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We analyze the market impact of a partial vertical integration whereby a subset of retail firms acquire, through a private placement operation, a non-controlling stake in the capital of an upstream firm, which supplies an essential input. In addition, we assume that this upstream firm can price...
This study re-formulates and re-examines the traditional bilateral trade balance (TB) concept (ratio) in the USA-Mexico case using a different methodology. This re-examination is constructed on newly formulated decomposed-export-based TBs—namely, domestic-export-based TB and re-export-based TB....
In its heart, competition represents an important driver of productivity growth that has slowed in European countries since the financial crisis. This study examines the non-linear relationship between productivity growth and market power, using data on Central European manufacturing firms, from...
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