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A Study of Bid-rigging in Procurement Auctions : Evidence from Indonesia, Georgia, Mongolia, Malta, and State of California
Kawai, Kei; Nakabayashi, Jun; Shimamoto, Daichi - National Bureau of Economic Research - 2022
We apply a Regression Discontinuity based approach to screen for collusion developed in Kawai et al. (2022) to public procurement data from five countries. We find that bidders who win by a very small margin have significantly lower backlog than those who lose by a very small margin in the...
Persistent link: https://www.econbiz.de/10013334488
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Low-quality Patents in the Eye of the Beholder : Evidence from Multiple Examiners
de Rassenfosse, Gaétan - 2016
and China the loosest. The fraction of grants that are inconsistent with the office's own standard ranges from 2-6 per …
Persistent link: https://www.econbiz.de/10012456431
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Market Power in Artificial Intelligence
Gans, Joshua - National Bureau of Economic Research - 2024
This paper surveys the relevant existing literature that can help researchers and policy makers understand the drivers of competition in markets that constitute the provision of artificial intelligence products. The focus is on three broad markets: training data, input data, and AI predictions....
Persistent link: https://www.econbiz.de/10014512124
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The Simple Math of Royalties and Drug Competition During the 180-Day Generic Exclusivity Period
Drake, Keith M.; McGuire, Thomas G. - National Bureau of Economic Research - 2023
In agreements settling patent challenges in the drug industry, the plaintiff brand commonly licenses the defendant generic to sell prior to patent expiry. Some agreements require the generic to pay the brand royalties. Despite the superficial flow of profits, royalty terms may function as part...
Persistent link: https://www.econbiz.de/10014247939
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Merger Effects and Antitrust Enforcement : Evidence from US Retail
Bhattacharya, Vivek; Illanes, Gastón; Stillerman, David - National Bureau of Economic Research - 2023
We document the effects of a comprehensive set of US retail mergers. On average, prices increase by 1.5% and quantities decrease by 2.3%, with significant heterogeneity in outcomes across mergers. Price changes correlate with the screens codified in the Horizontal Merger Guidelines. Through a...
Persistent link: https://www.econbiz.de/10014250141
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A Field Experiment on Antitrust Compliance
Kawai, Keiji; Nakabayashi, Jun - National Bureau of Economic Research - 2024
We study the effectiveness of firms' compliance programs by conducting a field experiment in which we disclose to a subset of Japanese firms that the firm is potentially engaging in illegal bid-rigging. We find that the information that we disclose affects the bidding behavior of the treated...
Persistent link: https://www.econbiz.de/10014528387
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Can a Tiger Change Its Stripes? Reform of Chinese State-Owned Enterprises in the Penumbra of the State
Harrison, Ann - 2019
The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two … decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that … there are clear improvements in performance post-privatization. The tiger can change its stripes; however, the government …
Persistent link: https://www.econbiz.de/10012479431
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Special Deals from Special Investors : The Rise of State-Connected Private Owners in China
Bai, Chong-En - 2020
We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...
Persistent link: https://www.econbiz.de/10012482389
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China's Land Market Auctions : Evidence of Corruption
Cai, Hongbin - 2009
This paper studies the urban land market in China in 2003--2007. In China, all urban land is owned by the state …
Persistent link: https://www.econbiz.de/10012463582
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Profiting from Government Stakes in a Command Economy : Evidence from Chinese Asset Sales
Calomiris, Charles - 2008
We document the market response to an unexpected announcement of proposed sales of government-owned shares in China. In … contrast to the "privatization premium" found in earlier work, we find a negative effect of government ownership on returns at … that personal ties can substitute for the benefits of government ownership. The "privatization discount" is higher for …
Persistent link: https://www.econbiz.de/10012464873