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The Impact of Maximum Markup Regulation on Prices

Genakos, Christos; Koutroumpis, Pantelis; Pagliero, Mario - Centre for Economic Performance, LSE - 2014

We study the repeal of a regulation that imposed maximum wholesale and retail markups for all but five fresh fruits and vegetables. We compare the prices of products affected by regulation before and after the policy change and use the unregulated products as a control group. We find that...

Persistent link: https://www.econbiz.de/10010945134

Is There a Market for Work Group Servers? Evaluating Market Level Demand Elasticities Using Micro and Macro Models

Reenen, John Van - Centre for Economic Performance, LSE - 2004

This paper contains an empirical analysis demand for "work-group" (or low-end) servers. Servers are at thecentre of many US and EU anti-trust debates, including the Hewlett-Packard/Compaq merger and investigationsinto the activities of Microsoft. One question in these policy decisions is whether...

Persistent link: https://www.econbiz.de/10005150985

Productivity, Exporting and the Learning-by-Exporting Hypothesis: Direct Evidence from UK Firms

Crespi, Gustavo; Criscuolo, Chiara; Haskel, Jonathan - Centre for Economic Performance, LSE - 2006

Case study evidence suggests that exporting firms learn from their clients. But econometric evidence, mostly using exporting and TFP growth, is mixed. We use a UK panel data set with firm-level information on exporting and productivity. Our innovation is that we also have direct data on the...

Persistent link: https://www.econbiz.de/10005151073

The Impact of Integration on Productivity and Welfare Distortions Under Monopolistic Competition

Dhingra, Swati; Morrow, John - Centre for Economic Performance, LSE - 2012

A fundamental question in monopolistic competition theory is whether the market allocates resources efficiently. This … distortions of imperfect competition. After determining the nature of market distortions, we investigate how integration may serve … as a remedy to imperfect competition. Both market distortions and the impact of integration depend on two demand side …

Persistent link: https://www.econbiz.de/10009651299

Incentives for Quality over Time - The Case of Facebook Applications

Claussen, Jörg; Kretschmer, Tobias; Mayrhofer, Philip - Centre for Economic Performance, LSE - 2012

We study the market for applications on Facebook, the dominant platform for social networking and make use of a rule change by Facebook by which high-quality applications were rewarded with further opportunities to engage users. We find that the change led to quality being a more important...

Persistent link: https://www.econbiz.de/10009652381

Managerial Incentives and Compensation in a Global Market

Wu, Yanhui - Centre for Economic Performance, LSE - 2011

less productive firms use a lowered- powered one. International trade within an industry enhances market competition …

Persistent link: https://www.econbiz.de/10009220234

A Simple Theory of Managerial Talent, Pay Contracts and Wage Distribution

Wu, Yanhui - Centre for Economic Performance, LSE - 2011

This paper develops a simple theory of pay structures and pay levels across heterogeneous agents by bringing together optimal contracts inside the firm and competitive resource allocation in the market. The central idea is that more talented people tend to create greater value but face larger...

Persistent link: https://www.econbiz.de/10009220237

Does Competition Improve Public Hospitals' Efficiency? Evidence from a Quasi-Experiment in the English National Health Service

Cooper, Zack; Gibbons, Stephen; Jones, Simon; McGuire, … - Centre for Economic Performance, LSE - 2012

This paper uses a difference-in-difference style estimation strategy to test separately the impact of competition from … reforms forced public sector health care providers to compete with other public hospitals and eventually to face competition … efficiency. Our results suggest that competition between public providers prompted public hospitals to improve their productivity …

Persistent link: https://www.econbiz.de/10009649754

Monopolistic Competition and Optimum Product Selection: Why and How Heterogeneity Matters

Nocco, Antonella; Ottaviano, Gianmarco I. P.; Salto, Matteo - Centre for Economic Performance, LSE - 2013

After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has …

Persistent link: https://www.econbiz.de/10010643191

Does Hospital Competition Improve Efficiency? An Analysis of the Recent Market-Based Reforms to the English NHS

Cooper, Zack; Gibbons, Steve; Jones, Simon; McGuire, … - Centre for Economic Performance, LSE - 2010

competition in the English NHS in January 2006 has prompted hospitals to become more efficient. Efficiency was measured using … results illustrate that hospitals exposed to competition after a wave of market-based reforms took steps to shorten the time … results suggest that hospital competition within markets with fixed prices can increase hospital efficiency. …

Persistent link: https://www.econbiz.de/10008542746