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Biases in Static Oligopoly Models? Evidence from the California Electricity Market

Knittel, Christopher R.; Kim, Dae-Wook - National Bureau of Economic Research (NBER) - 2004

Estimating market power is often complicated by the lack of reliable measures of marginal cost. Instead, policy …-makers often rely on other summary statistics of the market, thought to be correlated with price cost margins---such as … direct measures of marginal cost for the California electricity market to measure the extent to which estimated mark-ups and …

Persistent link: https://www.econbiz.de/10004976962

Does Privatized Health Insurance Benefit Patients or Producers? Evidence from Medicare Advantage

Cabral, Marika; Geruso, Michael; Mahoney, Neale - National Bureau of Economic Research (NBER) - 2014

advantageous selection into MA cannot explain this incomplete pass-through. Instead, our evidence suggests that insurer market …

Persistent link: https://www.econbiz.de/10011105228

Mark-up and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan

Verhoogen, Eric; Atkin, David; Chaudhry, Azam; Chaudry, … - National Bureau of Economic Research (NBER) - 2015

Researchers typically invoke theoretical assumptions to estimate mark-ups. Instead, we directly obtain mark-ups by surveying Pakistani soccer-ball producers. We document six facts: (1) Mark-ups are more dispersed than costs; (2) Mark-ups and costs increase with firm size; (3) The mark-up...

Persistent link: https://www.econbiz.de/10011123624

Platform Pricing at Sports Card Conventions

Rysman, Marc; Jin, Ginger Zhe - National Bureau of Economic Research (NBER) - 2012

consumer price, dealer price and, since most conventions are local, the market structure for conventions. We present several …

Persistent link: https://www.econbiz.de/10011188519

You Get a Book! Demand Spillovers, Combative Advertising, and Celebrity Endorsements

Garthwaite, Craig L. - National Bureau of Economic Research (NBER) - 2012

market size. The endorsements decrease aggregate adult fiction sales; likely as a result of the endorsed books being more …

Persistent link: https://www.econbiz.de/10011188550

Prices, Markups and Trade Reform

De Loecker, Jan K.; Goldberg, Pinelopi; Pavcnik, Nina; … - National Bureau of Economic Research (NBER) - 2012

estimate markups from production data with multi-product firms. This approach does not require assumptions on the market …

Persistent link: https://www.econbiz.de/10011188560

Endogenous Horizontal Product Differentiation under Bertrand and Cournot Competition: Revisiting the Bertrand Paradox

Brander, James A.; Spencer, Barbara - National Bureau of Economic Research (NBER) - 2015

This paper provides a new and simple model of endogenous horizontal product differentiation based on a standard demand structure derived from quadratic utility. One objective of the paper is to explain the “empirical Bertrand paradox” – the failure to observe homogeneous product Bertrand...

Persistent link: https://www.econbiz.de/10011189108

Intra-Industry Trade with Bertrand and Cournot Oligopoly: The Role of Endogenous Horizontal Product Differentiation

Brander, James A.; Spencer, Barbara - National Bureau of Economic Research (NBER) - 2015

This paper investigates the effect of endogenous horizontal product differentiation on trade patterns and the gains from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if the investment required is not too high. Investment in...

Persistent link: https://www.econbiz.de/10011196773

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

Market Thickness and the Impact of Unemployment on Housing Market Outcomes

Gan, Li; zhang, qinghua - National Bureau of Economic Research (NBER) - 2013

This paper develops a search-matching model to study the impact of the unemployment rate on the housing market in the … presence of the thick market effect. We estimate the structural model using Texas city-level data that covers three years, 1990 …, 2000 and 2010. Our structural estimation helps identify the channel through which the thick market effect amplifies the …

Persistent link: https://www.econbiz.de/10010821700