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A Field Experiment on Antitrust Compliance
Kawai, Keiji; Nakabayashi, Jun - National Bureau of Economic Research - 2024
We study the effectiveness of firms' compliance programs by conducting a field experiment in which we disclose to a subset of Japanese firms that the firm is potentially engaging in illegal bid-rigging. We find that the information that we disclose affects the bidding behavior of the treated...
Persistent link: https://www.econbiz.de/10014528387
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Merger Effects and Antitrust Enforcement : Evidence from US Retail
Bhattacharya, Vivek; Illanes, Gastón; Stillerman, David - National Bureau of Economic Research - 2023
We document the effects of a comprehensive set of US retail mergers. On average, prices increase by 1.5% and quantities decrease by 2.3%, with significant heterogeneity in outcomes across mergers. Price changes correlate with the screens codified in the Horizontal Merger Guidelines. Through a...
Persistent link: https://www.econbiz.de/10014250141
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Competition Laws and Corporate Innovation
Levine, Ross - 2020
A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...
Persistent link: https://www.econbiz.de/10012481835
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Electricity Retail Rate Design in a Decarbonized Economy : An Analysis of Time-Of-Use and Critical Peak Pricing
Schittekatte, Tim; Mallapragada, Dharik; Joskow, Paul L.; … - National Bureau of Economic Research - 2022
Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill …
Persistent link: https://www.econbiz.de/10013435122
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An Empirical Analysis of the Potential for Market Power in California's Electricity Industry
Borenstein, Severin - 1998
We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This …
Persistent link: https://www.econbiz.de/10012472342
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Antitrust Enforcement Increases Economic Activity
Babina, Tania; Barkai, Simcha; Jeffers, Jessica; … - National Bureau of Economic Research - 2023
We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of Justice (DOJ) between 1971 and 2018. Using restricted establishment-level microdata from the U.S. Census, we compare the economic outcomes of a non-tradable industry in states...
Persistent link: https://www.econbiz.de/10014337831
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Wealth Transfers from Implementing Real-Time Retail Electricity Pricing
Borenstein, Severin - 2005
Adoption of real-time electricity pricing -- retail prices that vary hourly to reflect changing wholesale prices …
Persistent link: https://www.econbiz.de/10012467083
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A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market During Summer 2000
Joskow, Paul - 2001
We simulate competitive benchmark wholesale prices for electricity in California during the summer of 2000, taking … account of changes in natural gas prices, electricity demand, and imports of electricity from other states during this time … prices for electricity. The competitive benchmark prices are then compared to actual prices. A significant fraction of the …
Persistent link: https://www.econbiz.de/10012470569
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Biases in Static Oligopoly Models? Evidence from the California Electricity Market
Kim, Dae-Wook - 2004
direct measures of marginal cost for the California electricity market to measure the extent to which estimated mark-ups and …
Persistent link: https://www.econbiz.de/10012467792
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Diagnosing Market Power in California's Restructured Wholesale Electricity Market
Borenstein, Severin - 2000
Effective competition in wholesale electricity markets is a necessary feature of a successful electricity supply … industry restructuring. We examine the degree of competition in the California wholesale electricity market during the period …
Persistent link: https://www.econbiz.de/10012470869