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Liquidity Rules and Credit Booms
Hachem, Kinda - 2016
interbank pricing power. Attempts to circumvent the regulation change the allocation of savings across institutions, eliciting …
Persistent link: https://www.econbiz.de/10013001209
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Trade Policy and Market Power : the Case of the Us Steel Industry
Blonigen, Bruce A. - 2008
A primary function of trade policy is to restrict imports to benefit the targeted domestic sector. However, a well-established theoretical literature highlights that the form of trade policy (e.g., quotas versus tariffs) can have a significant impact on how much trade policy affects firms'...
Persistent link: https://www.econbiz.de/10012773177
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Market Power and Price Discrimination in the U.S. Market for Higher Education
Epple, Dennis - 2017
The main purpose of this paper is to estimate an equilibrium model of private and public school competition that can … generate realistic pricing patterns for private universities in the U.S. We show that the parameters of the model are …
Persistent link: https://www.econbiz.de/10012957373
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Are Health Insurance Markets Competitive?
Dafny, Leemore S. - 2009
Although the vast majority of Americans have private health insurance, researchers focus almost exclusively on public provision. Data on the private insurance sector is extremely difficult to obtain because health insurance contracts are complex, renegotiated annually, and not subject to...
Persistent link: https://www.econbiz.de/10012765582
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Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries
Schmalensee, Richard; Evans, David S. - 2021
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
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Making Friends with Your Neighbors? Agglomeration and Tacit Collusion in the Lodging Industry
Gan, Li - 2011
Agglomeration is a location pattern frequently observed in service industries such as hotels. This paper empirically …
Persistent link: https://www.econbiz.de/10013130967
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Smokescreen : How Managers Behave When They Have Something to Hide
Artiga González, Tanja - 2013
We study financial reporting and corporate governance in 218 companies accused of price fixing. These firms engage in evasive financial reporting strategies, including earnings smoothing, segment reclassification, and restatements. In corporate governance, cartel firms favor outside directors...
Persistent link: https://www.econbiz.de/10013085128
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Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels
Knittel, Christopher R. - 2010
countercyclical. We also establish pricing patterns with respect to the relative prices in booms and recessions. If the marginal cost … intermediate range, numerical examples are calculated to show specific pricing patterns …
Persistent link: https://www.econbiz.de/10012760596
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Price Cutting and Business Stealing in Imperfect Cartels
Bernheim, B. Douglas - 2014
Though economists have made substantial progress toward formulating theories of collusion in industrial cartels that account for a variety of fact patterns, important puzzles remain. Standard models of repeated interaction formalize the observation that cartels keep participants in line through...
Persistent link: https://www.econbiz.de/10013056583
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Was the Forex Fixing Fixed?
Ito, Takatoshi - 2015
“Fixing” of the exchange rate (price) is a rule among the Forex market participating institutions to set a reference/settlement price for the day. Major fixings occur at 9:55 am Tokyo time for transactions between Japanese banks and their customers, and at 4:00 pm London time for...
Persistent link: https://www.econbiz.de/10013016022