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354 results, from 291
Diskussionspapiere 1144 / 2011

Merger Efficiency and Welfare Implications of Buyer Power

This paper analyzes the welfare implications of buyer mergers, which are mergers between downstream firms from different markets. We focus on the interaction between the merger's effects on downstream efficiency and on buyer power in a setup where one manufacturer with a non-linear cost function sells to two locally competitive retail markets. We show that size discounts for the merged entity has no ...

2011| Özlem Bedre-Defolie, Stéphane Caprice
Diskussionspapiere 1142 / 2011

An Early Warning System to Predict the House Price Bubbles

In this paper, we construct the country-specific chronologies of the house price bubbles for 12 OECD countries over the period 1969:Q1- 2010:Q2. These chronologies are obtained using a combination of a fundamental and a filter approaches. The resulting speculative bubble chronology is the one that provides the highest concordance between these two techniques. In addition, we suggest an early warning ...

2011| Christian Dreger, Konstantin A. Kholodilin
Diskussionspapiere 1097 / 2011

How Emission Certificate Allocations Distort Fossil Investments: The German Example

Despite political activities to foster a low-carbon energy transition, Germany currently sees a considerable number of new coal power plants being added to its power mix. There are several possible drivers for this "dash for coal", but it is widely accepted that windfall profits gained through free allocation of ETS certificates play an important role. Yet the quantification of allocation-related investment ...

2011| Michael Pahle, Lin Fan, Wolf-Peter Schill
FINESS Working Papers 2.5 / 2010

Banks in Space: Does Distance Really Affect Cross-Border Banking?

During the last years, gravity equations have leapt from the trade literature over into the literature on financial markets. Martin and Rey (2004) were the first to provide a theoretical model for cross-border asset trade, yielding a structural gravity equation that could be tested empirically. In this paper, I use a gravity model to evaluate factors that affect cross-border banking. Furthermore, I ...

2010| Katja Neugebauer
FINESS Working Papers 5.2 / 2010

Foreign Bank Presence and Its Effect on Firm Entry and Exit in Transition Economies

This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries compared to transparent ones. At the same time, the entry of greenfield foreign banks spurred firm creation ...

2010| Olena Havrylchyk
Diskussionspapiere 1081 / 2010

Is There a Bubble in the Chinese Housing Market?

For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with pos-sible adverse effects to the real economy. To get insights into the size of the bubble, the house price evolution is investigated by panel cointegration techniques. Evidence is based on a dataset for 35 major cities. Cointegration ...

2010| Christian Dreger, Yanqun Zhang
Weekly Report 28 / 2010

HDTV in Germany: Lack of Innovation Management Leads to Market Failure

High definition television may now be poised for a breakthrough in Germany. Unfortunately, in the area of private free-TV, broadcasters and network operators are still blocking each other. Market participants hope to leverage encryption and digital rights management as sources of long-term profits. This, however, may come at the expense of television viewers. Despite the start of regular HDTV operations ...

2010| Georg Erber, Sven Heitzler

Is there a Bubble in the Chinese Housing Market?

Frankfurt / Oder: Europa-Univers. Viadrina, 2010, 25 S.
(Discussion Paper / European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics ; 290)
| Christian Dreger, Yanqun Zhang
Diskussionspapiere 1045 / 2010

Joint Customer Data Acquisition and Sharing among Rivals

It is increasingly observable that in different industries competitors jointly acquire and share customer data. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such agreements and their welfare implications. In our model the incentives of firms for data acquisition and sharing depend on the willingness of consumers to switch brands. Firms ...

2010| Nicola Jentzsch, Geza Sapi, Irina Suleymanova
Externe referierte Aufsätze

What Drives Housing Prices Down? Evidence from an International Panel

In this study, we suggest an explanation for the low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over the period 1975-2005. We show that the long-run development of housing markets is determined by real disposable percapita income, the real long-term interest rate, population growth, and urbanization. The differential development of real housing prices ...

In: Jahrbücher für Nationalökonomie und Statistik 230 (2010), 1, S.59-76 | Konstantin A. Kholodilin, Jan-Oliver Menz, Boriss Siliverstovs
354 results, from 291