Several competition authorities have accused petrol retailers of engaging in collusive conduct, which results in alleged "excessive" prices as well as simultaneous price setting across filling stations. However, petrol retailers must exert a substantial amount of market power if they are to dampen competition. Therefore, we propose a method within the spirit of the New-Empirical-Industrial-Organisation, which allows estimating market power held by petrol retailers in terms of a conduct parameter. Based on data for Switzerland, our empirical results suggest a low level of market power held by Swiss petrol retailers.
... substantial tax increase in 1993 with inflation tending, however, to decrease the real tax burden ...(CHF) by dividing through the consumer price index (May 2000 = 100) and the nominal exchange rate. Ec...
... l'évolution du taux de rendement de l'index du marché des actions le plus reconnu du pa... d20190153uvre, les évolutions de l'inflation et des taux de change. . 4 Les données comparati...
...Dollar index (DXY), driven by the negative technical trend and ..., and strategies for credit and inflation risks. . Commodities . The International Monetary ...
... l'évolution du taux de rendement de l'index du marché des actions le plus reconnu du pa... d20190153uvre, les évolutions de l'inflation et des taux de change. . 4 Les données comparati...
Regeste Arbeitsvertrag; vorbehaltene Form für die Kündigungserklärung; Kündigung während einer Sperrfrist und vertragliche Regelung der Vertragsbeendigung; Auslegung von Vertragsklauseln den Lohn betreffend (Art. 16, 18, 335c und 336c OR). Ob die für die Kündigung des Arbeitsvertrages vorbehaltene Form - hier der eingeschriebene Brief - Gültigkeitsvoraussetzung bildet, ist durch Vertragsauslegung zu bestimmen (E. 2a und b). Da die während einer Sperrfrist ausgesprochene Kündigung nichtig ist, muss sie vom Arbeitgeber nach Fristablauf und unter Einhaltung der vertraglich vereinbarten Regeln betreffend Beendigung des Arbeitsverhältnisses wiederholt werden (E. 3a und b). Auslegung einer Index-Klausel und einer Klausel, mit der ein Mindest-Nettolohn garantiert wird (E. 3c und d). ********...
..., si elle n'était pas indexée, avec l'inflation année après année. D'un autre côté, force est...
... eingefrorener Betrag verliert inflationsbedingt über die Jahre an Realwert und «verkleinert» si... Verdienstes und einen Indexierungsstopp bei den Renten während der nächsten . 5 Jahre f...
Real exchange rates are a major short-run determinant of any country's capacity to compete. In this paper, we compute a unit-labour-costs-based real exchange rate for Switzerland for the period 1980-2006. This study uses manufacturing sector data on wages and labour productivity in Switzerland and twelve of its major trade partners and present detailed findings on relative labour costs and relative productivity trends. Our main findings are that, measured in these terms, the Swiss real exchange rate depreciated by some 9% in the period under analysis and that this improvement in competitiveness is essentially due to Swiss wage moderation. At a bilateral level, results highlight diverging trends: a significant gain of competitiveness is observed vis-à-vis Germany, Italy, the UK, Spain, A...
... real exchange rate in which labour costs indexes replace the consumer price index (CPI). In this pa... often eroded by an increase in domestic inflation. Hence, focusing on nominal exchange rates disrega...
... recettes fiscales, voire hausse de l'inflation) font actuellement l'objet d'un âpre débat. Pers...Selon le Failed States Index établi par l'institut de recherche The Fund for P...
... active companies dominate the large-cap SMI index, with even partially state-owned Swisscom booking ... gained in value, as a result of inflation rate differentials with other countries. This has ...
.... "The trade-weighted index shows marginal depreciation of about one per cent-..., which look solid with a very benign inflation path and strong economic growth for the fourth yea...
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