Showing 1 - 10 of 254
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … of market competition. This study shows that inflation decreases with greater market competitiveness even after … controlling for productivity effects. Indeed, when market competition and productivity effects are both accounted for, trade …
Persistent link: https://www.econbiz.de/10013091833
stress that competition and regulatory authorities should take seriously the potential trade-off between market power effects …
Persistent link: https://www.econbiz.de/10012953486
. We use this historical pattern as a natural experiment to estimate the causal effect of contemporary private competition …
Persistent link: https://www.econbiz.de/10013316511
We document that trust in public institutions — and particularly trust in banks, business and government — has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...
Persistent link: https://www.econbiz.de/10013128039
This paper analyses the effect of information disseminated by the Internet on voting behavior. We address endogeneity in Internet availability by exploiting regional and technological peculiarities of the preexisting voice telephony network that hinder the roll-out of fixed-line broadband...
Persistent link: https://www.econbiz.de/10013105145
We construct a Hotelling-type model of two media providers, each of whom can issue fake and/or real news and each of whom can invest in the debunking of their rival's fake news. The model assumes that consumers have an innate preference for one provider or the other and value real news. However,...
Persistent link: https://www.econbiz.de/10012919058
This study uses an original state-level data set to investigate whether press coverage on trials for tax evasion by celebrities affects the likelihood that other tax payers participate in Germany’s tax amnesty program. To identify the causal effect, we use exogenous variation in the reporting,...
Persistent link: https://www.econbiz.de/10013315439
Many political commentators diagnose an increasing polarization of the U.S. electorate into two opposing camps. However, in standard spatial voting models, changes in the political preference distribution are irrelevant as long as the position of the median voter does not change. We show that...
Persistent link: https://www.econbiz.de/10013317647
This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel stability and leads to the break-up of the cartel in the...
Persistent link: https://www.econbiz.de/10013160219
This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...
Persistent link: https://www.econbiz.de/10013154266