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Liquidity Rules and Credit Booms
Hachem, Kinda - 2016
We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …
Persistent link: https://www.econbiz.de/10013001209
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Bank Market Power and Monetary Policy Transmission : Evidence from a Structural Estimation
Wang, Yifei; Whited, Toni M.; Wu, Yufeng; Xiao, Kairong - 2021
We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a …-through of these costs to borrowers and depositors, while facing capital and reserve regulation. We find that bank market power … explains much of the transmission of monetary policy to borrowers, with an effect comparable to that of bank capital regulation …
Persistent link: https://www.econbiz.de/10013310245
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A Theory of Outsourcing and Wage Decline
Holmes, Thomas J. - 2010
We develop a theory of outsourcing in which there is market power in one factor market (labor) and no market power in a second factor market (capital). There are two intermediate goods: one labor-intensive and the other capital-intensive. We show there is always outsourcing in the market...
Persistent link: https://www.econbiz.de/10012757588
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Understanding Crude Oil Prices
Hamilton, James D. - 2010
This paper examines the factors responsible for changes in crude oil prices. The paper reviews the statistical behavior of oil prices, relates these to the predictions of theory, and looks in detail at key features of petroleum demand and supply. Topics discussed include the role of commodity...
Persistent link: https://www.econbiz.de/10012758150
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Market Power and Exchange Rate Adjustment in the Presence of Quotas
Aizenman, Joshua - 2010
This paper investigates the dependency of the adjustment of prices, exchange rates, and production on the nature of the trade regime. We contrast the adjustment between a quota and a tariff regime for a 'semi-small' economy characterized by monopolistic competitive market structure and short-run...
Persistent link: https://www.econbiz.de/10012760281
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Cementing Relationships : Vertical Integration, Foreclosure, Productivity, and Prices
Hortacsu, Ali - 2010
This paper empirically investigates the possible market power effects of vertical integration proposed in the theoretical literature on vertical foreclosure. It uses a rich data set of cement and ready-mixed concrete plants that spans several decades to perform a detailed case study. There is...
Persistent link: https://www.econbiz.de/10012760386
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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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Subsidy Targeting with Market Power
Polyakova, Maria - 2019
In-kind public transfers are commonly targeted based on observable characteristics of potential recipients. This paper argues that when the subsidized good is provided by imperfectly-competitive firms, targeting can give rise to a “demographic externality,” creating unintended redistribution...
Persistent link: https://www.econbiz.de/10012861218
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Labor Market Power
Berger, David - 2019
We develop a tractable quantitative, general equilibrium, oligopsony model of the labor market that we use to measure the macroeconomic implications of labor market power. Strategic interaction complicates inference of parameters that are key to this exercise. To address this challenge, we...
Persistent link: https://www.econbiz.de/10012889474
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Market Power and Income Taxation
Kaplow, Louis - 2019
Does significant market power or the presence of large rents affect optimal income taxation, calling for greater redistribution due to tainted gains? Or perhaps less because of an additional wedge that distorts labor effort? Do concerns about inequality have implications for antitrust,...
Persistent link: https://www.econbiz.de/10012891788