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Antitrust and Regulation
Carlton, Dennis W. - 2007
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have … operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …
Persistent link: https://www.econbiz.de/10012777652
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Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets
Bushnell, James - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797
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The Competition between Competition Rules
Sinn, Hans-Werner - 2021
Open borders imply systems competition. This paper studies the implications of systems competition for the national competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since abolishing this law makes it possible for a single country...
Persistent link: https://www.econbiz.de/10013227744
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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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Exclusionary Minimum Resale Price Maintenance
Asker, John - 2010
An upstream manufacturer can use minimum retail price maintenance (RPM) to exclude potential competitors. RPM lets the incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down- stream competition and the breakdown of RPM. Hence,...
Persistent link: https://www.econbiz.de/10013135407
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Bundling Among Rivals : A Case of Pharmaceutical Cocktails
Lucarelli, Claudio - 2010
We empirically analyze the welfare effects of cross-firm bundling in the pharmaceutical industry. Physicians often treat patients with "cocktail" regimens that combine two or more drugs. Firms cannot price discriminate because each drug is produced by a different firm and a physician creates the...
Persistent link: https://www.econbiz.de/10013138761
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A State-Dependent Model of Intermediate Goods Pricing
Neiman, Brent - 2010
Recent analyses of transaction-level datasets have generated new stylized facts on price setting and greatly influenced the empirical open- and closed-economy macroeconomics literatures. This work has uncovered marked heterogeneity in price stickiness, demonstrated that even non-zero price...
Persistent link: https://www.econbiz.de/10013139025
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Pricing and Reimbursement in U.S. Pharmaceutical Markets
Berndt, Ernst R. - 2010
In this survey chapter on pricing and reimbursement in U.S. pharmaceutical markets, we first provide background information on important federal legislation, institutional details regarding distribution channel logistics, definitions of alternative price measures, related historical...
Persistent link: https://www.econbiz.de/10013139118
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Income Differences and Prices of Tradables : Insights from an Online Retailer
Simonovska, Ina - 2010
I study the positive relationship between prices of tradable goods and per-capita income. I develop a highly tractable general equilibrium model of international trade with heterogeneous firms and non-homothetic consumer preferences that positively links prices of tradables to consumer income....
Persistent link: https://www.econbiz.de/10013139751
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Staggering and Synchronization in Price-Setting : Evidence from Multipro-Duct Firms
Lach, Saul - 2010
Most of the theoretical literature on price-setting behavior deals with the special case in which only a single price is changed. At the retail-store level, at least, where dozens of products are sold by a single price-setter, price-setting policies are not formulated for individual products....
Persistent link: https://www.econbiz.de/10013140035