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Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency … creation since merger regulations are ex ante in nature. The present study is an attempt to understand how far the expected … efficiency gains are actually achieved by the firms entering into consolidation in India, which experienced large number of …
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highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an …
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Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of the non-competitive supply behavior for the international market of...
Persistent link: https://www.econbiz.de/10011596604
The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...
Persistent link: https://www.econbiz.de/10011998070
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …
Persistent link: https://www.econbiz.de/10013466168
Wages for the vast majority of workers have stagnated since the 1980s while productivity has grown. We investigate two coexisting explanations based on rising market power: 1. Monopsony, where dominant firms exploit the limited mobility of their own workers to pay lower wages; and 2. Monopoly,...
Persistent link: https://www.econbiz.de/10013466317