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market power (defined as the ability to pay a price for corn that is below its marginal value product net of processing cost …. Our results return a transportation cost of $0.12 per bushel per mile (5% of the corn price under average distance … (16% of the average corn price in the sample), of which $0.34 is explained by spatial differentiation and the rest by the …
Persistent link: https://www.econbiz.de/10012162628
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
corporations in the USA, using publicly-available data. Using the model, I compute firm-level markups and decompose them into: 1) a …
Persistent link: https://www.econbiz.de/10013503368
An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...
Persistent link: https://www.econbiz.de/10012421242
experienced severe, simultaneous price spikes. While frequently attributed to limited pipeline capacity serving the region, we … demonstrate that such price spikes have been exacerbated by some gas distribution firms scheduling deliveries without actually …
Persistent link: https://www.econbiz.de/10011735963
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10011602754
In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...
Persistent link: https://www.econbiz.de/10011481156
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012104132
We apply and extend the cost-based approach to bundling and tying under competition developed in Evans and Salinger (2004a) to over-the-counter pain relievers and cold medicines. We document that consumers pay much less for tablets with multiple ingredients than they would to buy tablets with...
Persistent link: https://www.econbiz.de/10011451375
markets. Channels sell quantities of airtime to advertisers, theunit price of which is determined by the number of viewers …
Persistent link: https://www.econbiz.de/10011400384