Showing 1 - 10 of 2,672
presence of imperfect competition and other distortions/frictions. We decompose these contributions into plant-level resource … reallocations and plant-level technical efficiency changes while allowing in the estimation for 459 different production …
Persistent link: https://www.econbiz.de/10013131308
We study how increased import competition affects the evolution of firm-product technical efficiencies in the small … get from their ”core” good and firms respond to competition by focusing more on their core products. Instrumenting import … competition increases tenfold when one moves from OLS to IV. We close by testing the SP approximation to MPP and reject in eight …
Persistent link: https://www.econbiz.de/10012950824
Governments rescue private companies partly to prevent other firms from gaining excessive market power. However, if failing firms exit, new entry may limit remaining firms' market power if there are potential entrants who can be as effective competitors as the firms leaving the market. We...
Persistent link: https://www.econbiz.de/10013131956
effectiveness, and how the quintessential features of blockchain reshape industrial organization and the landscape of competition … competition, yet the irreducible distribution of information during consensus generation may encourage greater collusion. In …
Persistent link: https://www.econbiz.de/10012925288
In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been …
Persistent link: https://www.econbiz.de/10013224318
Competition in many important industries centers on investment in intellectual property. Firms engage in dynamic …, Schumpeterian competition for the market, through sequential winner-take-all races to produce drastic innovations, rather than … through static price/output competition in the market. Sound antitrust economic analysis of such industries requires explicit …
Persistent link: https://www.econbiz.de/10013248676
Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …
Persistent link: https://www.econbiz.de/10013227744
This paper sets up a microeconomic theory of labor unions. It discusses their formation and goals, their hierarchical structure, and the nature of rent distribution. The theory provides predictions for the probability that an industry or occupation will be unionized, the proportion of that...
Persistent link: https://www.econbiz.de/10013229837
How important are bureaucrats for the productivity of the state? And to what extent do the tradeoffs between different policies depend on the implementing bureaucrats' effectiveness? Using data on 16million public procurement purchases in Russia during 2011–2016, we show that over 40 percent...
Persistent link: https://www.econbiz.de/10012957383
I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of outcomes considered include general consumption patterns at a moment in time, savings and the rate of growth of consumption over time, own (adult) health and inputs into the...
Persistent link: https://www.econbiz.de/10013245743