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Global Common Ownership, Control, and Market Power
Kilcioglu, Beril - 2023
ownership and market power. In the pooled sample, firm markups increase with the size of common ownership. When direct …
Persistent link: https://www.econbiz.de/10014351160
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Using Cost Pass-Through to Calibrate Demand
Miller, Nathan - 2012
We demonstrate that cost pass-through can be used to inform demand calibration, potentially eliminating the need for data on margins, diversion, or both. We derive the relationship between cost pass-through and consumer demand using a general oligopoly model of Nash-Bertrand competition and...
Persistent link: https://www.econbiz.de/10013098034
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Cartel duration and endogenous private monitoring and communication : an instrumental variables approach
Zhou, Jun - 2012
Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices" - known as the 'lysine strategy profile (LSP)" - on cartel duration is difficult because of endogeneity and omitted variable bias....
Persistent link: https://www.econbiz.de/10009571067
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Evaluating Leniency with Missing Information on Undetected Cartels : Exploring Time-Varying Policy Impacts on Cartel Duration
Zhou, Jun - 2016
heterogeneity of cartels and the time-varying policy impacts suggested by theory. Contrary to earlier studies, my statistical tests …
Persistent link: https://www.econbiz.de/10013008337
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Evaluating Leniency with Missing Information on Undetected Cartels : Exploring Time-Varying Policy Impacts on Cartel Duration
Zhou, Jun - 2016
heterogeneity of cartels and the time-varying policy impacts suggested by theory. Contrary to earlier studies, my statistical tests …
Persistent link: https://www.econbiz.de/10014184217
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Market Power in the German Wholesale Electricity Market : What are the Political Options?
Schwarz, Hans-Gunter - 2007
This paper evaluates four publicly discussed policy options to mitigate market power in the German wholesale … adequate measures to mitigate market power? What are the intended and non-intended effects on market efficiency? How likely is …
Persistent link: https://www.econbiz.de/10012728666
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Does Common Ownership Cause Higher Prices? Evidence from Retail Gasoline Markets
Sladden, Nicholas - 2022
The ownership of competing firms by investment funds, or common ownership, can cause anti-competitive product market outcomes. This paper examines the price effects of common ownership in the Western Australian (WA) retail gasoline market. Using a rich data set of daily, station-level petrol...
Persistent link: https://www.econbiz.de/10013296041
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Fund Family Matters : How Index Funds Improve Corporate Governance
Lakkis, Emil - 2020
I propose a novel mechanism that explains why index funds may have a beneficial effect on corporate governance. Mutual fund families centralize voting decisions and may have incentives to monitor even when their individual index funds do not. The presence of index funds strengthens the voice...
Persistent link: https://www.econbiz.de/10012839133
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How Does Hedge Fund Activism Reshape Corporate Innovation?
Brav, Alon - 2017
This paper studies how hedge fund activism impacts corporate innovation. Firms targeted by activists improve their innovation efficiency over the five-year period following hedge fund intervention. Despite a tightening in R&D expenditures, target firms increase innovation output, as measured by...
Persistent link: https://www.econbiz.de/10012973416
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How the rich are different : hierarchical power as the basis of income size and class
Fix, Blair - 2019 - v.2 October 2019
hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from … workers. Specifically, I hypothesize that individual income increases with hierarchical power, as does the share of individual … extrapolates the CEO data. The results indicate that income tends to increase with hierarchical power, as does the capitalist …
Persistent link: https://www.econbiz.de/10012127049