ERN: Market Structure (Topic)最新文献_第5页

Sectoral Interlinkages in Lobal Value Chains: Spillovers and Network Effects 全球价值链中的部门间联系:溢出效应和网络效应

ERN: Market Structure (Topic) Pub Date : 2017-05-01 DOI: 10.2866/489819

Erik Frohm, Vanessa Gunnella

引用次数: 13

Exchange Status, Ability Status, and Reputation within Venture Capital Markets 风险资本市场的交换状况、能力状况和声誉

ERN: Market Structure (Topic) Pub Date : 2017-04-10 DOI: 10.2139/ssrn.2891608

Oghenovo A. Obrimah

{"title":"Exchange Status, Ability Status, and Reputation within Venture Capital Markets","authors":"Oghenovo A. Obrimah","doi":"10.2139/ssrn.2891608","DOIUrl":"https://doi.org/10.2139/ssrn.2891608","url":null,"abstract":"This study finds status that derives from new entrant venture capitalists' (VCs') information reach and frequency of repeated partnerships (exchange status) - the status construct generated by conventional implementations of the Bonacich (1987) construct - does not have any forecast power for future realizations of market reputations or future realizations of its own construct within venture capital markets. In empirical tests that substitute estimates of intrinsic ability for 'frequency of repeated partnerships' in implementation of the Bonacich (1987) construct, the resulting hybrid variable, ability status is shown to have forecast power for future realizations of market reputations and future realizations of exchange status. Forecast outcomes of ability status reveal strategies that enhance future realizations of market reputations do not simultaneously enhance future realizations of exchange status, and vice versa. A formal theoretical model demonstrates exchange status fails to have forecast power for future outcomes because the value of syndication is conditional on estimates of VCs' ability at timing of syndication activity. The formal model predicts, and empirical results show separating price equilibriums within venture capital markets can be characterized as arising out of a market structure within which strata of ability coexist with strata of project innovativeness, with higher ability VCs more likely to invest in, and more likely to syndicate investments in more innovative projects.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126336784","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: 1

To What Extent Does Wonton (Dumpling Soup) Market in Binhu District, Wuxi Fulfill the Characteristics of Monopolistic Competition? 无锡市滨湖区馄饨(饺子汤)市场在多大程度上符合垄断竞争特征?

ERN: Market Structure (Topic) Pub Date : 2017-03-27 DOI: 10.2139/ssrn.3562760

Xinye Yang

{"title":"To What Extent Does Wonton (Dumpling Soup) Market in Binhu District, Wuxi Fulfill the Characteristics of Monopolistic Competition?","authors":"Xinye Yang","doi":"10.2139/ssrn.3562760","DOIUrl":"https://doi.org/10.2139/ssrn.3562760","url":null,"abstract":"“Wonton” is one of the traditional Chinese food, especially popular in the south-east region such as the city Wuxi. There are numerous Wonton retailers around Wuxi, making it hard to analyze such abundant retailers. Consequently, I decide to highlight a specific area in Wuxi city, Binhu District, one of Wuxi’s biggest districts and then initiate research and paper. The purpose of this research is to investigate the extent to which the Wonton (dumpling soup) in Wuxi fulfills the characteristics of monopolistic competition. Individual retailers do not have significant market power, having a slight ability to fluctuating prices. The price is particularly of great significance in the Wonton market. Since there are no large-sized firms dominating the market, ample small retailers compete with each other. While some characteristics of monopolistic competition are present—different types of shops with various prices such as chain retailers and individual retailers—most of Wonton retailers in Binhu District have very similar prices. Secondary data have been polled through the internet, mostly from the official website for the local shop information section. To make sure the availability and accuracy of data, I went to each random-selected Wonton retailers’ stores and interviewed two owners and some consumers in the shops. To achieve a further understanding of consumers’ behaviors, 75 people were asked to complete two questionnaires (APPENDIX I II). After analyzing the information from the sample surveys, it provided me with insights into how consumer decisions influence the market.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"151 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116527996","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

Measuring the Incentive to Collude: The Vitamin Cartels, 1990-1999 衡量串通动机:维生素卡特尔，1990-1999

ERN: Market Structure (Topic) Pub Date : 2017-03-09 DOI: 10.2139/ssrn.2889837

Mitsuru Igami, Takuo Sugaya

引用次数: 46

Bank Regulation and Market Structure 银行监管与市场结构

ERN: Market Structure (Topic) Pub Date : 2016-10-14 DOI: 10.2139/ssrn.2739777

C. Nielsen, G. Weinrich

{"title":"Bank Regulation and Market Structure","authors":"C. Nielsen, G. Weinrich","doi":"10.2139/ssrn.2739777","DOIUrl":"https://doi.org/10.2139/ssrn.2739777","url":null,"abstract":"Following the recent and on-going tightenings of capital requirements in response to the financial crisis many experts have predicted a decline in the importance of the banking sector as banks struggle to compete with other providers of financial intermediation. The purpose of our research is to investigate this hypothesis in a model where the need for bank regulation is explained from first principles.Our analysis suggests that, in a monopolistic competition setting, with higher capital requirements the bank sector may see bank competition reduced as the sector becomes dominated by fewer banks. Parallel with this development depositors may stop using banks in favor of an outside option that can be interpreted as banks which are either unregulated or subject to other, possibly less stringent, types of regulation. It is noteworthy that the first effect goes against an objective often stated by regulators, namely to reduce the number of large banks in the market, banks which may be \"too big to fail\".We explain tightened capital requirements as the regulator's response to financial innovation. In our model such innovation increases the riskiness of certain asset classes without improving on their expected return. The only way to prevent banks from using these new assets is by increasing the capital requirements for all asset classes. The costs of these requirements are ultimately born by depositors and may lead them to look for better returns elsewhere.Our model builds on the Salop (1979) model and in doing so also sheds some light on its properties. In particular we show that so-called monopoly equilibria only exist when the number of banks is constrained to be an integer.","PeriodicalId":172652,"journal":{"name":"ERN: Market Structure (Topic)","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134108527","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: 3

Strategic Grouping and Search for Quality Journalism, Online versus Offline 高质量新闻的策略分组与搜索:线上与线下

ERN: Market Structure (Topic) Pub Date : 2016-10-01 DOI: 10.2139/ssrn.2853072

M. Ellman, Tomás Rodríguez Barraquer

引用次数: 1

The Real Estate Market in the Russian Federation in H1 2016 2016年上半年俄罗斯联邦的房地产市场

ERN: Market Structure (Topic) Pub Date : 2016-09-22 DOI: 10.2139/ssrn.2842175

Georgy Zadonsky

引用次数: 0

Productivity and Reallocation: Evidence from the Universe of Italian Firms 生产率与再分配:来自意大利企业世界的证据

ERN: Market Structure (Topic) Pub Date : 2016-09-22 DOI: 10.2139/ssrn.2910391

A. Linarello, A. Petrella