| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2359 |
| DP2359 Conflict of Interest in Universal Banking: Bank Lending, Stock Underwriting, and Fund Management | |
| Oved Yosha; YIshay Yafeh; Hedva Ber | |
| 发表日期 | 2000-01-31 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper examines the impact of firms' conduct on market structure. It studies the evolution of concentration in UK manufacturing following the abolition of cartels using a theoretical framework based on Sutton's theory of market structure and a panel data set of four-digit industries over 1958-1977. The econometric results suggest that the intensity of price competition has a positive impact on concentration in exogenous sunk cost industries as well as in advertising-intensive and R&D-intensive industries. The concentration-market size relationship, while negative in exogenous sunk cost industries, breaks down in industries with high advertising or R&D intensity. |
| 主题 | Industrial Organization |
| 关键词 | Cartels Exogenous and endogenous sunk costs Market structure Price competition Uk manufacturing |
| URL | https://cepr.org/publications/dp2359 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531449 |
| 推荐引用方式 GB/T 7714 | Oved Yosha,YIshay Yafeh,Hedva Ber. DP2359 Conflict of Interest in Universal Banking: Bank Lending, Stock Underwriting, and Fund Management. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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