Similar Search Results

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

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

Wang, Yifei - 2020

-through of these costs to borrowers and depositors, while facing capital and reserve regulation. We find that bank market power …We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a … dynamic banking model in which monetary policy affects imperfectly competitive banks' funding costs. Banks optimize the pass …

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

Did the HMO Revolution Cause Hospital Consolidation?

Town, Robert - 2005

During the 1990s US healthcare markets underwent a significant transformation. Managed care rose to become the dominant form of insurance in the private sector. Also, a wave of hospital consolidation occurred. In 1990, the mean population-weighted hospital Herfindahl-Hirschman Index (HHI) in a...

Persistent link: https://www.econbiz.de/10012467598

Landed Interests and Financial Underdevelopment in the United States

Rajan, Raghuram G. - 2008

Landed elites in the United States in the early decades of the twentieth century played a significant role in restricting the development of finance. States that had higher land concentration passed more restrictive banking legislation. At the county level, counties with very concentrated land...

Persistent link: https://www.econbiz.de/10012464300

Change, Consolidation, and Competition in Health Care Markets

Gaynor, Martin - 1998

The health care industry is being transformed. Large firms are merging and acquiring other firms. Alliances and contractual relations between players in this market are shifting rapidly. Within the next few years, many markets are predicted to be dominated by a few large firms. Antitrust...

Persistent link: https://www.econbiz.de/10012472112

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

The Fall of the Labor Share and the Rise of Superstar Firms

Autor, David - 2017

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...

Persistent link: https://www.econbiz.de/10012455285

Concentrating on the Fall of the Labor Share

Autor, David - 2017

The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...

Persistent link: https://www.econbiz.de/10012455573

The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power

Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - National Bureau of Economic Research - 2021

. Reductions in search costs increase market concentration, lower the labor income share, and increase wage inequality …

Persistent link: https://www.econbiz.de/10012482710

Concentration, Market Power, and Misallocation : The Role of Endogenous Customer Acquisition

Afrouzi, Hassan; Drenik, Andres; Kim, Ryan - National Bureau of Economic Research - 2023

This paper explores how different margins of market share are related to markups. Using merged microdata on producers and consumers, we document that a firm's market share is mainly related to its number of customers, while its price-cost markup is associated only with its average sales per...

Persistent link: https://www.econbiz.de/10014322802