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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
market structure on the supply side, characterized alternatively by monopoly (unique brands), Bertrand differentiated product …
Persistent link: https://www.econbiz.de/10008868165
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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
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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
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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
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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
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How to Auction an Essential Facility When Underhand Integration is Possible
Engel, Eduardo M.R.A.; Fischer, Ronald David; … - National Bureau of Economic Research (NBER) - 2001
There are many industries in which potentially competitive segments require services provided by natural monopoly … agreements between the monopoly bottleneck and downstream firms are possible, Demsetz auctions need floors on bids, since … otherwise welfare can be lower than with an unregulated monopoly. We model an underhand agreement using a standard hidden …
Persistent link: https://www.econbiz.de/10005828661
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Strategic Incompatibility in ATM Markets
Knittel, Christopher R.; Stango, Victor - National Bureau of Economic Research (NBER) - 2006
We test whether firms use incompatibility strategically, using data from ATM markets. High ATM fees degrade the value of competitors' deposit accounts, and can in principle serve as a mechanism for siphoning depositors away from competitors or for creating deposit account differentiation. Our...
Persistent link: https://www.econbiz.de/10005828868
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Competition in or for the Field: Which is Better?
Engel, Eduardo M.R.A.; Fischer, Ronald David; … - National Bureau of Economic Research (NBER) - 2002
to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent …
Persistent link: https://www.econbiz.de/10005830708
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Music for a Song: An Empirical Look at Uniform Song Pricing and its Alternatives
Waldfogel, Joel; Shiller, Ben - National Bureau of Economic Research (NBER) - 2009
Economists have well-developed theories that challenge the wisdom of the common practice of uniform pricing. With digital music as its context, this paper explores the profit and welfare implications of various alternatives, including song-specific pricing, various forms of bundling, two-part...
Persistent link: https://www.econbiz.de/10008610977
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Exclusionary Minimum Resale Price Maintenance
Asker, John; Bar-Isaac, Heski - National Bureau of Economic Research (NBER) - 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/10008756460