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Browsing ECO Articles by Author "MOTTA, Massimo"
Now showing items 1-20 of 20
Title:Acquisition of Information and Share Prices: An Empirical Investigation of Cognitive Dissonance
Author(s):ARGENTESI, Elena; LUETKEPOHL, Helmut; MOTTA, MassimoDate:2010Type of Publication:ArticleAbstract:This paper deals with the determinants of agents' acquisition of information. Our econometric evidence shows that the general index of Italian share-prices and the series of Italy's financial newspaper sales are cointegrated, ...
Title:Buyers' Miscoordination, Entry and Downstream Competition
Author(s):FUMAGALLI, Chiara; MOTTA, MassimoDate:2008Type of Publication:ArticleAbstract:This article shows that buyers' coordination failures might prevent entry in an industry with an incumbent firm and a more efficient potential entrant. If there were a single buyer, or if all buyers formed a central ...
Title:Mergers and national champions
Author(s):MOTTA, Massimo; RUTA, MicheleDate:2008Type of Publication:ArticleAbstract:The suspicion that national governments were in various forms promoting or defending domestic national champions (or discouraging foreign ones) arose in a long list of recent merger cases. This paper provides an analysis ...
Title:Exclusive Dealing and Entry, when Buyers Compete
Author(s):FUMAGALLI, Chiara; MOTTA, MassimoDate:2006Type of Publication:ArticleAbstract:Rasmusen et al. (1991) and Segal and Whinston (2000) show that an incumbent monopolist might prevent entry of a more efficient competitor by exploiting externalities among buyers. We show that their results hold only when ...
Title:Efficiency Gains and Myopic Antitrust Authority in a Dynamic Merger Game
Author(s):MOTTA, Massimo; VASCONCELOS, HelderDate:2005Type of Publication:ArticleAbstract:This paper uses an endogenous coalition formation game to derive an upper bound to industry concentration. The proposed coalitional stability concept assumes that firms are endowed with foresight in that they look ahead ...
Title:Foreign Direct Investments and Spillovers Through Workers' Mobility
Author(s):MOTTA, Massimo; FOSFURI, Andrea; RONDE, ThomasDate:2001Type of Publication:ArticleAbstract:We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later ...
Title:Country Asymmetries, Endogenous Product Choice and the Timing of Trade Liberalization
Author(s):CABRALES, Antonio; MOTTA, MassimoDate:2001Type of Publication:ArticleAbstract:We analyze the effects of trade liberalization on firms' decisions and profits in a vertical product differentiation model with countries which have different characteristics. Firms decide product specifications at the ...