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The contribution of this paper is twofold. First, it presents the results of a "history-friendly" simulation model of evolution of the pharmaceutical industry. Second, it aims at contributing to a more general methodological discussion about agent-based mo ...
We use a dynamic cash management model in which firms face competitive pressure to show that product market competition increases the cash holdings as well as the size and frequency of equity issues of financially constrained firms. We test these predictio ...
In recent decades, the European postal industry has undergone profound reforms, which aim to promote competition while simultaneously maintaining a high level of universal services for consumers. It is often put forth that market opening and the emergence ...
With the new EU legislature, the track management and the Train Operating Companies (TOCs) have to be separated subjects and hence allowing the private sector to enter the market (also called as liberalization of railways). Up to this point, the market was ...
Several regulatory changes in Europe's electricity sector have stimulated competition in the market. National power companies, with monopolistic structures, have evolved into competitive entities, creating increased choices for consumers. Electricity price ...
This paper presents a game-theoretic model of a liberalized railway industry in which train operation and ownership of infrastructure is fully vertically separated. The objective of this paper is to analyze how the regulatory agency will socially optimal s ...
Coopetition has been defined as an approach to managing that combines competition and cooperation. It transcends the traditional paradigms of competition and cooperation in an effort to achieve the advantages of both. As an inter-organizational relationshi ...
Water demand for hydropower production has been increasing along with a growing awareness of the importance of preserving riparian ecosystems and their biodiversity. Some Cantons in Switzerland have begun replacing the inadequate concept of Minimum Flow Re ...
This dissertation consists of three chapters. The first chapter empirically investigates how the intensity of product market competition affects the cost of debt. Using a large sample of loans to publicly traded US manufacturing firms, the chapter provides ...
Coopetition has been defined as an approach to managing that combines competition and cooperation. Coopetition transcends the traditional paradigms of competition and cooperation in an effort to achieve the advantages of both. As an inter-organizational re ...