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The Effect of Mergers on Consumer Prices: Evidence from Five Selected Case Studies
Ashenfelter, Orley; Hosken, Daniel - National Bureau of Economic Research (NBER) - 2008
In this paper we propose a method to evaluate the effectiveness of U.S. horizontal merger policy and apply it to the … study of five recent consumer product mergers. We selected the mergers from those that, from the public record, seemed to be … mergers. Our study employs retail scanner data and uses familiar panel data program evaluation procedures to measure price …
Persistent link: https://www.econbiz.de/10005777461
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Did Robert Bork Understate the Competitive Impact of Mergers? Evidence from Consummated Mergers
Ashenfelter, Orley; Hosken, Daniel; Weinberg, Matthew C. - National Bureau of Economic Research (NBER) - 2014
of oligopoly concerns resulting from mergers. In this paper, we provide a critique of Bork's views on merger policy from …In The Antitrust Paradox, Robert Bork viewed most mergers as either competitively neutral or efficiency enhancing. In … his view, only mergers creating a dominant firm or monopoly were likely to harm consumers. Bork was especially skeptical …
Persistent link: https://www.econbiz.de/10010950952
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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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House Prices, Local Demand, and Retail Prices
Stroebel, Johannes; Vavra, Joseph - National Bureau of Economic Research (NBER) - 2014
We use detailed micro data to document a causal response of local retail price to changes in house prices, with elasticities of 15%-20% across housing booms and busts. Notably, these price responses are largest in zip codes with many homeowners, and non-existent in zip codes with mostly renters....
Persistent link: https://www.econbiz.de/10011269065
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Do Firms Use Coupons and In-store Discounts to Strategically Market Experience Goods Over the Consumption Life-Cycle? The Case of Cigarettes
Sfekas, Andrew; Lillard, Dean R. - National Bureau of Economic Research (NBER) - 2013
Cigarettes are experience goods - most of their utility value only gets revealed when one consumes them. We hypothesize a three phase consumer life cycle for experience goods. Consumers initially do not know their utility from the good or their preferences for particular characteristics, and may...
Persistent link: https://www.econbiz.de/10010951451
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Search Frictions and Market Power in Negotiated Price Markets
Allen, Jason; Clark, Robert; Houde, Jean-François - National Bureau of Economic Research (NBER) - 2014
This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with frictions in oligopoly markets with negotiated prices. We use the model to quantify the consumer surplus loss induced by the presence of search frictions in the Canadian mortgage...
Persistent link: https://www.econbiz.de/10010821788
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Factoryless Goods Producers in the US
Bernard, Andrew B.; Fort, Teresa C. - National Bureau of Economic Research (NBER) - 2013
This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the production of manufactured goods. Using new data on...
Persistent link: https://www.econbiz.de/10010951289
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Consumer Heterogeneity and Paid Search Effectiveness: A Large Scale Field Experiment
Blake, Tom; Nosko, Chris; Tadelis, Steven - National Bureau of Economic Research (NBER) - 2014
Internet advertising has been the fastest growing advertising channel in recent years with paid search ads comprising the bulk of this revenue. We present results from a series of large scale field experiments done at eBay that were designed to measure the causal effectiveness of paid search...
Persistent link: https://www.econbiz.de/10011262794
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Raising the Barcode Scanner: Technology and Productivity in the Retail Sector
Basker, Emek - National Bureau of Economic Research (NBER) - 2012
Barcodes and barcode scanners transformed the grocery industry in the 1970s. I use store-level data from the 1972, 1977 …
Persistent link: https://www.econbiz.de/10009652909
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A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market
Graddy, Kathryn; Hall, George - National Bureau of Economic Research (NBER) - 2009
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...
Persistent link: https://www.econbiz.de/10004992015