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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

An Economic Analysis of Platform Sharing

Morita, Hodaka; Ghosh, Arghya - National Bureau of Economic Research (NBER) - 2007

sharing across firms benefits consumers in our framework because it intensifies competition in our horizontal differentiation …

Persistent link: https://www.econbiz.de/10005084694

Evaluating Welfare with Nonlinear Prices

Reiss, Peter C.; White, Matthew W. - National Bureau of Economic Research (NBER) - 2006

This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...

Persistent link: https://www.econbiz.de/10005775209

Output Price and Markup Dispersion in Micro Data: The Roles of Producer Heterogeneity and Noise

Roberts, Mark J.; Supina, Dylan - National Bureau of Economic Research (NBER) - 1997

This paper provides empirical evidence on the extent of producer heterogeneity in the output market by analyzing output price and price-marginal cost markups at the plant level for thirteen homogenous manufactured goods. It relies on micro data from the U.S. Census of Manufactures over the...

Persistent link: https://www.econbiz.de/10005777777

Asymmetric Learning in Repeated Contracting: An Empirical Study

Cohen, Alma - National Bureau of Economic Research (NBER) - 2008

This paper studies a unique panel dataset of transactions with repeat customers of an insurer operating in a market in which insurers are not required by law or contract to share information about their customers' records. I use this dataset to test the asymmetric learning hypothesis that...

Persistent link: https://www.econbiz.de/10005575389

The Dominance of Retail Stores

Lazear, Edward; Ziegler, Alexandre - National Bureau of Economic Research (NBER) - 2003

Most items are sold to consumers by retail stores. Stores have two features that distinguish them from auctions. First, the price is posted and a consumer who values the good at more than the posted price is sold the good. Second, the sale takes place as soon as the consumer decides to buy. In...

Persistent link: https://www.econbiz.de/10005830626

The Bidder Exclusion Effect

Coey, Dominic; Larsen, Bradley; Sweeney, Kane - National Bureau of Economic Research (NBER) - 2014

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

The Economics of Internet Markets

Levin, Jonathan - National Bureau of Economic Research (NBER) - 2011

competition and consumer behavior in internet markets and some directions for future research. …

Persistent link: https://www.econbiz.de/10008855223

Imperfect Competition in Selection Markets

Mahoney, Neale; Weyl, E. Glen - National Bureau of Economic Research (NBER) - 2014

subprime auto lending calibrated to Einav, Jenkins and Levin (2012), realistic levels of competition among lenders generate a … significant oversupply of credit, implying greater market power is desirable. We build a model of symmetric imperfect competition …-theoretic reasoning to provide a general analysis of the interaction between selection and imperfect competition. We use the same logic to …

Persistent link: https://www.econbiz.de/10010890106

Sunk Costs and Risk-Based Barriers to Entry

Pindyck, Robert S. - National Bureau of Economic Research (NBER) - 2009

In merger analysis and other antitrust settings, risk is often cited as a potential barrier to entry. But there is little consensus as to the kinds of risk that matter - systematic versus non-systematic and industry-wide versus firm-specific - and the mechanisms through which they affect entry....

Persistent link: https://www.econbiz.de/10005777752

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