Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Branch banking, bank competition, and financial stability
Carlson, Mark A.; Mitchener, Kris James (2005)
It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios; however, previous empirical research on the Great Depression offers mixed support for this view. Analyses using state-level data find that states allowing branch banking had lower failure rates, while those examining individual banks find that branch banks were more likely to fail. We argue that an alternative hypothesis can reconcile these seemingly disparate findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and ...
Finance and Economics Discussion Series , Paper 2005-20

Working Paper
Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald (2013)
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller receives no better offers. Despite their prevalence in a variety of real world markets, asking prices have received little attention in the academic literature. We construct an environment with a few simple, realistic ingredients and demonstrate that using an asking price is optimal: it is the ...
Working Papers , Paper 13-07

Journal Article
Why is the U.S. share of world merchandise exports shrinking?
Mandel, Benjamin R. (2012-02)
As the U.S. share of the world goods trade slips from its level in the 1980s and 1990s, concerns have arisen that the productivity of U.S. exporters has not been growing as fast as that of foreign firms selling similar products. However, an analysis of industry-level trade data suggests that two other factors explain much of the drop in export share: the changing composition of the products traded internationally and the diminished share of U.S. GDP in global output. Declining relative productivity may have played a role in the early 2000s, but it has not been a large factor across industries ...
Current Issues in Economics and Finance , Volume 18 , Issue Feb

Conference Paper
Offshore financial regulatory competition: a force for modernization and for crisis
Kane, Edward J. (1998-09)
How policymakers frame an economic problem inevitably restricts the range of policy solutions they entertain. It is important to prevent restrictions on the range of policy options being explored from undermining the quality of policy performance. This implies that outside economists should challenge misframing whenever they see it. ; This paper contends that, at least in the financial press, policymakers and some economists are misframing two related problems in financial regulation. The first concerns the nature of the process by which financial modernization spreads from country to ...
Proceedings , Issue Sep

Working Paper
Entry and exit, product variety and the business cycle
Cooper, Russell W.; Chatterjee, Satyajit (1993)
Working Papers , Paper 93-30

Journal Article
Lack of competition: where it's found and how much it costs
Hannan, Timothy H. (1979-05)
Business Review , Issue May , Pages 5-11

Report
Does regulation reduce productivity? Evidence from regulation of the U.S. beet-sugar manufacturing industry during the Sugar Acts, 1934-74
Bridgman, Benjamin; Schmitz, James A.; Qi, Shi (2007)
We study the impact of regulation on productivity and welfare in the U.S. sugar manufacturing industry. While this U.S. industry has been protected from foreign competition for nearly 150 years, it was regulated only during the Sugar Act period, 1934-74. We show that regulation significantly reduced productivity, with these productivity losses leading to large welfare losses. Our initial results indicate that the welfare losses are many times larger than those typically studied ? those arising from higher prices. We also argue that the channels through which regulation led to large ...
Staff Report , Paper 389

Report
Capacity precommitment as a barrier to entry: a Bertrand-Edgeworth approach
Faith, Tom; Deneckere, Raymond; Allen, Beth; Kovenock, Dan (1995)
This paper considers the role of capacity as a strategic entry deterrent for a game in which the incumbent and entrant sequentially precommit to capacity levels before competing in price, possibly using mixed strategies. Depending on the magnitudes of the fixed set-up cost, the cost of capacity, and the relative costs of production, the model produces a wide spectrum of equilibrium behaviors, including some not previously suggested in the literature. Interesting deterrence effects occur because firms need time to build. In contrast to much previous work, the incumbent may hold idle capacity ...
Staff Report , Paper 187

Working Paper
Is airline price dispersion the result of careful planning or competitive forces?
Ross, Leola B.; Hayes, Kathy J. (1996)
Working Papers , Paper 9607

Conference Paper
Macroeconomic policy and long-run growth
Summers, Lawrence H.; DeLong, J. Bradford (1992)
Proceedings - Economic Policy Symposium - Jackson Hole

show more (2)

show more (21)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords