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The Gains and Losses From Industrial Concentration

Peltzman, Sam - 1977

In essence, this paper will try to decompose the concentration-profits relationship into separate concentration-price arid concentration-cost relationships. By doing this, I hope to shed light on some of the allocative and distributive issues that, I suspect, give the subject its intrinsic...

Persistent link: https://www.econbiz.de/10012478966

Oligopoly Deregulation in General Equilibrium : A Tax Neutralization Result

Metcalf, Gilbert E. - 2003

We examine the interplay between market structure and the form that commodity taxation should take in a general equilibrium model in which firms produce differentiated products and so are able to exert market power. Our analysis takes account of two important recent developments that affect...

Persistent link: https://www.econbiz.de/10012469287

The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market

Wolak, Frank A. - 2001

This paper argues that the market rules governing the operation of the England and Wales electricity market in combination with the structure of this market presents the two major generators National Power and PowerGen with opportunities to earn revenues substantially in excess of their costs of...

Persistent link: https://www.econbiz.de/10012470476

Two-Sided Market Power in Firm-to-Firm Trade

Alviarez, Vanessa I.; Fioretti, Michele; Kikkawa, Ken; … - National Bureau of Economic Research - 2023

We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete,...

Persistent link: https://www.econbiz.de/10014287354

Spatial Competition, Strategic Entry Responses, and the North Dakota Railroad War of 1905

Syverson, Chad - National Bureau of Economic Research - 2024

The North Dakota Railroad War of 1905, which pitted a potential entrant (the Soo Line) against an established monopolist incumbent (the Great Northern Railway), offers a lucid empirical example of strategic behavior, and in particular the potential for entry deterrence through product...

Persistent link: https://www.econbiz.de/10014576577

A New Metric for Banking Integration in Europe

Gropp, Reint - 2009

taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

Persistent link: https://www.econbiz.de/10012463912

Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers

Bernheim, B. Douglas - 2005

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Persistent link: https://www.econbiz.de/10012467161

Bank Market Power and Monetary Policy Transmission : Evidence from a Structural Estimation

Wang, Yifei - 2020

We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a …-through of these costs to borrowers and depositors, while facing capital and reserve regulation. We find that bank market power … explains much of the transmission of monetary policy to borrowers, with an effect comparable to that of bank capital regulation …

Persistent link: https://www.econbiz.de/10012481840

Consolidation of Banks in Japan : Causes and Consequences

Hosono, Kaoru - 2007

We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though...

Persistent link: https://www.econbiz.de/10012465251

Capital Requirements in a Quantitative Model of Banking Industry Dynamics

Corbae, Dean - 2019

bank risk taking, commercial bank failure, interest rates on loans, and market structure. We propose a market structure … addition to aggregate shocks to the fraction of performing loans in their portfolio. A nontrivial bank size distribution arises … consistent with untargeted business cycle properties, the bank lending channel, and empirical studies of the role of …

Persistent link: https://www.econbiz.de/10012479380

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