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356 results, from 301
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
FINESS Working Papers 7.4A / 2009

Liquidity and Asset Prices: How Strong Are the Linkages?

The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...

2009| Christian Dreger, Jürgen Wolters
FINESS Working Papers 3.4 / 2009

What's Banking Sector Concentration Got to Do with Private Equity Market?

The paper investigates the link between bank concentration and a country's buyout market. We perform a macro level analysis for 15 European countries during 1997-2007. We estimate the elasticity of the country i's buyout market to country i's concentration in the banking sector. Our major finding suggests that the more concentrated the banking sector is, the better it is for the size of the buyout ...

2009| Oleg Badunenko, Saloni Deva, Dorothea Schäfer, Michael Viertel
Diskussionspapiere 854 / 2009

Corporate Espionage

We consider a multimarket framework where a set of firms compete on two interrelated oligopolistic markets. Prior to competing in these markets, firms can spy on others in order to increase the quality of their product. We characterize the equilibrium espionage networks and networks that maximize social welfare under the most interesting scenario of diseconomies of scope. We find that in some situations ...

2009| Pascal Billand, Christophe Bravard, Subhadip Chakrabarti, Sudipta Sarangi
Diskussionspapiere 919 / 2009

Mergers in Imperfectly Segmented Markets

We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a "high-demand" and a "low-demand" market). Buyers are mobile but restricted by transportation costs, so that imperfect arbitrage occurs when prices differ in both markets. We show that equilibria are distorted away from Cournot outcomes to prevent consumer arbitrage. Furthermore, a merger can lead to ...

2009| Pio Baake, Christian Wey
Diskussionspapiere 931 / 2009

The World Gas Market in 2030: Development Scenarios Using the World Gas Model

In this paper, we discuss potential developments of the world natural gas industry at the horizon of 2030. We use the World Gas Model (WGM), a dynamic, strategic representation of world natural gas production, trade, and consumption between 2005 and 2030. We specify a "base case" which defines the business-as-usual assumptions based on forecasts of the world energy markets. We then analyze the sensitivity ...

2009| Daniel Huppmann, Ruud Egging, Franziska Holz, Sophia Rüster, Christian von Hirschhausen, Steven A. Gabriel
FINESS Working Papers 7.4 / 2009

Monetary Policy Transmission and House Prices: European Cross Country Evidence

This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary policy shock. We split our sample of countries into two disjoint groups according to the impact of the monetary ...

2009| Kai Carstensen, Oliver Hülsewig, Timo Wollmershäuser
Diskussionspapiere 860 / 2009

Liquidity and Asset Prices: How Strong Are the Linkages?

The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...

2009| Christian Dreger, Jürgen Wolters
SOEPpapers 186 / 2009

Factors Influencing Tenure Choice in European Countries

Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on household's tenure choice, using a cross-country comparative approach. ...

2009| Monika Bazyl
356 results, from 301
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