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Theory and Empirical Work on Imperfectly Competitive Markets

Pakes, Ariel - 2008

This paper reviews recent methodological developments in the empirical analysis of imperfectly competitive markets highlighting outstanding problems. Some of these problems are econometric; e.g. the need for a deeper understanding of the small sample properties of our estimators. Most of the...

Persistent link: https://www.econbiz.de/10012464528

Market Liquidity -- Theory and Empirical Evidence

Vayanos, Dimitri - 2012

In this paper we survey the theoretical and empirical literature on market liquidity. We organize both literatures around three basic questions: (a) how to measure illiquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity...

Persistent link: https://www.econbiz.de/10012460409

Prices vs. Quantities : Environmental Regulation and Imperfect Competition

Mansur, Erin T. - 2007

In a market subject to environmental regulation, a firm's strategic behavior affects the production and emissions …

Persistent link: https://www.econbiz.de/10012465136

Informationally Efficient Climate Policy : Designing Markets to Measure and Price Externalities

Lemoine, Derek - National Bureau of Economic Research - 2022

I study how policymakers can access and act on the information about climate change damages that is dispersed throughout the economy. I analyze a new dynamic deposit-refund instrument (called "carbon shares") that I show can: i) efficiently price emissions conditional on information, ii)...

Persistent link: https://www.econbiz.de/10013435097

Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage

Fowlie, Meredith - 2008

For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the … level of emissions that would have occurred in the absence of regulation. Converseley, when regulated firms are relatively …

Persistent link: https://www.econbiz.de/10012464226

State Casket Sales and Restrictions : A Pointless Undertaking?

Chevalier, Judith - 2006

We utilize a new micro dataset of prices of funeral goods and services at individual funeral homes, plus data from the Census to examine the effects of state regulations that restrict entry into funeral goods market. In particular, some states have regulations that allow only licensed funeral...

Persistent link: https://www.econbiz.de/10012466659

Three Sides of Harberger Triangles

Hines, James R, Jr - 1998

Harberger triangles are used to calculate the efficiency costs of taxes, government regulations, monopolistic practices, and various other market distortions. This paper considers the historical development of Harberger triangles, the associated theoretical controversies, and the contribution of...

Persistent link: https://www.econbiz.de/10012471960

Government Intervention in the Markets for Education and Health Care : How and Why?

Poterba, James M. - 1994

Education and health care are the two largest government expenditure items in the United States. The public sector directly provides the majority of educational services, through the public school bureaucracy, while most public support for health care is channelled through a system of...

Persistent link: https://www.econbiz.de/10012473988

Imperfect Markets versus Imperfect Regulation in U.S. Electricity Generation

Cicala, Steve - 2017

This paper measures changes in electricity generation costs caused by the introduction of market mechanisms to determine output decisions in service areas that were previously using command-and-control-type operations. I use the staggered transition to markets from 1999- 2012 to evaluate the...

Persistent link: https://www.econbiz.de/10012455627

Restrict the Middleman? : Quantitative Models of PBM Regulations and Their Consequences

Mulligan, Casey B. - National Bureau of Economic Research - 2023

This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price … "rebate traps." Applicable types of regulation include rebate rules, such as the HHS rebate rule and the Insulin Act …

Persistent link: https://www.econbiz.de/10014247918

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