发布求助
文献互助 智能选刊 最新文献

ERN: Market Structure (Topic)最新文献

筛选
英文 中文
Edgeworth Price Cycles in Gasoline: Evidence from the U.S. 汽油价格周期:来自美国的证据
ERN: Market Structure (Topic) Pub Date : 2010-06-25 DOI: 10.2139/ssrn.1630419
Paul R. Zimmerman, John M. Yun, Christopher T. Taylor
{"title":"Edgeworth Price Cycles in Gasoline: Evidence from the U.S.","authors":"Paul R. Zimmerman, John M. Yun, Christopher T. Taylor","doi":"10.2139/ssrn.1630419","DOIUrl":"https://doi.org/10.2139/ssrn.1630419","url":null,"abstract":"Studies of gasoline prices in multiple countries have found a repeated sequence of asymmetric cycles where a sharp price increase is followed by gradual decreases. This price pattern is linked to Maskin & Tirole’s (1988) theoretical duopoly pricing game that produces a similar pattern, Edgeworth price cycles. We examine data on average daily city-level retail gasoline and diesel prices for 355 cities in the U.S. from 2001-2007 using multiple methods to identify price cycles. We show that a relatively small number of U.S. cities concentrated in a number of contiguous upper Midwestern states evidence Edgeworth cycle-like pricing behavior. Within our data set cities tend to either cycle in all years or they do not cycle at all. We examine prices in cycling and non-cycling cites controlling for other factors and find consumers are no worse off, and likely better off, on average, in cycling than non-cycling cities. Finally, unlike previous studies, we find that some vertically integrated (branded) retail gasoline stations are themselves potentially important drivers of the scale and scope of cycling in retail gasoline prices. REVISED: May 2011","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123322604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
Exposure to FDI and New Plant Survival: Evidence in Canada 外国直接投资与新植物存活:加拿大的证据
ERN: Market Structure (Topic) Pub Date : 2010-05-19 DOI: 10.2139/ssrn.1611850
Yanling Wang
{"title":"Exposure to FDI and New Plant Survival: Evidence in Canada","authors":"Yanling Wang","doi":"10.2139/ssrn.1611850","DOIUrl":"https://doi.org/10.2139/ssrn.1611850","url":null,"abstract":"This paper examines the effects of FDI on indigenous new plants' survival, through intra- and inter-industry economic linkages. It includes all manufacturing plants born to indigenous firms from 1973 to 1997 in Canada. The study finds that indigenous plants tend to have shorter lives (more deaths) due to competition with FDI affiliates operating in the same industry, but they benefit from FDI affiliates operating both in downstream industries as customers and in upstream industries as suppliers. The positive inter-industry effects of FDI outweigh the negative intra-industry effects, resulting in a net positive impact of FDI on the durations of indigeneous plants.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126680328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 15
The Efficacy of Regulation Fair Disclosure 监管公平披露的有效性
ERN: Market Structure (Topic) Pub Date : 2010-04-12 DOI: 10.2139/ssrn.877207
C. Gadarowski, P. Sinha
{"title":"The Efficacy of Regulation Fair Disclosure","authors":"C. Gadarowski, P. Sinha","doi":"10.2139/ssrn.877207","DOIUrl":"https://doi.org/10.2139/ssrn.877207","url":null,"abstract":"An informational advantage enjoyed by select few around material announcements was the concern raised by SEC in passing Regulation Fair Disclosure. To date, no large study has examined this question. We document stock price movements in the direction of the news two days prior to the announcements in pre Reg. FD period. After Reg. FD, pre-announcement abnormal return as a percentage of total return has decreased by 26.1% (21.4%) for large firms with good (bad) news. These findings support both the premise and the intended purpose of the regulation for large firms. Our tests failed to detect any such support for small firms.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"205 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123049649","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 23
The ACCC’S Caltex-Mobil Decision: A Network View ACCC的加州-美孚决定:一个网络的观点
ERN: Market Structure (Topic) Pub Date : 2010-02-24 DOI: 10.2139/ssrn.1558767
H. Bloch, N. Wills-Johnson
{"title":"The ACCC’S Caltex-Mobil Decision: A Network View","authors":"H. Bloch, N. Wills-Johnson","doi":"10.2139/ssrn.1558767","DOIUrl":"https://doi.org/10.2139/ssrn.1558767","url":null,"abstract":"On December 2nd 2009, the Australian Competition and Consumer Commission (ACCC) announced its intention to oppose the acquisition of Mobil’s retail assets by Caltex, based in part on an assessment of adverse competition effects in some local markets. Their assessment was based upon the proportion of sites within each local market that would become controlled by Caltex post-merger. This paper suggests an alternative method for analysing competitive effects, which formalises local market structure into a network and assesses the position of each outlet in that network.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132003773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Prediction Accuracy of Different Market Structures - Bookmakers Versus a Betting Exchange 不同市场结构的预测准确性-博彩公司与博彩交易所
ERN: Market Structure (Topic) Pub Date : 2009-11-10 DOI: 10.2139/ssrn.1503350
E. Franck, E. Verbeek, Stephan Nüesch
{"title":"Prediction Accuracy of Different Market Structures - Bookmakers Versus a Betting Exchange","authors":"E. Franck, E. Verbeek, Stephan Nüesch","doi":"10.2139/ssrn.1503350","DOIUrl":"https://doi.org/10.2139/ssrn.1503350","url":null,"abstract":"There is a well-established literature on separately testing the prediction power of different betting market settings. This paper provides an inter-market comparison of the forecasting accuracy between bookmakers and a major betting exchange. Employing a dataset covering all football matches played in the major leagues of the “Big Five” (England, France, Germany, Italy, Spain) during three seasons (5478 games in total), we find evidence that the betting exchange provides more accurate predictions of the same underlying event than bookmakers. A simple betting strategy of selecting bets for which bookmakers offer lower probabilities (higher odds) than the bet exchange generates above average and, in some cases, even positive returns.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130421562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Market Constitution Analysis: A New Framework Applied to Solar Power Technology Markets 市场构成分析:应用于太阳能技术市场的新框架
ERN: Market Structure (Topic) Pub Date : 2009-07-30 DOI: 10.2139/ssrn.1456833
Guido Möllering
{"title":"Market Constitution Analysis: A New Framework Applied to Solar Power Technology Markets","authors":"Guido Möllering","doi":"10.2139/ssrn.1456833","DOIUrl":"https://doi.org/10.2139/ssrn.1456833","url":null,"abstract":"This paper outlines an integrative framework for the analysis of market constitution and explores its application to solar power technology markets. These markets are currently still in the making and, therefore, particularly suited to studying constitutive processes and the elements that play a role in them. In applying the framework to the constitution of solar power technology markets in Germany from the mid-1990s, the paper focuses on three examples of how constitutive mechanisms that trigger and drive market constitution processes and shape the constitutive elements of markets operate in distinct but interrelated ways: exploitation of technical inventions, business diversification, and political entrepreneurship. The analysis shows the role of market actors in 'making' a market at the same time as these actors evidently become 'marketized' by adopting market logic. Markets cannot be taken for granted in the field of solar power technologies or, rather, their actual taken-for-grantedness is one measure of the degree to which their constitution has been achieved.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121164040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
Analysis of Three Marketing Concepts For Restaurant Industries (A Case Study for Thai Restaurants in the United States) 餐饮业三种营销理念分析(以美国泰式餐厅为例)
ERN: Market Structure (Topic) Pub Date : 2008-04-30 DOI: 10.2139/SSRN.2027155
Azharsyah Ibrahim
{"title":"Analysis of Three Marketing Concepts For Restaurant Industries (A Case Study for Thai Restaurants in the United States)","authors":"Azharsyah Ibrahim","doi":"10.2139/SSRN.2027155","DOIUrl":"https://doi.org/10.2139/SSRN.2027155","url":null,"abstract":"The restaurant industry is the largest private-sector business in the United States. The sales of the industry are projected to be $558 billion by the end of 2008. It is said to be equal to 4% of the U.S. gross domestic product. As one of the players in the industry, the Thai Restaurant have increased the number of the restaurants that are operated in the U.S, but the rapid change in restaurant market could endanger this business in the future if the restaurant is not able to adjust with current market needs. In order to be able to make the adjustment, there are three concepts that the Thai Restaurant should analyze. First, is knowing the change in Americans’ eating trends, followed by conducting a market analysis, and thirdly, applying marketing mix model. These concepts will allow the Thai Restaurant to compete with other restaurants to obtain the American market.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129519515","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Home Improvements and Appreciation Rates Reflected in the OFHEO House Price Index 房屋改善和增值率反映在房屋价格指数
ERN: Market Structure (Topic) Pub Date : 2007-06-01 DOI: 10.2139/ssrn.992922
A. Leventis
{"title":"Home Improvements and Appreciation Rates Reflected in the OFHEO House Price Index","authors":"A. Leventis","doi":"10.2139/ssrn.992922","DOIUrl":"https://doi.org/10.2139/ssrn.992922","url":null,"abstract":"The repeat-transactions model that is used in the construction of OFHEO’s house price index (HPI) does not perfectly control for changes in the average condition of the housing stock. If the value of home improvements is not exactly offset by the effects of home depreciation, the HPI could reflect more or less appreciation than would be reported in a true “constant quality” index. This paper attempts to measure the annual amount of “quality drift” embedded within the index.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"115 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123070050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Bank Efficiency and Market Structure: What Determines Banking Spreads in Armenia? 银行效率和市场结构:亚美尼亚银行利差的决定因素?
ERN: Market Structure (Topic) Pub Date : 2007-06-01 DOI: 10.5089/9781451866988.001
Era Dabla‐Norris, Holger Floerkemeier
{"title":"Bank Efficiency and Market Structure: What Determines Banking Spreads in Armenia?","authors":"Era Dabla‐Norris, Holger Floerkemeier","doi":"10.5089/9781451866988.001","DOIUrl":"https://doi.org/10.5089/9781451866988.001","url":null,"abstract":"Despite far-reaching banking sector reforms and a prolonged period of macroeconomic stability and strong economic growth, financial intermediation in Armenia has lagged behind other transition countries, and interest rate spreads have remained higher than in most Central and Eastern European transition countries. This paper examines the determinants of interest rate spreads and margins in Armenia using a bank-level panel dataset for the period 2002 to 2006. We find that bank-specific factors, such as bank size, liquidity, and market power, as well as the market structure within which banks operate, explain a large proportion of crossbank, cross-time variation in spreads and margins. The results suggest that there is a large potential to increase cost efficiency and competition in the banking system.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123868783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 76
Spill-Overs from Good Jobs 好工作的溢出效应
ERN: Market Structure (Topic) Pub Date : 2007-04-01 DOI: 10.3386/w13006
P. Beaudry, D. Green, Benjamin M. Sand
{"title":"Spill-Overs from Good Jobs","authors":"P. Beaudry, D. Green, Benjamin M. Sand","doi":"10.3386/w13006","DOIUrl":"https://doi.org/10.3386/w13006","url":null,"abstract":"Does attracting or losing jobs in high paying sectors have important spill-over effects on wages in other sectors? The answer to this question is central to a proper assessment of many trade and industrial policies. In this paper, we explore this question by examining how predictable changes in industrial composition in favor of high paying sectors affect wage determination at the industry-city level. In particular, we use US Census data over the years 1970 to 2000 to quantify the relationship between changes in industry-specific city-level wages and changes in industrial composition. Our finding is that the spill-over (i.e., general equilibrium) effects associated with changes in the fraction of jobs in high paying sectors are very substantial and persistent. Our point estimates indicate that the total effect on average wages of a change in industrial composition that favors high paying sectors is about 3.5 times greater than that obtained from a commonly used composition-adjustment approach which neglects general equilibrium effects. We interpret our results as being most likely driven by a variant of the mechanism recently emphasized in the heterogenous firm literature whereby changes in competitive pressure cause a reallocation of employment toward the most efficient firms.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126972117","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 19
首页 上一页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信