L - Industrial Organization - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-19T13:24:14+00:00The Role of Long-Term Contracting in Business Lending
https://www.bankofcanada.ca/2024/02/staff-working-paper-2024-2/
This paper examines inefficiencies arising from a lack of long-term contracting in small business lending in China.2024-02-02T14:43:15+00:00enThe Role of Long-Term Contracting in Business Lending2024-02-02Financial institutionsStaff Working Paper 2024-2https://www.bankofcanada.ca/wp-content/uploads/2024/02/swp2024-02.pdfThe Role of Long-Term Contracting in Business LendingPhoebe TianFebruary 2024DD8D83D86GG2G21LL1L14L2L26Market structure of cryptoasset exchanges: Introduction, challenges and emerging trends
https://www.bankofcanada.ca/2024/01/staff-analytical-note-2024-2/
This paper provides an overview of cryptoasset exchanges. We contrast their design with exchanges in traditional financial markets and discuss emerging regulatory trends and innovations aimed at solving the problems cryptoasset exchanges face.2024-01-30T13:56:10+00:00enMarket structure of cryptoasset exchanges: Introduction, challenges and emerging trends2024-01-30Testing Collusion and Cooperation in Binary Choice Games
https://www.bankofcanada.ca/2023/11/staff-working-paper-2023-58/
This paper studies the testable implication of players’ collusive or cooperative behaviour in a binary choice game with complete information. I illustrate the implementation of this test by revisiting the entry game between Walmart and Kmart.2023-11-27T11:56:12+00:00enTesting Collusion and Cooperation in Binary Choice Games2023-11-27Econometric and statistical methodsMarket structure and pricingStaff Working Paper 2023-58https://www.bankofcanada.ca/wp-content/uploads/2023/11/swp2023-58.pdfTesting Collusion and Cooperation in Binary Choice GamesErhao XieNovember 2023CC5C57LL1L13Digitalization: Prices of Goods and Services
https://www.bankofcanada.ca/2023/10/staff-discussion-paper-2023-27/
This paper outlines and assesses the various channels through which digitalization can affect prices of goods and services.2023-10-31T13:26:19+00:00enDigitalization: Prices of Goods and Services2023-10-31DigitalizationInflation and pricesMarket structure and pricingMonetary policyStaff Discussion Paper 2023-27https://www.bankofcanada.ca/wp-content/uploads/2023/10/sdp2023-27.pdfDigitalization: Prices of Goods and ServicesVivian ChuTatjana DahlhausChristopher HajzlerOctober 2023DD2EE3E31E5E52LL1L11Identifying Nascent High-Growth Firms Using Machine Learning
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-53/
Firms that grow rapidly have the potential to usher in new innovations, products or processes (Kogan et al. 2017), become superstar firms (Haltiwanger et al. 2013) and impact the aggregate labour share (Autor et al. 2020; De Loecker et al. 2020). We explore the use of supervised machine learning techniques to identify a population of nascent high-growth firms using Canadian administrative firm-level data.2023-10-16T15:24:11+00:00enIdentifying Nascent High-Growth Firms Using Machine Learning2023-10-16Econometric and statistical methodsFirm dynamicsStaff Working Paper 2023-53https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-53.pdfIdentifying Nascent High-Growth Firms Using Machine LearningStephanie HouleRyan MacdonaldOctober 2023CC5C55C8C81LL2L25Intermediary Market Power and Capital Constraints
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-51/
We examine how intermediary capitalization affects asset prices in a framework that allows for intermediary market power. We introduce a model in which capital-constrained intermediaries buy or trade an asset in an imperfectly competitive market, and we show that weaker capital constraints lead to both higher prices and intermediary markups.2023-10-04T14:39:48+00:00enIntermediary Market Power and Capital Constraints2023-10-04Financial institutionsMarket structure and pricingStaff Working Paper 2023-51https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-51.pdfStaff Working Paper 2023-51Jason AllenMilena WittwerOctober 2023DD4D40D44GG1G12G18G2G20LL1L10Competition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China
https://www.bankofcanada.ca/2023/08/staff-working-paper-2023-43/
This paper studies the music streaming industry and argues that having exclusive rights granted by copyright law drives firms to offer exclusive content to lock in customers. I employ theoretical and descriptive empirical analysis, along with a dynamic structural model, to support the argument and explore policies for improving competition.2023-08-16T11:11:34+00:00enCompetition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China2023-08-16Econometric and statistical methodsFirm dynamicsMarket structure and pricingStaff Working Paper 2023-43https://www.bankofcanada.ca/wp-content/uploads/2023/08/swp2023-43.pdfStaff Working Paper 2023-43Youming LiuAugust 2023LL1L13L4L42L5L51Digitalization: Productivity
https://www.bankofcanada.ca/2023/08/staff-discussion-paper-2023-17/
We examine the relationship between digitalization and productivity, the factors that influence this relationship, and how digitalization’s effect on productivity could change firm behaviour.2023-08-15T12:02:19+00:00enDigitalization: Productivity2023-08-15DigitalizationProductivityStaff Discussion Paper 2023-17https://www.bankofcanada.ca/wp-content/uploads/2023/08/sdp2023-17.pdfStaff Discussion Paper 2023-17Jeffrey MollinsTemel TaskinAugust 2023EE2LL1L11OO4O47O5O51Flagship Entry in Online Marketplaces
https://www.bankofcanada.ca/2023/08/staff-working-paper-2023-41/
In this paper, we empirically study how flagship entry in an online marketplace affects consumers, the platform, and various sellers on the platform. We find flagship entry may benefit consumers by expanding the choice set, by intensifying price competition within the entry brand, and by improving consumer perception for parts of the platform.2023-08-15T11:52:26+00:00enFlagship Entry in Online Marketplaces2023-08-15Economic modelsMarket structure and pricingStaff Working Paper 2023-41https://www.bankofcanada.ca/wp-content/uploads/2023/08/swp2023-41.pdfFlagship Entry in Online MarketplacesGinger Zhe JinZhentong LuXiaolu ZhouLu FangAugust 2023DD4LL1L8The contribution of firm profits to the recent rise in inflation
https://www.bankofcanada.ca/2023/08/staff-analytical-note-2023-12/
We measure the contribution to inflation from the growth in markups of Canadian firms. The dynamics of inflation and markups suggest that changes in markups could account for less than one-tenth of inflation in 2021. Further, they suggest that peak inflation was driven primarily by changes in the costs of firms.2023-08-01T12:00:51+00:00enThe contribution of firm profits to the recent rise in inflation2023-08-01