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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

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

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

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 enforce payment. Here, we argue that if relationship-specific investments are required by borrowers to establish creditworthiness, monopoly power may reduce credit provision...

Persistent link: https://www.econbiz.de/10005710504

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

Entry and Predation: British Shipping Cartels 1879-1929

Morton, Fiona Scott - National Bureau of Economic Research (NBER) - 1996

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 a price war against the entrant; some entrants are formally admitted … to the cartel without any conflict. I use characteristics of the entrant to predict whether or not the entrant will …

Persistent link: https://www.econbiz.de/10005720246

How to Auction an Essential Facility When Underhand Integration is Possible

Engel, Eduardo M.R.A.; Fischer, Ronald David; … - National Bureau of Economic Research (NBER) - 2001

There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...

Persistent link: https://www.econbiz.de/10005828661

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

Competition in or for the Field: Which is Better?

Engel, Eduardo M.R.A.; Fischer, Ronald David; … - National Bureau of Economic Research (NBER) - 2002

In many circumstances, a principal, who wants prices to be as low as possible, must contract with agents who would like to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent bidding the lowest price (competition for the field) with...

Persistent link: https://www.econbiz.de/10005830708

Intellectual Property and Marketing

Lakdawalla, Darius; Philipson, Tomas; Wang, Y. Richard - National Bureau of Economic Research (NBER) - 2006

Patent protection spurs innovation by raising the rewards for research, but it usually results in less desirable allocations after the innovation has been discovered. In effect, patents reward inventors with inefficient monopoly power. However, previous analysis of intellectual property has...

Persistent link: https://www.econbiz.de/10005774382

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