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Displaying results 1 to 5 of 5.

  1. Entry regulation and competition evidence from retail and labor markets of pharmacists
    Author: Rostam-Afschar, Davud; Unsorg, Maximiliane
    Published: June 20, 2021
    Publisher:  Verein für Socialpolitik, [Köln]

    We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DSM 13
    Inter-library loan:
    No inter-library loan

     

    We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry rates for expanding firms. These firms can double revenues but not profits after three years. We show that the increase of the number of employees by 50% after five years and the higher overall employment in the local markets, which increased by 40%, can be attributed to the deregulation.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/242426
    Series: Jahrestagung 2021 / Verein für Socialpolitik ; 100
    Subjects: regulation; acquisitions; entry; market concentration; wages; employment; pharmacists
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  2. Market structure, common ownership and coordinated manager compensation
    Author: Neus, Werner; Stadler, Manfred; Unsorg, Maximiliane
    Published: March 2020
    Publisher:  Universitätsbibliothek Tübingen, Tübingen

    We study oligopolistic competition in product markets where the firms’ quantity decisions are delegated to managers. Some firms are commonly owned by shareholders such as index funds whereas the other firms are owned by independent shareholders.... more

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    Location:
    Universitätsbibliothek der Eberhard Karls Universität
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    We study oligopolistic competition in product markets where the firms’ quantity decisions are delegated to managers. Some firms are commonly owned by shareholders such as index funds whereas the other firms are owned by independent shareholders. Under such an asymmetric ownership structure, the common owners have an incentive to coordinate when designing the manager compensation schemes. This implicit collusion induces a less aggressive output behavior by the coordinated firms and a more aggressive behavior by the noncoordinated firms. The profits of the noncoordinated firms are increasing in the number of coordinated firms. The profits of the coordinated firms exceed the profits without coordination if at least 80 % of the firms are commonly owned - an astonishing resemblance to the merger literature.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10900/99149
    hdl: 10419/215412
    Series: University of Tübingen Working Papers in Business and Economics ; no. 133
    Subjects: Eigentum; Indexfonds
    Scope: 1 Online-Ressource (circa 18 Seiten), Illustrationen
  3. Entry regulation and competition
    evidence from retail and labormarkets of pharmacists
    Author: Rostam-Afschar, Davud; Unsorg, Maximiliane
    Published: 2021
    Publisher:  University of Hohenheim, Dean's Office of the Faculty of Business, Economics and Social Sciences, Stuttgart, Germany

    We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affliated stores. This partial... more

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    Universitätsbibliothek Braunschweig
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
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    We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affliated stores. This partial deregulation of multi-store prohibition reduced the cost of firm expansion substantially and provides the basis for our analysis. We develop a theoretical model that suggests that the general limitation of the total store number per firm to four is excessively restrictive. Firms with high managerial effciency will open more stores per furm and have higher labor demand. Our empirical analysis uses very rich information from the administrative panel data on the universe of pharmacies from 2002 to 2009 and their affiliated stores matched with survey data, which provide additional information on the characteristics of expanding firms before and after the reform. We find a sharp immediate increase in entry rates, which continues to be more than five-fold of its pre-reform level after five years for expanding firms. Expanding firms can double revenues but not profits after three years. We show that the increase of the number of employees by 50% after five years and the higher overall employment in the local markets, which increased by 40%, can be attributed to the deregulation.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/235531
    Series: Hohenheim discussion papers in business, economics and social sciences ; 2021, 03
    Subjects: Arzneimittelmarkt; Deregulierung; regulation; acquisitions; entry; market concentration; wages; employment; pharmacists
    Scope: 1 Online-Ressource (30 Seiten)
  4. Entry regulation and competition
    evidence from retail and labor markets of pharmacists
    Author: Rostam-Afschar, Davud; Unsorg, Maximiliane
    Published: 2021
    Publisher:  Global Labor Organization (GLO), Essen

    We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affiliated stores. This partial... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Universitätsbibliothek Braunschweig
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 565
    Inter-library loan:
    No inter-library loan

     

    We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affiliated stores. This partial deregulation of multi-store prohibition reduced the cost of firm expansion substantially and provides the basis for our analysis. We develop a theoretical model that suggests that the general limitation of the total store number per firm to four is excessively restrictive. Firms with high managerial efficiency will open more stores per firm and have higher labor demand. Our empirical analysis uses very rich information from the administrative panel data on the universe of pharmacies from 2002 to 2009 and their affiliated stores matched with survey data, which provide additional information on the characteristics of expanding firms before and after the reform. We find a sharp immediate increase in entry rates, which continues to be more than five-fold of its pre-reform level after five years for expanding firms. Expanding firms can double revenues but not profits after three years. We show that the increase of the number of employees by 50% after five years and the higher overall employment in the local markets, which increased by 40%, can be attributed to the deregulation.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/233874
    Series: GLO discussion paper ; no. 836
    Subjects: regulation; acquisitions; entry; market concentration; wages; employment; pharmacists
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  5. The perpetual trouble with network products
    why IT firms choose partial compatibility
    Author: Stadler, Manfred; Tobler Trexler, Céline; Unsorg, Maximiliane
    Published: 2021
    Publisher:  Universitätsbibliothek Tübingen, Tübingen

    Compatibility of network products is an important issue in markets for communication technology as well as hard- and software products. Empirical findings suggest that firms competing in these markets typically choose intermediate degrees of product... more

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    Location:
    Universitätsbibliothek der Eberhard Karls Universität
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    Compatibility of network products is an important issue in markets for communication technology as well as hard- and software products. Empirical findings suggest that firms competing in these markets typically choose intermediate degrees of product compatibility. We present a strategic two-stage game of two firms deciding strategically or commonly on the degree of product compatibility in the first stage and on prices in the second stage. Indeed, partial compatibility constitutes a subgame perfect Nash equilibrium when coordination costs of standardization are high and the installed bases are low.

     
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    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10900/117858
    hdl: 10419/237732
    Series: University of Tübingen Working Papers in Business and Economics ; No. 150
    Subjects: Wirtschaftswissenschaften; Compatibility; Network Products; Network Effects
    Scope: 1 Online-Ressource (15 Seiten)