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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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Taxes and Trading Versus Intensity Standards : Second-Best Environmental Policies with Incomplete Regulation (Leakage) or Market Power
Holland, Stephen P. - 2010
the sum of consumer and producer surplus) in the presence of incomplete regulation (leakage) or market power by analyzing … regulation, I show that under certain conditions an intensity standard can yield higher welfare than any emissions tax (including … relies more on substitution effects than output effects to reduce emissions. With incomplete regulation or market power, this …
Persistent link: https://www.econbiz.de/10013151142
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Modeling Processor Market Power and the Incidence of Agricultural Policy : A Non-Parametric Approach
Goodhue, Rachael E. - 2011
This paper examines interactions between market power and agricultural policy in the U.S. wheat flour milling industry using a non-parametric approach. The analysis focuses on marketing loan and pre-1986 deficiency payment programs; farmers' payments from these programs are dependent on whether...
Persistent link: https://www.econbiz.de/10013131272
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Are All Trade Protection Policies Created Equal? Empirical Evidence for Nonequivalent Market Power Effects of Tariffs and Quotas
Blonigen, Bruce A. - 2010
Over the past decades, the steel industry has been protected by a wide variety of trade policies, both tariff- and quota-based. We exploit this extensive heterogeneity in trade protection to examine the well-established theoretical literature predicting nonequivalent effects of tariffs and...
Persistent link: https://www.econbiz.de/10013137772
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The Antitrust Analysis of Multi-Sided Platform Businesses
Evans, David S. - 2013
This Chapter provides a survey of the economics literature on multi-sided platforms with particular focus on … the general industrial organization theory of multi-sided platforms and then considers various issues concerning the … economic models, often relied on for antitrust analysis, apply to multi-sided platforms without explicitly considering the …
Persistent link: https://www.econbiz.de/10013087056
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Concentrating on the Fall of the Labor Share
Autor, David H. - 2017
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a “superstar firm” model where industries are increasingly characterized by “winner take most” competition, leading a small number of highly profitable (and...
Persistent link: https://www.econbiz.de/10012964393
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Insurer Bargaining and Negotiated Drug Prices in Medicare Part D
Lakdawalla, Darius N. - 2009
A controversial feature of Medicare Part D is its reliance on private insurers to negotiate drug prices and rebates with retail pharmacies and drug manufacturers. Central to this controversy is whether increases in market power--an undesirable feature in most settings--confer benefits in health...
Persistent link: https://www.econbiz.de/10013156429
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Optimal Choice of Product Scope for Multiproduct Firms Under Monopolistic Competition
Feenstra, Robert C. - 2008
In this paper we develop a monopolistic competition model where firms exercise their market power across multiple products. Even with CES preferences, markups are endogenous. Firms choose their optimal product scope by balancing the net profits from a new variety against the costs of...
Persistent link: https://www.econbiz.de/10012773111
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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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The Trade Reducing Effects of Market Power in International Shipping
Hummels, David L. - 2007
Developing countries pay substantially higher transportation costs than developed nations, which leads to less trade and perhaps lower incomes. This paper investigates price discrimination in the shipping industry and the role it plays in determining transportation costs. In the presence of...
Persistent link: https://www.econbiz.de/10012777612