Narrow search
Showing 1 - 10 of 587
Cover Image
Did the Reform Fix the London Fix Problem?
Ito, Takatoshi - 2017
This paper examines the consequences of the 2015 reform on the London fixing in the interbank forex market, which … behavior after the reform, and the volume spike in the fixing window disappeared. However, the anomalies on price dynamics … to examine the efficiency of banks' behavior after the reform. The volume pattern during the fixing time window suggests …
Persistent link: https://www.econbiz.de/10012958583
Cover Image
Entry and Predation : British Shipping Cartels 1879-1929
Scott Morton, Fiona M. - 2021
I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines. The cartel makes the decision whether or not to begin...
Persistent link: https://www.econbiz.de/10013222218
Cover Image
Antitrust Treatment of Nonprofits : Should Hospitals Receive Special Care?
Capps, Cory S. - 2017
Nonprofit hospitals receive favorable tax treatment in exchange for providing socially beneficial activities. Extending this rationale would suggest that, insofar as suppression of competition would allow nonprofits to cross-subsidize care for needy populations, nonprofit hospital mergers should...
Persistent link: https://www.econbiz.de/10012963743
Cover Image
Competition Laws, Norms and Corporate Social Responsibility
Ding, Wenzhi; Levine, Ross; Lin, Chen; Xie, Wensi - 2022
Theory offers differing perspectives and predictions about the impact of product market competition on corporate social responsibility (CSR). Using firm-level data on CSR from 2002 through 2015 and panel data on competition laws in 48 countries, we discover that intensifying competition induces...
Persistent link: https://www.econbiz.de/10013403124
Cover Image
Competition Laws and Corporate Innovation
Levine, Ross; Lin, Chen; Wei, Lai; Xie, Wensi - 2022
A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...
Persistent link: https://www.econbiz.de/10014258819
Cover Image
Leveraging Monopoly Power by Degrading Interoperability : Theory and Evidence from Computer Markets
Genakos, Christos - 2011
When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...
Persistent link: https://www.econbiz.de/10013122878
Cover Image
Efficiency and Foreclosure Effects of Vertical Rebates : Empirical Evidence
Conlon, Christopher T. - 2013
Vertical rebates are prominently used across a wide range of industries. These con- tracts may induce greater retail effort, but may also prompt retailers to drop competing products. We study these offsetting efficiency and foreclosure effects empirically, using data from one retailer. Using a...
Persistent link: https://www.econbiz.de/10013071298
Cover Image
Marketing Agencies and Collusive Bidding in Online Ad Auctions
Decarolis, Francesco - 2017
The transition of the advertising market from traditional media to the internet has induced a proliferation of marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive bidding can emerge from bid delegation to a common...
Persistent link: https://www.econbiz.de/10012944647
Cover Image
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
Cover Image
Antitrust
Kaplow, Louis - 2010
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10012760415