Delay due to multiple merger reviews in regulated industries is analysed empirically. Tests on a sample of over 500 mergers between 1990 and 1998 reveal that delay is 80% longer in regulated industries than unregulated industries

We explore the question of whether wireless industry mergers invariably reduce sector employment and find the answer is "no." We reach this conclusion by looking at four years of data on employment trends surrounding the largest wireless merger to date - the AT&T-Cingular merger in 2004, and two...

Antitrust policy and mergers provide a steady source of material for economic analysis, both theoretical and empirical. This is no surprise; in few other areas are the problems so obviously economic, so practical, and of such substantial policy significance. Seminal articles in economics such as...

I conduct an event study on the proposed $26.5 billion merger between Sprint and T-Mobile. Positive and statistically significant stock price effects are observed for the merging firms in response to credible rumors of the transaction, but large and negative returns are observed after the...

Using data on the prices paid by multichannel video programing distributors (“MVPDs”) for basic cable networks, I conduct a retrospective analysis of the price effects of the Comcast-NBCU merger. Estimates from both the difference-in-differences and lagged-dependent variable models indicate...

First, we address the claim that state auto franchise laws are protectionist and thus serve primarily private rather than public interests by comparing the evidence presented to support this view to the theoretical predictions from economic theory and what we know about car markets. We conclude...

Recent reports on the financial consequences of UNE-P sales for Bell Operating Companies have drawn additional attention to long-standing complaints by the BOCs that such sales are confiscatory, and amount to "subsidized competition." This paper subjects the conclusions of these claims and the...

In this paper, we estimate demand curves for unbundled loops sold by incumbent local exchange telecommunications carriers to their retail rivals. Of primary interest are the cross-price effects between unbundled loops purchased with and without unbundled switching. As expected, we find...

In this paper, the determinants of the provision of facilities-based lines by competitive local exchange carriers ("CLECs") are examined using data collected by the Federal Communications Commission and the entry decisions of a large, facilities-based CLEC. The multiple regression models are...

We offer a simple analysis of a digital platform’s incentives to bias sales toward its own products and services. The analysis reveals that a digital platform is less biased - not more biased - in the promotion of its own products and services relative to online sellers that do not permit...