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Efficiencies Brewed: Pricing and Consolidation in the U.S. Beer Industry

Ashenfelter, Orley; Hosken, Daniel; Weinberg, Matthew C. - National Bureau of Economic Research (NBER) - 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/10010821724

Did Robert Bork Understate the Competitive Impact of Mergers? Evidence from Consummated Mergers

Ashenfelter, Orley; Hosken, Daniel; Weinberg, Matthew C. - National Bureau of Economic Research (NBER) - 2014

In The Antitrust Paradox, Robert Bork viewed most mergers as either competitively neutral or efficiency enhancing. In his view, only mergers creating a dominant firm or monopoly were likely to harm consumers. Bork was especially skeptical of oligopoly concerns resulting from mergers. In this...

Persistent link: https://www.econbiz.de/10010950952

Cementing Relationships: Vertical Integration, Foreclosure, Productivity, and Prices

Syverson, Chad; Hortacsu, Ali - National Bureau of Economic Research (NBER) - 2007

integrated. These patterns are consistent, however, with an alternative efficiency-based mechanism. Namely, higher productivity … evidence that integrated producers' productivity advantage is tied to improved logistics coordination afforded by large local … local concrete operations have similarly high productivity levels. …

Persistent link: https://www.econbiz.de/10005084700

Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs

Knittel, Christopher R.; Stango, Victor - National Bureau of Economic Research (NBER) - 2004

Incompatibility in market with network effects reduces consumers' ability to "mix and match" components offered by different sellers, but can also spur changes in product attributes that might benefit consumers. In this paper, we estimate the effects of incompatibility on consumers in a classic...

Persistent link: https://www.econbiz.de/10005084851

Competition Among Hospitals

Gaynor, Martin; Vogt, William - National Bureau of Economic Research (NBER) - 2003

-for-profit firms to differ, modeling these differences structurally following the relevant theory literature. We find that California …

Persistent link: https://www.econbiz.de/10005055435

The Industrial Organization of Markets with Two-Sided Platforms

Evans, David A.; Schmalensee, Richard - National Bureau of Economic Research (NBER) - 2005

Two-sided platforms (2SPs) cater to two or more distinct groups of customers, facilitating value-creating interactions between them. The village market and the village matchmaker were 2SPs; eBay and Match.com are more recent examples. Other examples include payment card systems, magazines,...

Persistent link: https://www.econbiz.de/10005575723

U.S. v. Microsoft: Did Consumers Win?

Evans, David A.; Schmalensee, Richard; Nichols, Albert L. - National Bureau of Economic Research (NBER) - 2005

U.S. v. Microsoft and the related state suit filed in 1998 appear finally to have concluded. In a unanimous en banc decision issued in late June 2004, the D.C. Circuit Court of Appeals rejected challenges to the remedies approved by the District Court in November 2002. The wave of follow-on...

Persistent link: https://www.econbiz.de/10005774828

Generating Evidence to Guide Merger Enforcement

Ashenfelter, Orley; Hosken, Daniel; Weinberg, Matthew - National Bureau of Economic Research (NBER) - 2009

The challenge of effective merger enforcement is tremendous. U.S. antitrust agencies must, by statute, quickly forecast the competitive effects of mergers that occur in virtually every sector of the economy to determine if mergers can proceed. Surprisingly, given the complexity of the regulators...

Persistent link: https://www.econbiz.de/10005778892

Strategic Incompatibility in ATM Markets

Knittel, Christopher R.; Stango, Victor - National Bureau of Economic Research (NBER) - 2006

We test whether firms use incompatibility strategically, using data from ATM markets. High ATM fees degrade the value of competitors' deposit accounts, and can in principle serve as a mechanism for siphoning depositors away from competitors or for creating deposit account differentiation. Our...

Persistent link: https://www.econbiz.de/10005828868

Barriers To Entry

Carlton, Dennis W. - National Bureau of Economic Research (NBER) - 2005

This paper analyzes the concept of barriers to entry. It explains that the concept is a static one and explores the inadequacy of the concept in a world with sunk costs, adjustment costs and uncertainty. The static concept addresses the question of whether profits are excessive. The more...

Persistent link: https://www.econbiz.de/10005828986