Showing 1 - 10 of 221
Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...
Persistent link: https://www.econbiz.de/10012862849
Widely different approaches to rail reform are evident across countries and within Australia. Reforms have involved structural separation (both vertical and horizontal) and varying degrees of private sector involvement. Evidence from Australian experience suggests that no one size fits all. The...
Persistent link: https://www.econbiz.de/10013239340
A significant challenge to empirically testing theories of discrimination has been the difficulty of identifying taste …-based discrimination and of distinguishing it clearly from statistical discrimination. This paper addresses this problem through a two …-part empirical test of taste-based discrimination. First, it constructs measures of revealed preferences, which establish that World …
Persistent link: https://www.econbiz.de/10012771911
There have been over 80 field experiments on traditional dimensions of discrimination in labor and housing markets … since 2000, in 23 countries. These studies nearly always find evidence of discrimination against minorities. However, the … estimates of discrimination in these studies can be biased if there is differential variation in the unobservable determinants …
Persistent link: https://www.econbiz.de/10012991675
We introduce a model of two-sided statistical discrimination in which worker and firm beliefs are complementary. Firms … both empirical analysis designed to detect discrimination and policy meant to alleviate it. Affirmative action is much less … effective than in traditional statistical discrimination models. More generally, we demonstrate the futility of one …
Persistent link: https://www.econbiz.de/10012947657
Housing discrimination is illegal. However, paired-tester audit experiments have revealed evidence of discrimination in … Discrimination Study and micro-level data on key attributes of neighborhoods in 28 US cities, we find strong evidence of … discrimination in the characteristics of neighborhoods towards which individuals are steered. Conditional upon the characteristics of …
Persistent link: https://www.econbiz.de/10012914702
Detecting racial discrimination using observational data is challenging because of the presence of unobservables that … may be correlated with race. Using data made public in the SFFA v. Harvard case, we estimate discrimination in a setting …
Persistent link: https://www.econbiz.de/10013310818
This paper examines how high cost mortgage lending varies by race and ethnicity. It uses a unique panel data that matches a representative sample of mortgages in seven large metropolitan markets between 2004 and 2008 to public records of housing transactions and proprietary credit reporting...
Persistent link: https://www.econbiz.de/10013031298
statistical discrimination …
Persistent link: https://www.econbiz.de/10013324529
A number of formerly regulated multiproduct industries have a transitional or permanent residual regulatory mandate to protect consumers from "excessive" prices. The legislation that deregulated most rail rates contains a statutory mandate for the regulator to protect shippers from "excessive"...
Persistent link: https://www.econbiz.de/10012907724