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An Economic View of Corporate Social Impact
Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023
The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...
Persistent link: https://www.econbiz.de/10014421228
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Rising Markups and the Role of Consumer Preferences
Döpper, Hendrik; MacKay, Alexander; Miller, Nathan H.; … - National Bureau of Economic Research - 2024
We characterize the evolution of markups for consumer products in the United States from 2006 to 2019. Using detailed data on prices and quantities for products in more than 100 distinct product categories, we estimate flexible demand systems and recover markups under an assumption that firms...
Persistent link: https://www.econbiz.de/10014635702
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The Cost of Curbing Externalities with Market Power : Alcohol Regulations and Tax Alternatives
Conlon, Christopher; Rao, Nirupama L. - National Bureau of Economic Research - 2023
Products with negative externalities are often subject to regulations that limit competition. The single-product case … competition. However, when products are differentiated curbing consumption through market power can be costly. Firms with market …
Persistent link: https://www.econbiz.de/10013537788
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Industrial Organization and The Rise of Market Power
Miller, Nathan H. - National Bureau of Economic Research - 2024
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
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Distributed Ledgers and Secure Multi-Party Computation for Financial Reporting and Auditing
Cao, Sean Shun; Cong, Lin William; Yang, Baozhong - National Bureau of Economic Research - 2024
, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated …
Persistent link: https://www.econbiz.de/10015056089
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Are Health Insurance Markets Competitive?
Dafny, Leemore - 2008
Although the vast majority of Americans have private health insurance, researchers focus almost exclusively on public provision. Data on the private insurance sector is extremely difficult to obtain because health insurance contracts are complex, renegotiated annually, and not subject to...
Persistent link: https://www.econbiz.de/10012464076
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Trade Policy and Market Power : The Case of the US Steel Industry
Blonigen, Bruce A. - 2007
A primary function of trade policy is to restrict imports to benefit the targeted domestic sector. However, a well-established theoretical literature highlights that the form of trade policy (e.g., quotas versus tariffs) can have a significant impact on how much trade policy affects firms'...
Persistent link: https://www.econbiz.de/10012464973
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Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries
Evans, David S. - 2001
Competition in many important industries centers on investment in intellectual property. Firms engage in dynamic …, Schumpeterian competition for the market, through sequential winner-take-all races to produce drastic innovations, rather than … through static price/output competition in the market. Sound antitrust economic analysis of such industries requires explicit …
Persistent link: https://www.econbiz.de/10012470456
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Market Power and Price Discrimination in the U.S. Market for Higher Education
Epple, Dennis - 2017
The main purpose of this paper is to estimate an equilibrium model of private and public school competition that can … generate realistic pricing patterns for private universities in the U.S. We show that the parameters of the model are …
Persistent link: https://www.econbiz.de/10012455321
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Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety
Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022
This paper presents a new method for estimating discrete games based on bounds of conditional choice probabilities. The method does not require solving the game and is scalable to models with many firms and many discrete decisions. We apply the method to study merger effects on firm entry and...
Persistent link: https://www.econbiz.de/10013334365