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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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Antitrust Treatment of Nonprofits : Should Hospitals Receive Special Care?
Capps, Cory - 2017
Nonprofit hospitals receive favorable tax treatment in exchange for providing socially beneficial activities. Extending this rationale would suggest that, insofar as suppression of competition would allow nonprofits to cross-subsidize care for needy populations, nonprofit hospital mergers should...
Persistent link: https://www.econbiz.de/10012455550
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Demand for Artificial Intelligence in Settlement Negotiations
Gans, Joshua - National Bureau of Economic Research - 2024
When AI prediction substantially resolves trial uncertainty, a party purchasing AI prediction will disclose it if it is in their favour and not otherwise, signalling the outcome to the other party. Thus, the trial outcome becomes common knowledge. However, this implies that the parties will...
Persistent link: https://www.econbiz.de/10014635648
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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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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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The Political Economy of the Decline of Antitrust Enforcement in the United States
Lancieri, Filippo Maria; Posner, Eric A.; Zingales, Luigi - National Bureau of Economic Research - 2022
Antitrust enforcement in the United States has declined since the 1960s. Building on several new datasets, we argue that this decline did not reflect a popular demand for weaker enforcement or any other kind of democratic sanction. The decline was engineered by unelected regulators and judges...
Persistent link: https://www.econbiz.de/10013361981
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Product Liability Litigation and Innovation : Evidence from Medical Devices
Galasso, Alberto; Luo, Hong - National Bureau of Economic Research - 2024
We examine the relationship between product liability litigation and innovation by systematically combining data on product liability lawsuits with data on new product introductions in a panel dataset of leading medical device firms. We first document a decline in the propensity to introduce new...
Persistent link: https://www.econbiz.de/10014512069
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On the Law of the Household : The Principles Used by Parents in Disciplining Their Children
Shavell, Steven - National Bureau of Economic Research - 2023
In this article I first describe the basic principles that parents employ in disciplining their children. The description is based on a survey of parents, the major results of which are that parental sanctions are premised on wrongdoing--not on the mere causation of harm; that parental sanctions...
Persistent link: https://www.econbiz.de/10014248008
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Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State
Harrison, Ann - 2019
The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two … decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that … there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
Persistent link: https://www.econbiz.de/10012479431
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Special Deals from Special Investors : The Rise of State-Connected Private Owners in China
Bai, Chong-En - 2020
We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...
Persistent link: https://www.econbiz.de/10012482389