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Persistent link: https://www.econbiz.de/10013480779
Market definition and market power are central features of competition law and practice but pose serious challenges. On one hand, market definition suffers decisive logical infirmities that render it infeasible, unnecessary, and counterproductive, and the practice of stating market power...
Persistent link: https://www.econbiz.de/10012457500
the face of what they consider the incoherent era of "pluralism" or "postmodernism" that began in the late twentieth …
Persistent link: https://www.econbiz.de/10012463576
Research has repeatedly shown that altruism is lower in diverse communities. Can this phenomenon be counteracted by government intervention? To answer this question, this paper introduces diversity to the canonical model of "warm glow" giving. Diversity may have two effects on incentives: it may...
Persistent link: https://www.econbiz.de/10012465304
of a pluralism without privilege, but they also had doubts about its possibility. They offered some reasons to prefer … pluralism with privilege to the absence of both. They worried that centralization, democratic or otherwise, might be the … preeminent fact of modern state consolidation, and that purely voluntary, equal, associational pluralism might not be powerful …
Persistent link: https://www.econbiz.de/10012457413
Many studies find that presentation of balanced information, offering competing positions, can promote polarization and thus increase preexisting social divisions. We offer two explanations for this apparently puzzling phenomenon. The first involves what we call asymmetric Bayesianism: the same...
Persistent link: https://www.econbiz.de/10012459687
Intro -- Contents -- Acknowledgments -- Introduction / Ajay Agrawal, Joshua Gans, and Avi Goldfarb -- I. AI as a GPT -- 1. Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics / Erik Brynjolfsson, Daniel Rock, and Chad Syverson, Comment: Rebecca...
Persistent link: https://www.econbiz.de/10013173775
Persistent link: https://www.econbiz.de/10011904305
The Department of Justice's (DOJ's) investigation of private colleges for price-fixing caused the Overlap' group of colleges to discontinue their meetings. DOJ alleged that the meetings enabled the colleges to collude on higher tuition and increase their tuition revenue. The colleges claimed...
Persistent link: https://www.econbiz.de/10012470996
This paper develops a multi-agent dynamic model of the commercial aircraft industry and then uses that model to analyze industry pricing, industry performance, and optimal industry policy. In the model, firms are differentiated in their products and cost structure, and entry, exit, prices, and...
Persistent link: https://www.econbiz.de/10012471051