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Battles Among Licensed Occupations: Analyzing Government Regulations on Labor Market Outcomes for Dentists and Hygienists
Kleiner, Morris M.; Park, Kyoung Won - National Bureau of Economic Research (NBER) - 2010
Occupational licensing is among the fastest-growing labor market institutions in the U.S. economy. One of the key features of occupational licensing is that the law determines who gets to do the work. In those cases where universally licensed occupations are both complements to and substitutes...
Persistent link: https://www.econbiz.de/10008727871
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How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry
Borenstein, Severin; Rose, Nancy Lin - National Bureau of Economic Research (NBER) - 2007
Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that …) possible market power of dominant airlines, and (c) congestion and investment shortfall in the airport and air traffic …
Persistent link: https://www.econbiz.de/10005777407
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The Effect of FDA Advisories on Branded Pharmaceutical Firms' Valuations and Promotion Efforts
Conti, Rena M.; Huskamp, Haiden A.; Berndt, Ernst R. - National Bureau of Economic Research (NBER) - 2011
The US Food and Drug Administration (FDA) expends considerable efforts in regulating medications approved for use. Yet the impact of medication labeling changes on brand pharmaceutical products, and whether and what firms do to respond to increased information regarding the safety and efficacy...
Persistent link: https://www.econbiz.de/10009325511
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Religion, Longevity, and Cooperation: The Case of the Craft Guild.
Richardson, Gary; McBride, Michael - National Bureau of Economic Research (NBER) - 2008
When the mortality rate is high, repeated interaction alone may not sustain cooperation, and religion may play an important role in shaping economic institutions. This insight explains why during the fourteenth century, when plagues decimated populations and the church promoted the doctrine of...
Persistent link: https://www.econbiz.de/10005720575
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Identification and Estimation of Dynamic Games
Pesendorfer, Martin; Schmidt-Dengler, Philipp - National Bureau of Economic Research (NBER) - 2003
This paper studies the identification problem in infinite horizon Markovian games and proposes a generally applicable estimation method. Every period firms simultaneously select an action from a finite set. We characterize the set of Markov equilibria. Period profits are a linear function of...
Persistent link: https://www.econbiz.de/10005778853
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Weak Versus Strong Net Neutrality
Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2014
negative impact from such regulation on ISP investment. Counter to many claims, it is argued here that ISP competition may not … providers. With this additional price it is demonstrated that the type of net neutrality regulation (i.e., weak versus strong … strong net neutrality may stimulate content provider investment while the model concludes that there is unlikely to be any …
Persistent link: https://www.econbiz.de/10010821684
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Intertemporal Price Discrimination in Storable Goods Markets
Nevo, Aviv; Hendel, Igal - National Bureau of Economic Research (NBER) - 2011
We study intertemporal price discrimination when consumers can store for future consumption needs. To make the problem tractable we offer a simple model of demand dynamics, which we estimate using market level data. Optimal pricing involves temporary price reductions that enable sellers to...
Persistent link: https://www.econbiz.de/10009002586
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Leveraging Monopoly Power by Degrading Interoperability: Theory and Evidence from Computer Markets
Kuhn, Kai-Uwe; van Reenen, John; Genakos, Christos - National Bureau of Economic Research (NBER) - 2011
When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...
Persistent link: https://www.econbiz.de/10009147972
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The Smart Grid, Entry, and Imperfect Competition in Electricity Markets
Allcott, Hunt - National Bureau of Economic Research (NBER) - 2012
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real-time pricing" for electricity and increase price...
Persistent link: https://www.econbiz.de/10011271447
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Can Health Insurance Competition Work? Evidence from Medicare Advantage
Levin, Jonathan; Curto, Vilsa; Einav, Liran; … - National Bureau of Economic Research (NBER) - 2014
We estimate the economic surplus created by Medicare Advantage under its reformed competitive bidding rules. We use data on the universe of Medicare beneficiaries, and develop a model of plan bidding that accounts for both market power and risk selection. We find that private plans have costs...
Persistent link: https://www.econbiz.de/10011114863