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Competition and Price Dispersion in the U.S. Airline Industry

Borenstein, Severin - 1991

This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such … variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on … a route averages thirty-six percent of the airline's average ticket price on the route. The pattern of price dispersion …

Persistent link: https://www.econbiz.de/10012475215

First Cabin Fares from New York to the British Isles, 1826-1914

Dupont, Brandon - 2016

We present a continuous time series on first cabin passenger fares for ocean travel from New York to the British Isles covering nearly a century of time. We discuss the conceptual and empirical difficulties of constructing such a time series, and examine the reasons for differences between the...

Persistent link: https://www.econbiz.de/10012456251

Reaching for Yield in the Bond Market

Becker, Bo - 2013

Reaching-for-yield--investors' propensity to buy riskier assets in order to achieve higher yields--is believed to be an important factor contributing to the credit cycle. This paper presents a detailed study of this phenomenon in the corporate bond market. We show that insurance companies, the...

Persistent link: https://www.econbiz.de/10012459752

Mutual Fund Revenue Sharing in 401(k) Plans

Pool, Veronika K.; Sialm, Clemens; Stefanescu, Irina - National Bureau of Economic Research - 2022

Recordkeepers in DC pension plans are often paid indirectly in the form of revenue sharing from third-party funds on the menu. We show that these arrangements affect the investment menu of 401(k) plans. Revenue-sharing funds are more likely to be added to the menu and are less likely to be...

Persistent link: https://www.econbiz.de/10013477213

Empirical Models of Demand and Supply in Differentiated Products Industries

Gandhi, Amit; Nevo, Aviv - National Bureau of Economic Research - 2021

This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We present empirical models of demand and supply in differentiated products industries with an emphasis on the key ideas arising from the recent applied literature. We start with a discussion of...

Persistent link: https://www.econbiz.de/10012629477

Estimating Equilibrium in Health Insurance Exchanges : Price Competition and Subsidy Design under the ACA

Tebaldi, Pietro - National Bureau of Economic Research - 2022

In government-sponsored health insurance, subsidy design affects market outcomes. First, holding premiums fixed, subsidies determine insurance uptake and average cost. Insurers then respond to these changes, adjusting premiums. Combining data from the first four years of the California ACA...

Persistent link: https://www.econbiz.de/10013172168

Does Entry Remedy Collusion? Evidence from the Generic Prescription Drug Cartel

Starc, Amanda; Wollmann, Thomas G. - National Bureau of Economic Research - 2022

Entry represents a fundamental threat to cartels engaged in price fixing. We study the extent and effect of this behavior in the largest price fixing case in US history, which involves generic drugmakers. To do so, we link information on the cartel's internal operations to regulatory filings and...

Persistent link: https://www.econbiz.de/10013172185

From Good to Bad Concentration? U.S. Industries over the past 30 years

Covarrubias, Matias - 2019

We study the evolution of profits, investment and market shares in US industries over the past 40 years. During the 1990's, and at low levels of initial concentration, we find evidence of efficient concentration driven by tougher price competition, intangible investment, and increasing...

Persistent link: https://www.econbiz.de/10012479932

More Amazon Effects : Online Competition and Pricing Behaviors

Cavallo, Alberto - 2018

I study how online competition, with its algorithmic pricing technologies and the transparency of the Internet, can change the pricing behavior of large retailers and affect aggregate inflation dynamics. In particular, I show that online competition has raised both the frequency of price changes...

Persistent link: https://www.econbiz.de/10012480790

Understanding Markups in the Open Economy under Bertrand Competition

de Blas, Beatriz - 2010

The purpose of this paper is to understand the effects of endogenous markups and trade costs on the pricing behavior of exporters when firms are heterogeneous in productivity. Using new analytical distributions for markups under Bertrand competition, we uncover Ricardian patterns of export...

Persistent link: https://www.econbiz.de/10012462070