We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...

There can be no doubt that the FANG companies – Facebook, Amazon, Netflix and Google, as well as Twitter – have transformed society since their emergence. Like all social transformations, the changes wrought by their services have had ripple effects that are both positive and negative. On...

Facebook, Amazon, Netflix and Google, as well as Twitter – the FANG companies – have transformed society with both positive and negative effects. Soaring consumer access to information, news, social networks, and entertainment has been stimulated by the ever-more ubiquitous and falling...

Tourism has long been important part of the economy. Specifically, it serves as a kind of resource that performs a significant role in national economies. With the rise of globalization, cross-border tourism has grown and induced intense competition among counties. The present paper highlights...

The role of intermediaries in innovation processes has been analyzed in the literature from a dual point of view of the firm's performances. Being considered actors involved in the knowledge diffusion and technology transfer, intermediaries are considered collaborators of small and large...