scholarly journals Market structure, common ownership, and coordinated manager compensation

2020 ◽  
Vol 41 (7) ◽  
pp. 1262-1268
Author(s):  
Werner Neus ◽  
Manfred Stadler ◽  
Maximiliane Unsorg
Keyword(s):  
Market Structure ◽  
Common Ownership ◽  
Manager Compensation

scholarly journals Policy Implications of the Common Ownership Debate

2021 ◽  
Vol 66 (1) ◽  
pp. 140-149
Author(s):  
Eric A. Posner
Keyword(s):  
Corporate Governance ◽  
Market Structure ◽  
Capital Market ◽  
Policy Implications ◽  
Antitrust Enforcement ◽  
Policy Responses ◽  
Common Ownership ◽  
The Common

Empirical findings that common ownership is associated with anticompetitive outcomes including higher prices raise questions about possible policy responses. This comment evaluates the major proposals, including antitrust enforcement against common owners, regulation of corporate governance, regulation of compensation of management of portfolio firms, regulation of capital market structure, and greater antitrust enforcement against portfolio firms.

The Effects of Chains on the Measurement of Competition in the Nursing Home Industry

2017 ◽  
Vol 76 (3) ◽  
pp. 315-336 ◽  
Author(s):  
Richard A. Hirth ◽  
Qing Zheng ◽  
David C. Grabowski ◽  
David G. Stevenson ◽  
Orna Intrator ◽  
...  
Keyword(s):  
United States ◽  
Nursing Home ◽  
Nursing Homes ◽  
Market Structure ◽  
Market Power ◽  
The United States ◽  
Local Market ◽  
Common Ownership ◽  
Fixed Radius

Consistently accounting for more than 50% of the nursing homes in the United States, corporate chains have played an important role in the industry for several decades. However, few studies have explicitly considered the role of chains in measuring competition in nursing home markets. In this study, we use a newly developed database tracking common ownership over a period of nearly two decades to compare chain-adjusted and unadjusted measures of competition at the county and 25 km fixed-radius levels and explore how the differences would affect the assessment of local market structure. On average, the chain-adjusted Herfindahl–Hirschman Indexes (HHIs) are about 0.02 higher than the unadjusted HHIs. Each year, about 20% to 22% of the counties would appear more concentrated when recalculating HHIs accounting for common ownership. Evidence suggests that nursing home chains tend to focus more on expanding access to new markets within a state than to increasing market power within a smaller local market.

Contract institutions in the Russian economy: The sphere of state, municipal, and regulated procurement

2017 ◽  
pp. 93-110 ◽  
Author(s):  
O. Anchishkina
Keyword(s):  
Economic Growth ◽  
Theoretical Model ◽  
Market Structure ◽  
Market Equilibrium ◽  
Statistical Evidence ◽  
Market Model ◽  
Market Behavior ◽  
Database Analysis ◽  
Russian Economy ◽  
Contracting Model

The article synthesizes information on database analysis of state, municipal, and regulated procurement through which Russian contract institutions and the market model are investigated. The inherent uncertainty of quantity indicators on contracting activities and process is identified and explained. The article provides statistical evidence for heterogeneous market structure in state and municipal procurement, and big player’s dominance. A theoretical model for market behavior, noncooperative competition and collusion is proposed, through which the major trends are explained. The intrinsic flaws and failure of the current contracting model are revealed and described. This ineffectiveness is regarded to be not a limitation, but a challenge to be met. If responded to, drivers for economic growth and market equilibrium will be switched on.

Investment Research and Market Structure—Today and Tomorrow

1972 ◽  
Vol 28 (1) ◽  
pp. 24-28
Author(s):  
Walter P. Stern ◽  
William C. Norby
Keyword(s):  
Market Structure

HIGH-TECH/LOW-TECH INDUSTRIES AND THE STRUCTURE-PERFORMANCE RELATIONSHIP WITHIN MEXICAN MANUFACTURES

2017 ◽  
Vol 3 (5) ◽  
pp. 45
Author(s):  
Dmitri Fujii
Keyword(s):  
Discriminant Analysis ◽  
Market Structure ◽  
Recent Literature ◽  
High Tech ◽  
Technological Capabilities ◽  
Empirical Application ◽  
Empirical Results ◽  
Statistical Robustness ◽  
Analysis Technique

Recent literature on Mexican industry has emphasized its uneven sectorial development: some sectors have been successful, while the rest remain well behind. Given these circumstances, the present paper proposes a particular division for Mexican industry in High-Tech and Low-Tech sectors. This division is based on technological capabilities for a particular sample of industries during the nineties and verified for statistical robustness using the discriminant analysis technique. Finally, the division is used for an empirical application in terms of profitability and market structure. The empirical results reveal a diverse behaviour of the High-Tech and Low-Tech groups.

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