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Legal Monopoly : Patents and Antitrust Litigation in U.S. Manufacturing, 1970-1998
Khan, B. Zorina - 1999
This paper presents an empirical analysis of the relationship between patenting, innovation, and federal antitrust … enforcement towards firms in the manufacturing sector. I examine whether the likelihood of antitrust litigation is influenced by … antitrust charges for medium and large firms. Smaller firms with faster sales growth are also more likely to be charged with …
Persistent link: https://www.econbiz.de/10012471728
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Kaldor and Piketty’s Facts : The Rise of Monopoly Power in the United States
Eggertsson, Gauti B. - 2018
The macroeconomic data of the last thirty years has overturned at least two of Kaldor's famous stylized growth facts: constant interest rates, and a constant labor share. At the same time, the research of Piketty and others has introduced several new and surprising facts: an increase in the...
Persistent link: https://www.econbiz.de/10012453427
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The Value of Pharmacy Benefit Management
Mulligan, Casey B. - National Bureau of Economic Research - 2022
In theory, equilibrium profits for drug patent holders would not involve significant restraints on production and patient utilization if the market had a mechanism for two-part pricing (Oi 1971) or quantity commitments (Murphy, Snyder, and Topel 2014). In fact, patent expiration has little...
Persistent link: https://www.econbiz.de/10013334448
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Trade Implies Law : The Power of the Weak
Anderson, James E. - 2000
Without the rule of law, traders who incur trading costs can be held up by counter-parties who are stronger in anarchic bargaining. The favourable terms which the latter extract can overcrowd that side of the market, dissipating the benefits. We establish plausible necessary and sufficient...
Persistent link: https://www.econbiz.de/10012471059
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Can Monopoly Unionism Explain Publicly Induced Retirement?
Mulligan, Casey B. - 2000
It has long been suggested that trade unions take actions and favor public policies that reduce the quantity of labor so that union members might enjoy greater labor incomes. Can this explain the prevalence of generous public pension programs inducing retirement? I suggest not, by formalizing...
Persistent link: https://www.econbiz.de/10012471087
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AI Adoption in a Monopoly Market
Gans, Joshua - National Bureau of Economic Research - 2022
The adoption of artificial intelligence (AI) prediction of demand by a monopolist firm is examined. It is shown that, in the absence of AI prediction, firms face complex trade-offs in setting price and quantity ahead of demand that impact on the returns of AI adoption. Different industrial...
Persistent link: https://www.econbiz.de/10013191089
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Protection and the Product Line : Monopoly and Product Quality
Krishna, Kala - 1985
Thereare three points made in this paper. The first is that the question concerning choice of a product line by a monopolist is similar in structure to other adverse selection problems -- and can be analyzed in an elementary way by adapting techniques recently developed for such problems. Such...
Persistent link: https://www.econbiz.de/10012477549
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The Impact of Collective Bargaining : Can the New Facts Be Explained by Monopoly Unionism?
Freeman, Richard B. - 1982
In this paper we focus our attention on the question of whether union/nonunion differences in nonwage outcomes can, in fact, be explained in terms of standard price-theoretic responses to real wage effects, as opposed to the real effect of unionism on economic behavior. We reach three basic...
Persistent link: https://www.econbiz.de/10012478274
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A Competitive Theory of Monopoly Unionism
Lazear, Edward P. - 1981
This paper sets up a microeconomic theory of labor unions. It discusses their formation and goals, their hierarchical structure, and the nature of rent distribution. The theory provides predictions for the probability that an industry or occupation will be unionized, the proportion of that...
Persistent link: https://www.econbiz.de/10012478449
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Social Costs of Monopoly and Regulation
Posner, Richard A. - 1974
model to estimate the social costs of monopoly in the United States, and the social benefits of antitrust enforcement. Part …
Persistent link: https://www.econbiz.de/10012479071