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trends, markup trends, and the effects of mergers does not actually show a widespread decline in competition. Nor does it … observed changes in many industries are likely to reflect competition in action. We highlight research that points to targeted … interventions that can enable antitrust enforcement policy to better promote and protect competition. Throughout the paper, we …
Persistent link: https://www.econbiz.de/10014635724
This article addresses developments in the literature on The Rise of Market Power. First, it summarizes research about the result of De Loecker 2020 that the sales-weighted average markup has increased in the United States. Second, it summarizes and evaluates a set of industry studies that...
Persistent link: https://www.econbiz.de/10014576656
of competition in markets that constitute the provision of artificial intelligence products. The focus is on three broad …
Persistent link: https://www.econbiz.de/10014512124
We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...
Persistent link: https://www.econbiz.de/10014287330
rival hospitals, and lower premiums. Competition for enrollees forces non-integrated insurers to provide additional coverage … to high-quality non-integrated hospitals, resulting in plan networks that limit hospital competition. Whereas vertical … integration reduces double marginalization, skewed cost-sharing structures--and their effect on hospital competition--more than …
Persistent link: https://www.econbiz.de/10015056159
Firms tend to compete more aggressively in financial distress; the intensified competition in turn reduces profit … effects, we incorporate strategic competition into a dynamic model with long-term defaultable debt, which generates various …
Persistent link: https://www.econbiz.de/10013537735
, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated …
Persistent link: https://www.econbiz.de/10015056089
In response to the "standardless" approach used in LePage's v. 3M, the Antitrust Modernization Commission (AMC) and others advocate using a discount allocation approach to assess whether bundled loyalty discounts violate Section 2 of the Sherman Act. This approach treats loyalty discounts like...
Persistent link: https://www.econbiz.de/10012464448
Recent empirical evidence indicates that capital structure changes affect pricing strategies. In most cases, prices increase following the implementation of a leveraged buyout of a major firm in an industry, with the more levered firm charging higher prices on average. Notable exceptions exist...
Persistent link: https://www.econbiz.de/10012473361
restraints, thereby, soften retail competition--an impact also generated by resale price maintenance (RPM). However, by … so through facilitating price discrimination among consumers; encouraging service provision; and facilitating … manufacturer collusion. Thus, welfare effects may be positive or negative compared to RPM or to the absence of such restrictions …
Persistent link: https://www.econbiz.de/10012455909