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information. Can a bargaining environment that facilitates or restricts communication alleviate these costs? We exploit a unique …, using text analysis, that the dynamics are consistent with repeat players learning how to use communication in bargaining …Bargaining breakdown--whether as delay, conflict, or missing trade--plagues bargaining in environments with incomplete …
Persistent link: https://www.econbiz.de/10012482204
We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of Justice (DOJ) between 1971 and 2018. Using restricted establishment-level microdata from the U.S. Census, we compare the economic outcomes of a non-tradable industry in states...
Persistent link: https://www.econbiz.de/10014337831
Between 2000 and 2020, the share of US hospital bed capacity under multi-unit firms (systems) increased from 58% to 81% - a rapid corporatization of a sector with $1.3 trillion in annual spend. However, little is known about how system ownership affects hospital profitability and quality. We...
Persistent link: https://www.econbiz.de/10014421201
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
We develop a simple model to explain why a powerful importer country like the United States may provide political support for international collusive agreements concerning certain commodities (e.g., coffee). This behavior raises questions due to the fact that an importer country should have...
Persistent link: https://www.econbiz.de/10013334385
basis of suspicious bidding patterns and cartels can adapt to the statistical screens used by regulators. We emphasize the …
Persistent link: https://www.econbiz.de/10013334437
Over the past decade, an increasing number of firms have delegated pricing decisions to algorithms in consumer markets such as travel, entertainment, and retail; business markets such as digital advertising; and platform markets such as ride-sharing. This trend, driven primarily by the increased...
Persistent link: https://www.econbiz.de/10014576568
We analyze the economic consequences of rising health care prices in the US. Using exposure to price increases caused by horizontal hospital mergers as an instrument, we show that rising prices raise the cost of labor by increasing employer-sponsored health insurance premiums. A 1% increase in...
Persistent link: https://www.econbiz.de/10014576642
improving the elicitation wording, coding experiments, and producing documentation. Second, we discuss the implementation of … experiments using LLMs, focusing on enhancing causal inference by creating consistent experiences, improving comprehension of …
Persistent link: https://www.econbiz.de/10014372436
We use a longitudinal dataset measuring beliefs and behaviors to study the dynamics of model - or narrative - adoption during the Covid-19 pandemic. We show that individuals switch beliefs about the effectiveness of preventive behaviors following changes in perceived risk. The adoption of...
Persistent link: https://www.econbiz.de/10014512096