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Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels
Knittel, Christopher R. - 2006
We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We find that two types of price wars may exist. In one,...
Persistent link: https://www.econbiz.de/10012466026
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Does Entry Remedy Collusion? Evidence from the Generic Prescription Drug Cartel
Starc, Amanda; Wollmann, Thomas G. - National Bureau of Economic Research - 2022
Entry represents a fundamental threat to cartels engaged in price fixing. We study the extent and effect of this behavior in the largest price fixing case in US history, which involves generic drugmakers. To do so, we link information on the cartel's internal operations to regulatory filings and...
Persistent link: https://www.econbiz.de/10013172185
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How to Auction an Essential Facility When Underhand Integration is Possible
Engel, Eduardo M.R.A. - 2001
There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...
Persistent link: https://www.econbiz.de/10012470580
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Incidence and Outcomes of School Finance Litigation : 1968-2021
Hanushek, Eric Alan; Joyce-Wirtz, Matthew - National Bureau of Economic Research - 2023
School finance court cases have proceeded one or more times in all but two states. Plaintiffs ask the courts to rule that the existing funding formula is unconstitutional under state constitutions, and the defendants call for continuation of the existing finance formula. By compiling and...
Persistent link: https://www.econbiz.de/10014287371
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Information and Competition in U.S. Forest Service Timber Auctions
Athey, Susan - 1999
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10012471603
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The Role of Information in U.S. Offshore Oil and Gas Lease Auctions
Porter, Robert H. - 1992
This paper describes the U.S. offshore oil and gas lease sales, conducted by the Department of the Interior since 1954. Several decision problems are discussed, including bidding for leases, the government's decision whether to accept the highest bid, the incidence and timing of exploratory...
Persistent link: https://www.econbiz.de/10012474782
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Auctioning U.S. Import Quotas, Foreign Response, and Alternative Policies
Feenstra, Robert C. - 1989
drop in foreign producer surplus relative to free trade. Previous estimates of auction revenue are in the range of $3 7 … auction revenue is $1 3-2.15 billion, and the foreign loss is $0.5-O.7 billion relative to free trade. One alternative to … auction quotas is a system of tariff-rate quotas, which are designed to keep supplier countries welfare equal to that in free …
Persistent link: https://www.econbiz.de/10012476217
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Common Values, Unobserved Heterogeneity, and Endogenous Entry in U.S. Offshore Oil Lease Auction
Compiani, Giovanni - 2018
An oil lease auction is the classic example motivating a common values model. However, formal testing for common values … has been hindered by unobserved auction-level heterogeneity, which is likely to affect both participation in an auction …
Persistent link: https://www.econbiz.de/10012452926
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Bid Shading and Bidder Surplus in the U.S. Treasury Auction System
Hortaçsu, Ali - 2017
We analyze bidding data from uniform price auctions of U.S. Treasury bills and notes between July 2009-October 2013. Primary dealers consistently bid higher yields compared to direct and indirect bidders. We estimate a structural model of bidding that takes into account informational asymmetries...
Persistent link: https://www.econbiz.de/10012453689
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Legal Monopoly : Patents and Antitrust Litigation in U.S. Manufacturing, 1970-1998
Khan, B. Zorina - 1999
This paper presents an empirical analysis of the relationship between patenting, innovation, and federal antitrust enforcement towards firms in the manufacturing sector. I examine whether the likelihood of antitrust litigation is influenced by patent histories and R&D expenditures, after...
Persistent link: https://www.econbiz.de/10012471728