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In this note, we provide a cleanly identified and empirically relevant example of a setting where an increase in market concentration caused lower prices and markups. This result contradicts some widely used models of competition and highlights the value of richer models of firm behavior and...
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In this note, we provide a cleanly identified and empirically relevant example of a setting where an increase in market concentration caused lower prices and markups. This result contradicts some widely used models of competition and highlights the value of richer models of firm behavior and...
Persistent link: https://www.econbiz.de/10013293016
gambling are relevant for the locations of German casinos. For our empirical analysis we use location and tourism indicators … states. This is inconsistent, however, with the objectives of the State Treaty, which is to provide legal gambling …
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