Search results for "Nonmarket forces"
showing 7 items of 7 documents
EXPLANATORY FACTORS OF MARKET POWER IN THE BANKING SYSTEM
2007
The aim of the study is to analyse the explanatory factors of market power in the banking system. Using as laboratory the Spanish banking system in the period 1986–2002, results show an increase of market power from the mid-1990s. Of the set of variables that the model posits as explaining market power, those with the greatest explanatory power are size, efficiency and specialization; concentration is not significant. This last result shows the limitations of the approaches, studies and decision-making rules of economic policy that uses market concentration as a proxy for the degree of competition.
Port–City Relationship and the Environment: Literature Survey and Methodological Approach for Project Appraisal in Presence of Environmental External…
2015
AbstractIn times of increasing environmental awareness, the port–city relationship has gained new meaning because ports have been seen as the origin of both negative and positive externalities affecting public welfare. While the former are the result of port expansion, the latter are the result of transforming obsolete port areas into recreational facilities. Therefore, to support effective policymaking, this paper considers the following question: What is the scope of economic valuation of these externalities in the context of port-project appraisal? Considering their nonmarket nature, which makes economic valuation more difficult, a contingent valuation method is introduced as an economic…
The nonmarket benefits of redeveloping dockland areas for recreational purposes: the case of Castellón, Spain
2003
As a consequence of the decline of central harbour sites and the relocation of port activities to the outskirts of cities, today waterfront redevelopment has become a key issue in the urban revitalisation policies of port cities. Although we are aware that city-port regeneration has strong links with the real estate market, our purpose here is very different. In particular, the contingent valuation method (CVM) has been applied in order to obtain the nonmarket benefits of the environmental and urban improvements derived from redeveloping some port-related areas for recreational and leisure purposes in the city of Castelloèn, Spain. To date, no previous study has attempted to apply this meth…
Market empowerment of the patient: the French experience.
2011
Through analysis of the French experience, this article explores the way economic policy has sought to encourage active, well-informed patients by giving them market power. The new status of the patient as consumer is based on two foundations: the endeavour to build a healthcare market and the activation of demand-based policies. The keystone of this new system is a conception of the market as a process constructed by economic policy. Recent measures such as the standardization of care and the introduction of incentives to respect a treatment pathway then constitute effective levers to establish a free-market rationale.
The evolution of market power in European banking
2017
This paper analyses the effect that European financial market integration has had on the evolution of the banks' market power disparities. The results show that market power disparity has narrowed among eurozone banks. The reduction is attributable to the convergence in the average levels of market power of the European banking sectors. In contrast, the disparities observed within each country have remained stable. As a result, the measures adopted to advance towards a single banking market should be complemented by measures at the national level designed to intensify competition among the banks within a given country.
Market entry decisions of US small and medium‐sized software firms
2008
PurposeThe purpose of this paper is to investigate market entry decisions of the US software SMEs by analyzing the impact of the most obvious factors (cultural distance, geographical distance, country risk, and three market size variables) in traditional internationalization theories to target country selection. By investigating the influence of these commonly cited macro‐level factors, this study proposes the best indicator for market entry decisions of the US small and medium‐sized software firms.Design/methodology/approachThis study uses a quantitative research approach applied to a sample of 100 US small and medium‐sized software firms.FindingsEmpirical findings in this study indicate t…
Social Networks and Labour–Education Market System
2015
Two facts about human beings are widely accepted: they are social creatures and they behave in a bounded rational way. In particular, this results in substantial use of social networks in individual decision-making. Before dealing with the issues of modelling individual behaviour in the labour–education market system, we have to recall some empirical facts known from the literature about this behaviour. This is exactly what this chapter provides.