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The impact of maximum markup regulation on prices

Genakos, Christos; Koutroumpis, Pantelis; Pagliero, Mario - London School of Economics (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/10011126261

Trade liberalization and industrial restructuring through mergers and acquisitions

Breinlich, Holger - London School of Economics (LSE) - 2006

This paper analyzes mergers and acquisitions (M&A) as a previously neglected channel of industrial restructuring in the face of trade liberalization. Using the Canada-United States Free Trade Agreement of 1989 as a natural experiment, I show that trade liberalization leads to a significant...

Persistent link: https://www.econbiz.de/10010745235

Interoperability and market foreclosure in the European Microsoft case

Kuhn, Kai Uwe; Van Reenen, John - London School of Economics (LSE) - 2008

In this paper we discuss some of the most important economic issues raised in European Commission vs. Microsoft (2004 … Microsoft had incentives to exclude rivals in the work group server market through degrading the interoperability of their … and argue that the effects on innovation are not unambiguously negative as Microsoft claim. We conclude with some general …

Persistent link: https://www.econbiz.de/10010746007

Capacity constraints and irreversible investments: defending against collective dominance in UPM Kymmene/Norske Skog/Haindl

Kühn, Kai-Uwe; Van Reenen, John - London School of Economics (LSE) - 2008

Scrutiny of potential mergers by the European Commission often focuses on unilateral effects or single firm dominance. But some cases have involved concerns over coordinated effects: the concern that the merger could increase the likelihood of consumer harm through tacit collusion by the reduced...

Persistent link: https://www.econbiz.de/10011071163

Is there a market for work group servers? Evaluating market level demand elasticities using micro and macro models

Van Reenen, John - London School of Economics (LSE) - 2004

many US and EU anti-trust debates, including the Hewlett-Packard/Compaq merger and investigations into the activities of … Microsoft. One question in these policy decisions is whether a high share of work servers indicates anything about shortrun … sufficiently low to imply a distinct “anti-trust” market for work group servers and their operating systems. It is unsurprising …

Persistent link: https://www.econbiz.de/10011071318

The growth of network computing : quality adjusted price changes for network servers

Van Reenen, John - London School of Economics (LSE) - 2005

In this paper we investigate the evolution of quality adjusted prices for servers motivated by two facts. First, the productivity acceleration in the US economy since the mid 1990s is closely linked to spread of information technology of which networked computing is a large component. Second,...

Persistent link: https://www.econbiz.de/10011071546

Can labour regulation hinder economic performance? Evidence from India

Besley, Timothy; Burgess, Robin - London School of Economics (LSE) - 2002

This paper investigates whether the industrial relations climate in Indian States has affected the pattern of manufacturing growth in the period 1958-92. We show that pro-worker amendments to the Industrial Disputes Act are associated with lowered investment, employment, productivity and output...

Persistent link: https://www.econbiz.de/10010928668

Land markets and land market regulation : progress towards understanding

Cheshire, P. C.; Sheppard, Stephen Charles - London School of Economics (LSE) - 2004

We introduce the papers in this volume and put them into the context of the literature on land use regulation. We then synthesise and draw some conclusions from existing research on land use regulation and interpret the evidence currently available. In the light of this review we then identify...

Persistent link: https://www.econbiz.de/10010745368

Pollution permits, strategic trading and dynamic technology adoption

Moreno-Bromberg, Santiago; Taschini, Luca - London School of Economics (LSE) - 2011

This paper analyzes the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can invest both in low-emitting production technologies and trade permits. In the model, technology adoption and...

Persistent link: https://www.econbiz.de/10010745754

Evaluating a decade of mobile termination rate regulation

Genakos, Christos; Valletti, Tommaso - London School of Economics (LSE) - 2014

We re-consider the impact that regulation of call termination on mobile phones has had on mobile customers’ bills. Using a large panel covering 27 countries, we find that the “waterbed” phenomenon, initially observed until early 2006, becomes insignificant on average over the 10-year...

Persistent link: https://www.econbiz.de/10011126159