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We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and Klemperer (1996), connecting their theoretical results...
Persistent link: https://www.econbiz.de/10010951042
We measure the impact of increased health insurer competition on negotiated hospital prices using detailed 2004 … competition. We find that in--creasing competition reduces hospital prices on average, but that the most attractive hospitals can … leverage increased competition to negotiate higher rates. This bargaining effect creates in--centives for further hospital …
Persistent link: https://www.econbiz.de/10010951472
of market structure on quality of health care. The paper then moves on to consider competition in health insurance …
Persistent link: https://www.econbiz.de/10009223314
We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more small bidders, shift the allocation towards these...
Persistent link: https://www.econbiz.de/10005830377
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition …
Persistent link: https://www.econbiz.de/10005049968
the workhorse monopolistic competition model with constant-elasticity-of-substitution (CES) preferences. On the …
Persistent link: https://www.econbiz.de/10010969233
Communism in East Germany sought to dampen the effect of market forces on firm productivity for nearly 40 years. How did East German firms respond to the free market after being thrust into it in 1990? We use a formal learning model and German business survey data to analyze the lasting impact...
Persistent link: https://www.econbiz.de/10010950641
In this paper I provide a theory for brand-protection strategies to reduce counterfeiting under weak intellectual property rights. My theoretical framework has general implications for endogenous sunk cost investments as a means of deterring counterfeiters. My model incorporates two layers of...
Persistent link: https://www.econbiz.de/10009493267
congruence of preferences as proxied by trust. Empirically, competition, human capital and IT also appear to foster …
Persistent link: https://www.econbiz.de/10010821819
This paper studies the extensive and intensive margins of firms' global sourcing decisions. We develop a quantifiable multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country-specific variables. The model delivers a simple...
Persistent link: https://www.econbiz.de/10011103503