Structure: Evidence from the Power Sector

We show how policies to trigger clean technologies change price competition and market structure. We present evidence from electricity markets, where regulators have implemented different policies to subsidize clean energy. Building on a multi-unit auction model, we show that currently applied subsidy designs either foster or attenuate competition. Fixed, price-independent output subsidies decrease ...

2020| Moritz Bohland, Sebastian Schwenen
Diskussionspapiere 1888 / 2020

Partitioned Pricing and Consumer Welfare

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 affects consumer decisions through salience effects, its consumer welfare consequences ...

2020| Kevin Ducbao Tran
611 results, from 21