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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/10013293015
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 … casinos throughout the urbanized regions in Germany is recommended. …
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Studies on the effect of ageing on health care expenditures (HCE) have revealed the importance of controlling for time-to-death (TTD). These studies, however, are subject to possible endogeneity if HCE influences remaining life expectancy. This paper introduces a ten year observational period on...
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