Showing 1 - 10 of 369
Concentration is a single summary statistic driven by two opposing forces: the number of firms in a market and the evenness of their market shares. This paper introduces a generalized measure of concentration that allows researchers to vary the relative importance of each force. Using the...
Persistent link: https://www.econbiz.de/10014468257
dynamic pricing regulation lowers social welfare as the benefit from improved premium stability is outweighed by the cost of … reduced insurer participation. The welfare loss from stricter dynamic pricing regulation could be mitigated if the government …
Persistent link: https://www.econbiz.de/10014226149
's General Data Protection Regulation (GDPR) by using seven years of data from a large global cloud-computing provider. Our …
Persistent link: https://www.econbiz.de/10014486237
With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who care about both common product quality and consumer-influencer interaction. Sellers thus compete in both influencer and product markets. As outreach and...
Persistent link: https://www.econbiz.de/10014287344
We provide an in-depth study of short-term rental (STR) regulation in Chicago. While many municipalities choose between …
Persistent link: https://www.econbiz.de/10014576565
This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price … "rebate traps." Applicable types of regulation include rebate rules, such as the HHS rebate rule and the Insulin Act …
Persistent link: https://www.econbiz.de/10014247918
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information externalities. In a two-firm, two-period model, we characterize equilibrium behavior under policies which disclose whether investment returns exceed a predefined level. These...
Persistent link: https://www.econbiz.de/10013435110
This paper reviews the economic literature on the European Union's General Data Protection Regulation (GDPR). I … highlight key challenges for studying the regulation including the difficulty of finding a suitable control group, variable firm … compliance and regulatory enforcement, as well as the regulation's impact on data observability. The economic literature on the …
Persistent link: https://www.econbiz.de/10013477197
This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We …
Persistent link: https://www.econbiz.de/10014635704
electric utilities have retired coal more slowly than others. We build a structural model of rate-of-return regulation during …
Persistent link: https://www.econbiz.de/10014468287