منابع مشابه
Do Underwriters Compete in IPO Pricing?
We propose and implement, for the first time, a direct test of the hypothesis of oligopolistic competition in the U.S. underwriting market against the alternative of implicit collusion in IPO price setting. We construct two models of an IPO underwriting market: in the first one IPO underwriters set their fees competitively, while in the second one they coordinate (collude) in setting fees. The ...
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Immigrants have long been perceived to take jobs away and to push down the wages of native workers. Given that the recent bout of Latin American immigration in the 1980s and 1990s coincided with the fall in earnings and employment of the less skilled, it is not surprising that, like previous immigration waves, recent Latin American immigration is sometimes blamed for the misfortunes of less ski...
متن کاملDo Small Firms Compete with Large Firms?
Despite the pervasive phenomenon of scale economies the majority of firms has always been small firms. The emergence of small firms as a means of economic development on both sides of the Atlantic has been one of the major new topics of economic policy since the 1980s. This has drawn renewed attention to the question of how small firms are able to exist. The theories of strategic niches and dyn...
متن کاملWhen schools compete, how do they compete? An assessment of Chile's nationwide school voucher program
In 1981, Chile introduced nationwide school choice by providing vouchers to any student wishing to attend private school. As a result, more than 1,000 private schools entered the market, and the private enrollment rate increased by 20 percentage points, with greater impacts in larger, more urban, and wealthier communities. Using di erences across roughly 300 municipalities, we show that the rst...
متن کاملSocial networking tools and research information systems: Do they compete?
Current developments in the area of research information have led to two different kinds of systems dealing with research-related information: Social networking tools for researchers have reached public attention through reports in mass as well as popular scientific media. Rather hidden from the public focus, universities and governments have pushed the implementation of institutional and natio...
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1994
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02928169