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assesses the effects of a US international reference pricing policy that would cap prices in US markets by those offered in … simulate the counterfactual equilibrium under such international reference pricing rules, allowing firms to internalize the … cross-country externalities introduced by these policies. We find that in general, these policies would result in much …
Persistent link: https://www.econbiz.de/10013210081
National industrial concentration in the U.S. has risen sharply since the early 1980s, but there remains dispute over whether local geographic concentration has followed a similar trend. Using near population data from the Economic Censuses, we confirm and extend existing evidence on national...
Persistent link: https://www.econbiz.de/10014250148
We study the relationship between firm centralization and organizational reproduction in satellite locations. For decentralized firms, the ethnic compositions of inventors in satellite locations mostly resemble their host cities, with little link to the inventor composition of their parent...
Persistent link: https://www.econbiz.de/10014372481
This survey provides an overview of theoretical and empirical research on information flows in corporations. It highlights key frictions preventing effective information flows and discusses how organizational structure and corporate governance can alleviate these frictions, focusing on three...
Persistent link: https://www.econbiz.de/10014287310
This paper empirically examines the effects of financial crises on the organization of production of multinational …
Persistent link: https://www.econbiz.de/10014287317
We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...
Persistent link: https://www.econbiz.de/10014287330
attributed to increased productive efficiency, while the rest comes from dynamic efficiency through changes in production …
Persistent link: https://www.econbiz.de/10014635690
New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...
Persistent link: https://www.econbiz.de/10012471622
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
Agglomeration is a location pattern frequently observed in service industries such as hotels. This paper empirically examines if agglomeration facilitates tacit collusion in the lodging industry using a quarterly dataset of hotels that operated in rural areas across Texas between 2003 and 2005....
Persistent link: https://www.econbiz.de/10012461919