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If at First You Don't Succeed... : Profits, Prices and Market Structure in a Model of Quality with Unknowable Consumer Heterogeneity

Krishna, Kala - 2000

Why are higher quality niches seen as intrinsically more profitable in business circles? Why do high quality products sometimes have a low real price, while it is unusual to see low quality products with high real prices? Can markets have quality differentiation as well as quality bunching? In...

Persistent link: https://www.econbiz.de/10012471282

Market Structure and the Persistence of Sectoral Real Exchange Rates

Cheung, Yin-Wong - 1999

We examine the relationship between market structure and the persistence of U.S. dollar-based sectoral real exchange rates for fourteen OECD countries. Our empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which...

Persistent link: https://www.econbiz.de/10012471377

Strategic Fragmented Markets

Babus, Ana; Parlatore, Cecilia - National Bureau of Economic Research - 2021

We study the determinants of asset market fragmentation in a model with strategic investors that disagree about the value of an asset. Investors' choices determine the market structure. Fragmented markets are supported in equilibrium when disagreement between investors is low. In this case,...

Persistent link: https://www.econbiz.de/10012510608

Concentration in Product Markets

Benkard, C. Lanier; Yurukoglu, Ali; Zhang, Anthony Lee - National Bureau of Economic Research - 2021

This paper uses new data to reexamine trends in concentration in U.S. markets from 1994 to 2019. The paper's main … contribution is to construct concentration measures that reflect narrowly defined consumption-based product markets, as would be … higher than previous results. Also in contrast with the previous literature, we find that product market concentration has …

Persistent link: https://www.econbiz.de/10012510624

Market Structure and Monetary Non-neutrality

Mongey, Simon - National Bureau of Economic Research - 2021

I study a general equilibrium menu cost model with a continuum of sectors, idiosyncratic and aggregate shocks, and the novel feature that each sector consists of strategically engaged firms. Compared to an economy with monopolistically competitive sectors--separately parameterized to match the...

Persistent link: https://www.econbiz.de/10012629453

Structural Empirical Analysis of Contracting in Vertical Markets

Lee, Robin S.; Whinston, Michael D.; Yurukoglu, Ali - National Bureau of Economic Research - 2021

This chapter presents an overview of advances in the structural analysis of contracting in vertical markets over the past fifteen years. We provide a discussion of theoretical models of contracting and bargaining that form the basis of recent empirical work, and then present common approaches...

Persistent link: https://www.econbiz.de/10012629502

Intermediaries in Bargaining : Evidence from Business-to-Business Used-Car Inventory Negotiations

Larsen, Bradley J.; Lu, Hengheng; Zhang, Anthony Lee - National Bureau of Economic Research - 2021

We analyze data on tens of thousands of alternating-offer, business-to-business negotiations in the wholesale used-car market, with each negotiation mediated (over the phone) by a third-party company. The data shows the identity of the employee mediating the negotiations. We find that who...

Persistent link: https://www.econbiz.de/10012616607

Collusion, Mergers, and Related Antitrust Issues

Asker, John; Nocke, Volker - National Bureau of Economic Research - 2021

This survey examines recent developments in economic research relating to antitrust, paying specific attention to research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant advances in the last twenty years. With respect to...

Persistent link: https://www.econbiz.de/10012616623

The Industrial Organization of Financial Markets

Clark, Robert; Houde, Jean-François; Kastl, Jakub - National Bureau of Economic Research - 2021

This chapter discusses recent developments in the literature involving applications of industrial organization methods to finance. We structure our discussion around a simple model of a financial intermediary that concentrates its attention either on (i) the retail market and hence engages in a...

Persistent link: https://www.econbiz.de/10012616630

From Scarcity to Abundance : Government and Private Initiatives to Manage the Allocation of N95 Masks in the U.S. During the COVID-19 Pandemic

Joskow, Paul L. - National Bureau of Economic Research - 2022

This paper examines the structure, behavior and performance of the N95 respirator market in the U.S. before and during the COVID-19 pandemic (2020-early 2022). It focuses on the behavior and performance of government and private sector organizations in the allocation of scarce supplies of N95...

Persistent link: https://www.econbiz.de/10013172175

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