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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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The Effect of Deceptive Advertising on Consumption of the Advertised Good and its Substitutes: The Case of Over-the-Counter Weight Loss Products
Cawley, John; Avery, Rosemary; Eisenberg, Matthew - National Bureau of Economic Research (NBER) - 2013
This paper is the first to estimate the impact of exposure to deceptive advertising on consumption of the advertised … advertising is rampant and products are generally ineffective with potentially serious side effects. We control for the targeting … exposure to deceptive advertising is associated with a lower probability that women, and a higher probability that men, consume …
Persistent link: https://www.econbiz.de/10010618273
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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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Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy
Nocke, Volker; Whinston, Michael; Mermelstein, Ben; … - National Bureau of Economic Research (NBER) - 2014
We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can reduce costs through either internal investment in building capital or through mergers. The model, which we solve computationally, allows firms to invest or propose mergers according...
Persistent link: https://www.econbiz.de/10010796712
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The Geography of Fear
Treisman, Daniel - National Bureau of Economic Research (NBER) - 2011
Whether the danger invoked is nuclear war or genetically modified foods, far more people in some countries than in others say they are afraid. Using data from six surveys, I show that the levels of reported fear of different dangers correlate strongly across both individuals and countries. I...
Persistent link: https://www.econbiz.de/10008855516
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Coarse Thinking and Persuasion
Mullainathan, Sendhil; Shleifer, Andrei; Schwartzstein, … - National Bureau of Economic Research (NBER) - 2006
branding, the structure of product attributes, and several puzzling aspects of mutual fund advertising. …
Persistent link: https://www.econbiz.de/10005084819
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Naked Exclusion: An Experimental Study of Contracts with Externalities
Landeo, Claudia M.; Spier, Kathryn E. - National Bureau of Economic Research (NBER) - 2008
This paper reports the results of an experiment designed to assess the ability of an incumbent seller to profitably foreclose a market with exclusive contracts. We use the strategic environment described by Rasmusen, Ramseyer, and Wiley (1991) and Segal and Whinston (2000) where entry is...
Persistent link: https://www.econbiz.de/10005777709
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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
his view, only mergers creating a dominant firm or monopoly were likely to harm consumers. Bork was especially skeptical …
Persistent link: https://www.econbiz.de/10010950952
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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
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Why We Need to Measure the Effect of Merger Policy and How to Do It
Carlton, Dennis W. - National Bureau of Economic Research (NBER) - 2009
In this article, I explain the inadequacy of our current state of knowledge regarding the effectiveness of antitrust policy towards mergers. I then discuss the types of data that one must collect in order to be able to perform an analysis of the effectiveness of antitrust policy. There are two...
Persistent link: https://www.econbiz.de/10005774825