presse@iwh-halle.de
Pills or puts?
Shuo Xia
Financial Times, February 2, 2024
We investigate the impact of a set of place-based subsidies introduced in Turkey.
Economists typically make simplifying assumptions to make the solution and estimation of their highly complex models feasible.
We propose a general equilibrium model with oligopolistic output markets where two channels can cause a change in market power: (i) technology, via changes to productivity shocks and the cost of entry, (ii) market structure, via changes to the number of potential competitors.
In this paper, we reconsider the link between immigration and labor income inequality using detailed micro and macro data for Norway.
We study the number, size, and location of a firm’s plants. The firm’s decision balances the benefit of delivering goods and services to customers using multiple plants with the cost of setting up and managing these plants, and the potential for cannibalization that arises as their number increases.
This paper explores the tradeoff between competition and financial inclusion given by the vertical integration between mobile network and money operators.
When employers face a trade-off between growing large and paying low wages — that is, when they have monopsony power — some productive employers will decide to acquire fewer customers, forgo sales, and remain small.
We provide an answer to why growth may slow even in the face of technological improvements. Our focus is on the role of intangible assets. Intangible assets are distinct from physical capital in that they are comprised by information that requires a storage medium.
We study how bank competition affects commercial lending using a quantitative model.