Showing 1 - 10 of 398
We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and Klemperer (1996), connecting their theoretical results...
Persistent link: https://www.econbiz.de/10010951042
We measure the impact of increased health insurer competition on negotiated hospital prices using detailed 2004 California claims data. We develop a theoretical bargaining model to moti--vate our empirical analysis, and use the competitiveness of Kaiser Permanente, a large vertically integrated...
Persistent link: https://www.econbiz.de/10010951472
This paper reviews the literature devoted to studying markets for health care services and health insurance. There has been tremendous growth and progress in this field. A tremendous amount of new research has been done in this area over the last 10 years. In addition, there has been increasing...
Persistent link: https://www.econbiz.de/10009223314
We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more small bidders, shift the allocation towards these...
Persistent link: https://www.econbiz.de/10005830377
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
We study the effects of antitrust policy in industries with continual innovation. A more protective antitrust policy … may have conflicting effects on innovation incentives, raising the profits of new entrants, but lowering those of … continuing incumbents. We show that the direction of the net effect can be determined by analyzing shifts in innovation benefit …
Persistent link: https://www.econbiz.de/10005061572
Search frictions can explain why the "law of one price" fails in retail markets and why even firms selling commodity products have pricing power. In online commerce, physical search costs are low, yet price dispersion is common. We use browsing data from eBay to estimate a model of consumer...
Persistent link: https://www.econbiz.de/10010951027
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
We study financial reporting and corporate governance in 218 companies accused of price fixing. These firms engage in evasive financial reporting strategies, including earnings smoothing, segment reclassification, and restatements. In corporate governance, cartel firms favor outside directors...
Persistent link: https://www.econbiz.de/10010969328
channels through which a merger makes consumers worse off in the presence of platform sharing. …
Persistent link: https://www.econbiz.de/10005084694