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Dynamic Oligopoly Pricing with Asymmetric Information : Implications for Horizontal Mergers
Sweeting, Andrew; Tao, Xuezhen; Yao, Xinlu - National Bureau of Economic Research - 2021
We model differentiated product pricing by firms that possess private information about serially-correlated state variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can raise prices significantly above static complete...
Persistent link: https://www.econbiz.de/10012496143
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Estimating market power Evidence from the US Brewing Industry
De Loecker, Jan - 2016
While inferring markups from demand data is common practice, estimation relies on difficult-to-test assumptions, including a specific model of how firms compete. Alternatively, markups can be inferred from production data, again relying on a set of difficult-to-test assumptions, but a wholly...
Persistent link: https://www.econbiz.de/10012455723
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Efficiencies Brewed : Pricing and Consolidation in the U.S. Beer Industry
Ashenfelter, Orley C. - 2013
Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers. Surprisingly, there is little evidence that efficiencies can offset incentives to raise prices following mergers. We estimate the effects of increased concentration and efficiencies on...
Persistent link: https://www.econbiz.de/10012459308
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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
an acquisition of multiple craft breweries by a large brewery and find that the acquisition would induce firm entry and …
Persistent link: https://www.econbiz.de/10013334365
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Determinants of Firm Boundaries : Empirical Analysis of the Japanese Auto Industry from 1984 to 2002
Nagaoka, Sadao - 2007
We have assessed the determinants of the choice of integration, relational contracting (keiretsu sourcing) and market sourcing by seven Japanese automobile manufacturers (OEMs) with respect to 54 components in light of contract economics. Our major findings are the following. First, the...
Persistent link: https://www.econbiz.de/10012465591
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Time as a Trade Barrier
Hummels, David - 2012
A large and growing share of international trade is carried on airplanes. Air cargo is many times more expensive than maritime transport but arrives in destination markets much faster. We model firms' choice between exporting goods using fast but expensive air cargo and slow but cheap ocean...
Persistent link: https://www.econbiz.de/10012460901
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Balance-of-payments adjustment policies: Japan, Germany, and the Netherlands
Michaely, Michael - 1968
Persistent link: https://www.econbiz.de/10000615420
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Country studies
Blanchard, Olivier (contributor) - 1994
Persistent link: https://www.econbiz.de/10000122609
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The industrial organization and regulation of the securities industry
Lo, Andrew W. (ed.) - 1996
Persistent link: https://www.econbiz.de/10000937532
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …
Persistent link: https://www.econbiz.de/10012471064