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Export or Merge? Proximity vs. Concentration in Product Space
Muendler, Marc-Andreas - National Bureau of Economic Research (NBER) - 2013
This paper proposes a proximity-concentration tradeoff in product space as a determinant of horizontal foreign direct investment (FDI). Firms that enter a foreign market by exporting are able to capture consumer surplus from introducing a differentiated product with characteristics that the...
Persistent link: https://www.econbiz.de/10010723400
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Antitrust
Kaplow, Louis; Shapiro, Carl - National Bureau of Economic Research (NBER) - 2007
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10005049968
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Weak Versus Strong Net Neutrality
Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2014
This paper provides a framework to classify and evaluate the impact of net neutrality regulations on the allocation of consumer attention and the distribution of surplus between consumers, ISPs and content providers. While the model provided largely nests other contributions in the literature,...
Persistent link: https://www.econbiz.de/10010821684
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Text-Based Network Industries and Endogenous Product Differentiation
Phillips, Gordon M.; Hoberg, Gerard - National Bureau of Economic Research (NBER) - 2010
We study how firms differ from their competitors using new time-varying measures of product differentiation based on text-based analysis of product descriptions from 50,673 firm 10-K statements filed yearly with the Securities and Exchange Commission. This year-by-year set of product...
Persistent link: https://www.econbiz.de/10008622318
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A Primer on the Economics of Prescription Pharmaceutical Pricing in Health Insurance Markets
Berndt, Ernst R.; McGuire, Thomas G.; Newhouse, Joseph P. - National Bureau of Economic Research (NBER) - 2011
market structure on the supply side, characterized alternatively by monopoly (unique brands), Bertrand differentiated product …
Persistent link: https://www.econbiz.de/10008868165
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Political Competitiveness
Mulligan, Casey; Tsui, Kevin K. - National Bureau of Economic Research (NBER) - 2006
Political competitiveness - which many interpret as the degree of democracy - can be modeled as a monopolistic competition. All regimes are constrained by the threat of "entry," and thereby seek some combination of popular support and political entry barriers. This simple model predicts that...
Persistent link: https://www.econbiz.de/10005248710
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Did the HMO Revolution Cause Hospital Consolidation?
Town, Robert; Wholey, Douglas; Feldman, Roger; Burns, … - National Bureau of Economic Research (NBER) - 2005
During the 1990s US healthcare markets underwent a significant transformation. Managed care rose to become the dominant form of insurance in the private sector. Also, a wave of hospital consolidation occurred. In 1990, the mean population-weighted hospital Herfindahl-Hirschman Index (HHI) in a...
Persistent link: https://www.econbiz.de/10005710459
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Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships
Fisman, Raymond; Raturi, Mayank - National Bureau of Economic Research (NBER) - 2003
Previous work has claimed that monopoly power facilitates the provision of credit, since monopolists are better able to … creditworthiness, monopoly power may reduce credit provision because hold up problems ex post will deter borrowers from investing in … establishing creditworthiness. Empirically, we examine the relationship between monopoly power and credit provision, using data on …
Persistent link: https://www.econbiz.de/10005710504
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Why Tie A Product Consumers Do Not Use?
Carlton, Dennis W.; Waldman, Michael; Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2007
This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...
Persistent link: https://www.econbiz.de/10005714129
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Entry and Predation: British Shipping Cartels 1879-1929
Morton, Fiona Scott - National Bureau of Economic Research (NBER) - 1996
I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines. The cartel makes the decision whether or not to begin...
Persistent link: https://www.econbiz.de/10005720246