Whelan, Ciara(Statistical and Social Inquiry Society of Ireland, 2003)
There is a long history of mapping market structure into market power in economic analysis. This paper addresses the validity of this principle for both homogenous and differentiated products industries. While mapping ...
Thresholds defined on the level and change in the HHI (Herfindahl-Hirschmann Index) applied to market shares seem to be the main instrument to select notified mergers for investigation in both the EU and
US. We question ...
Calvo-style models of nominal rigidities currently provide the dominant paradigm for understanding the linkages between wage and price dynamics. Recent empirical implementations stress the idea that these models link ...
Woodford (2001) has presented evidence that the new-Keynesian Phillips curve fits the empirical behavior of inflation well when the labor income share is used as a driving variable, but fits poorly when deterministically ...
We characterize optimal IPO design in the presence of distinct adverse selection problems: one affecting the IPO stage and one arising in the after-market. Allocating shares to an investor with superior information in the ...
Sutton (1998) offers us a simple way to model firm size distributions across differentiated products industries. We analyse the implications of this approach for company markups using a structural model for a specific ...
We explicitly model the vertical spillovers that result from imperfections in both labour and product markets. We model the vertical spillovers from wage determination in an upstream labour market to market share performance ...
Following a preliminary discussion of various aspects of the Irish "regional problem", this paper examines the evolution of employment shares, unemployment rates, wage levels, and interregional commuting patterns in the ...
The excess returns earned by takeover targets raises questions of efficiency in the market
for corporate control. Brown and Raymond and Samuelson and Rosenthal explain the target
share pricing process as a function of ...