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Inequality and market concentration, when shareholding is more skewed than consumption
Gans, Joshua; Leigh, Andrew; Schmalz, Martin C.; … - 2018
Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …
Persistent link: https://www.econbiz.de/10011942732
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Beyond the dogma of the fixed book price agreement
Ploeg, Frederick van der - 2003
After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...
Persistent link: https://www.econbiz.de/10011507914
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Social capital and collusion : the case of merchant guilds
Dessí, Roberta; Olgivie, Sheilagh - 2003
Merchant guilds have been portrayed as social networks that generated beneficial social capital by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling rulers to...
Persistent link: https://www.econbiz.de/10011509466
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Inequality, well-being and institutions in Latin America and the Caribbean
Oberoi, Jaideep; Ahsan, Syed - 2003
This paper focuses on the role of institutions in the fight against poverty and inequality. Our view of institutions encompasses formal rules designed by polity (including those in the legal and economics sphere such as rules of property rights, contracts and liabilities) as well as informal...
Persistent link: https://www.econbiz.de/10011514135
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Product differentiation and oligopoly : a network approach
Pellegrino, Bruno - 2023
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10013503368
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A structural econometric model of price discrimination in the mortgage lending industry
Gary-Bobo, Robert; Larribeau, Sophie - 2002
determines loan sizes and interest rates simultaneously. A competitive, and a discriminating monopoly version of the model are … discriminating monopoly maximizes profitsunder a borrower participation constraint, reflecting the availability of a rental market as … monopoly model estimates show that the borrowers' price-elasticity of demand for housing varies with occupational status, and …
Persistent link: https://www.econbiz.de/10011410245
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The dynamics of product and labor market power : evidence from Lithuania
Ding, Ziran; Garcia-Louzao, Jose; Jouvanceau, Valentin - 2024
This paper characterizes the power dynamics of firms in both product and labor markets in Lithuania between 2004 and 2018. We first show that both markets are not perfectly competitive, as both price markups and wage markdowns are far from unitary and homogeneous. Interestingly, we unveil that...
Persistent link: https://www.econbiz.de/10014452325
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The dynamics of power in labor markets : monopolistic unions versus monopsonistic employers
Dodini, Samuel; Salvanes, Kjell G.; Willén, Alexander - 2021
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the effects of unionization on the dynamics of worker earnings across differently concentrated markets. Exploiting tax reforms to union due deductions as exogenous shocks to...
Persistent link: https://www.econbiz.de/10012745267
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Is the rent too high? : land ownership and monopoly power
Watson, C. Luke; Ziv, Oren - 2021
We investigate the sources, scope, and implications of landowner market power. We show how zoning regulations generate spillovers through increased markups and derive conditions under which restricting landownership concentration reduces rents. Using newbuilding-level data from New York City, we...
Persistent link: https://www.econbiz.de/10012421225
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Superstars in two-sided markets : exclusives or not?
Carroni, Elias; Madio, Leonardo; Shekhar, Shiva - 2019
This article studies incentives for a premium provider (Superstar) to offer exclusive contracts to competing platforms mediating the interactions between consumers and firms. When platform competition is intense, more consumers subscribe to the platform hosting the Superstar exclusively. This...
Persistent link: https://www.econbiz.de/10011982399