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Export or Merge? Proximity vs. Concentration in Product Space

Muendler, Marc-Andreas - National Bureau of Economic Research (NBER) - 2013

This paper proposes a proximity-concentration tradeoff in product space as a determinant of horizontal foreign direct investment (FDI). Firms that enter a foreign market by exporting are able to capture consumer surplus from introducing a differentiated product with characteristics that the...

Persistent link: https://www.econbiz.de/10010723400

Antitrust

Kaplow, Louis; Shapiro, Carl - National Bureau of Economic Research (NBER) - 2007

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/10005049968

Weak Versus Strong Net Neutrality

Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2014

This paper provides a framework to classify and evaluate the impact of net neutrality regulations on the allocation of consumer attention and the distribution of surplus between consumers, ISPs and content providers. While the model provided largely nests other contributions in the literature,...

Persistent link: https://www.econbiz.de/10010821684

Text-Based Network Industries and Endogenous Product Differentiation

Phillips, Gordon M.; Hoberg, Gerard - National Bureau of Economic Research (NBER) - 2010

We study how firms differ from their competitors using new time-varying measures of product differentiation based on text-based analysis of product descriptions from 50,673 firm 10-K statements filed yearly with the Securities and Exchange Commission. This year-by-year set of product...

Persistent link: https://www.econbiz.de/10008622318

A Primer on the Economics of Prescription Pharmaceutical Pricing in Health Insurance Markets

Berndt, Ernst R.; McGuire, Thomas G.; Newhouse, Joseph P. - National Bureau of Economic Research (NBER) - 2011

The pricing of medical products and services in the U.S. is notoriously complex. In health care, supply prices (those received by the manufacturer) are distinct from demand prices (those paid by the patient) due to health insurance. The insurer, in designing the benefit, decides what prices...

Persistent link: https://www.econbiz.de/10008868165

Market Structure and Innovation: A Dynamic Analysis of the Global Automobile Industry

Hashmi, Aamir Rafique; Van Biesebroeck, Johannes - National Bureau of Economic Research (NBER) - 2010

We study the relationship between market structure and innovation in the global automobile industry from 1982 to 2004 … using the dynamic industry framework of Ericson and Pakes (1995). Firms optimally choose a continuous level of innovation in … parameter -- the cost of innovation. In terms of the relationship between market structure and innovation, we find that: (1) At …

Persistent link: https://www.econbiz.de/10008614658

Political Competitiveness

Mulligan, Casey; Tsui, Kevin K. - National Bureau of Economic Research (NBER) - 2006

Political competitiveness - which many interpret as the degree of democracy - can be modeled as a monopolistic competition. All regimes are constrained by the threat of "entry," and thereby seek some combination of popular support and political entry barriers. This simple model predicts that...

Persistent link: https://www.econbiz.de/10005248710

Did the HMO Revolution Cause Hospital Consolidation?

Town, Robert; Wholey, Douglas; Feldman, Roger; Burns, … - National Bureau of Economic Research (NBER) - 2005

During the 1990s US healthcare markets underwent a significant transformation. Managed care rose to become the dominant form of insurance in the private sector. Also, a wave of hospital consolidation occurred. In 1990, the mean population-weighted hospital Herfindahl-Hirschman Index (HHI) in a...

Persistent link: https://www.econbiz.de/10005710459

Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships

Fisman, Raymond; Raturi, Mayank - National Bureau of Economic Research (NBER) - 2003

Previous work has claimed that monopoly power facilitates the provision of credit, since monopolists are better able to enforce payment. Here, we argue that if relationship-specific investments are required by borrowers to establish creditworthiness, monopoly power may reduce credit provision...

Persistent link: https://www.econbiz.de/10005710504

Why Tie A Product Consumers Do Not Use?

Carlton, Dennis W.; Waldman, Michael; Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2007

This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...

Persistent link: https://www.econbiz.de/10005714129

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