Similar Search Results

Taxes and Trading versus Intensity Standards : Second-Best Environmental Policies with Incomplete Regulation (Leakage) or Market Power

Holland, Stephen P. - 2009

the sum of consumer and producer surplus) in the presence of incomplete regulation (leakage) or market power by analyzing … regulation, I show that under certain conditions an intensity standard can yield higher welfare than any emissions tax (including … more on substitution effects than output effects to reduce emissions. With incomplete regulation or market power, this …

Persistent link: https://www.econbiz.de/10012463388

Paying off the Competition : Market Power and Innovation Incentives

Li, Xuelin; Lo, Andrew W.; Thakor, Richard T. - National Bureau of Economic Research - 2021

How does a firm's market power in existing products affect its incentives to innovate? We explore this fundamental question using granular project-level and firm-level data from the pharmaceutical industry, focusing on a particular mechanism through which incumbent firms maintain their market...

Persistent link: https://www.econbiz.de/10012585448

The Evolution of Market Power in the US Auto Industry

Grieco, Paul L. E.; Murry, Charles; Yurukoglu, Ali - National Bureau of Economic Research - 2021

We construct measures of industry performance and welfare in the U.S. car and light truck market from 1980-2018. We estimate a differentiated products demand model for this market using product level data on market shares, prices, and product characteristics, and consumer level data on...

Persistent link: https://www.econbiz.de/10012599303

Inertia, Market Power, and Adverse Selection in Health Insurance : Evidence from the ACA Exchanges

Saltzman, Evan; Swanson, Ashley; Polsky, Daniel - National Bureau of Economic Research - 2021

We study how inertia interacts with market power and adverse selection in managed competition health insurance markets. We use consumer-level data to estimate a model of the California ACA exchange, in which four firms dominate the market and risk adjustment is in place to manage selection. We...

Persistent link: https://www.econbiz.de/10012599387

Data and Market Power

Eeckhout, Jan; Veldkamp, Laura - National Bureau of Economic Research - 2022

Might firms' use of data create market power? To explore this hypothesis, we craft a model in which economies of scale in data induce a data-rich firm to invest in producing at a lower marginal cost and larger scale. However, the model uncovers much richer interactions between data, welfare and...

Persistent link: https://www.econbiz.de/10013210050

Are Managers Paid for Market Power?

Bao, Renjie; De Loecker, Jan; Eeckhout, Jan - National Bureau of Economic Research - 2022

To answer the question whether managers are paid for market power, we propose a theory of executive compensation in an economy where firms have market power, and the market for man- agers is competitive. We identify two distinct channels that contribute to manager pay in the model: market power...

Persistent link: https://www.econbiz.de/10013191013

Products Liability, Consumer Misperceptions, and Market Power

Polinsky, A. Mitchell - 1982

This paper compares alternative liability rules for allocating losses from defective products when consumers under- estimate these losses and producers may have some market power. If producers do not have any market power, the rule of strict liability .leads to both the first-best accident...

Persistent link: https://www.econbiz.de/10012478170

The Gains and Losses From Industrial Concentration

Peltzman, Sam - 1977

In essence, this paper will try to decompose the concentration-profits relationship into separate concentration-price arid concentration-cost relationships. By doing this, I hope to shed light on some of the allocative and distributive issues that, I suspect, give the subject its intrinsic...

Persistent link: https://www.econbiz.de/10012478966

Low Interest Rates, Market Power, and Productivity Growth

Liu, Ernest - 2019

This study provides a new theoretical result that low interest rates encourage market concentration by raising industry leaders' incentive to gain a strategic advantage over followers, and this effect strengthens as the interest rate approaches zero. The model provides a unified explanation for...

Persistent link: https://www.econbiz.de/10012479461

Market Power and Income Taxation

Kaplow, Louis - 2019

inequality have implications for antitrust, regulation, trade, and other policies that influence market power, which contributes …

Persistent link: https://www.econbiz.de/10012479531

1
2
3
4
5
6
7
8
9
10
Next
Last