Showing 1 - 10 of 301
The paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991 … concentration lower bound towards zero in exogenous sunk costs industries in line with previous empirical evidence for developed … technological effort in that emerging economy. -- Concentration ; market size …
Persistent link: https://www.econbiz.de/10003772219
The degree of endemic volatility in the number of firms and establishments varies considerably across industries. Examining the within-industry range of variation (max.-min.) of the number of firms over our sample period, the low and high values across U.S. manufacturing industries are 4 and...
Persistent link: https://www.econbiz.de/10011508062
gasoline market confirms that increases in concentration reduce product variety. Ignoring this product variety effect is likely …
Persistent link: https://www.econbiz.de/10011451069
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the … typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive … firms within country are diverging. Finally, higher concentration from an origin country is associated with a fall in prices …
Persistent link: https://www.econbiz.de/10012495680
We consider a monopolistic supplierś optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...
Persistent link: https://www.econbiz.de/10009733012
The New Trade Theory predicts that international trade lowers prices for consumers and expands the choices available to them. This study shows that both predictions may no longer hold once adjustments in the retail sector are taken into account. I present a new model of retailing in general...
Persistent link: https://www.econbiz.de/10003824675
We construct a model of trade with heterogeneous retailers to examine the effects of trade liberalization on retail market structure, imports and social welfare. We are especially interested in studying the degree of pass-through of import into retail prices and the effects of retail market...
Persistent link: https://www.econbiz.de/10003888981
concentration on relationship lending which cannot be easily accommodated by the investment and strategic theories of relationship …
Persistent link: https://www.econbiz.de/10003979983
Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...
Persistent link: https://www.econbiz.de/10011398061
The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...
Persistent link: https://www.econbiz.de/10011481190