We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier … to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly …

We study industries where the price that a firm sets serves as an investment into lower cost or higher demand. We … assess the welfare implications of the ensuing competition for the market using analytical and numerical approaches to … compare the equilibria of a learning-by-doing model to the first-best planner solution. We show that dynamic competition leads …

price and quantity information to estimate the quality of products exported to the U.S. Higher quality is assigned to … products with higher market shares conditional on price. The estimated qualities reveal substantial heterogeneity in product … impact of low-wage competition on U.S. manufacturing employment and output. Markets characterized by relatively shorter …

(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find … a high proportions of quality-competition goods for the major EU countries and lower proportions for Canada, Australia … and China. However, the overlap of these quality-competition goods is not large, which suggests that characteristics of …

. Further, along both sides of a state border, a change in one state's sales tax can shed light on the nature of competition, as … subsequent reinstatement, of the 5% gasoline sales tax in Illinois and Indiana following a temporary price spike in the spring of …

prices to retail pharmacies, plausibly because uncertain quality leads to competition on brand rather than price. Tendered …

- the latter frequently approaching 100%. Whereas in 1994, the generic price index fell from 100 to 80 in the 12 months … following initial generic entry and by 24 months to 65, in 2009 the comparable generic price indexes are 68 and 27, respectively … Medicare Part D, the average price per prescription declined by 21.3% from 2006 to 2009, rather than increasing by 25-28% as …

Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …