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Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be...
Persistent link: https://www.econbiz.de/10013129134
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
We develop a framework that may be used to determine the degree to which a school choice program may harm public school stayers by luring the best students to other schools. This framework results in a simple formula showing that the "cream-skimming" effect is increasing in the degree of...
Persistent link: https://www.econbiz.de/10013135400
incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …
Persistent link: https://www.econbiz.de/10013135407
in a hierarchy. The problem of designing an efficient policy to raise the status in this competition of a disadvantaged …
Persistent link: https://www.econbiz.de/10013135413
different compensation regimes. By varying the role that individual competition plays in setting the wage, we are able to … explore whether competition, by itself, can cause differential job entry. The data highlight the power of the compensation …
Persistent link: https://www.econbiz.de/10013135766
the effects of upstream competition vary with distance to frontier on a panel of 15 OECD countries and 20 sectors over …
Persistent link: https://www.econbiz.de/10013136026
Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment, achieving fiscal discipline, and privatizing state owned enterprises. Despite these efforts, the country's economic growth has been lackluster, trailing that of many other...
Persistent link: https://www.econbiz.de/10013137012
first period. However, the male advantage is not found in any subsequent period of competition, or even after a two …-week break from competition. Some evidence suggests that males may actually perform worse than females in later periods. The … design of the competition and the task at hand. Even when the male advantage does exist, it does not persist beyond the …
Persistent link: https://www.econbiz.de/10013137312
longstanding legislative and regulatory calls for increased competition. The material entry of a third rating agency (Fitch) to the … competitive landscape offers a unique experiment to empirically examine how in fact increased competition affects the credit … ratings market. Increased competition from Fitch coincides with lower quality ratings from the incumbents: rating levels went …
Persistent link: https://www.econbiz.de/10013137613