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Network Structure and Consolidation in the US Airline Industry, 1990-2015

Ciliberto, Federico - 2017

We study the effect of consolidation on airline network connectivity using three measures of centrality from graph … greater connectivity in the national network structure is largely unaffected by consolidation, in the form of mergers and …

Persistent link: https://www.econbiz.de/10012952209

Product Responses to Income-Based Subsidies in the U.S. Infant Formula Industry

Triggs, Travis - 2021

In this paper, I develop a structural supply and demand model of the infant formula industry to evaluate the role that endogenous firm product offerings play in determining equilibrium market outcomes and welfare measures. Using the structural model's preference and cost estimates, I evaluate...

Persistent link: https://www.econbiz.de/10013214196

Scalable Demand and Markups

Atalay, Enghin; Frost, Erika; Sorensen, Alan T.; … - National Bureau of Economic Research - 2023

We study changes in markups across 72 product markets from 2006 to 2018. A growing literature has documented a rise in markups over time using a production function approach; we instead employ the standard microeconomic method, which is to estimate demand and then invert firms' first-order...

Persistent link: https://www.econbiz.de/10014287331

Dynamic Price Competition : Theory and Evidence from Airline Markets

Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...

Persistent link: https://www.econbiz.de/10013362001

The Corporate Welfare State : How the Federal Government Subsidizes U.S. Businesses

Slivinski, Stephen - 2007

subsidy programs continue to fund the wealthiest farmers. Because the corporate welfare state transcends any specific agency …

Persistent link: https://www.econbiz.de/10014049078

The Law of Unintended Consequences : How the U.S. Biofuel Tax Credit with a Mandate Subsidizes Oil Consumption and Has No Impact on Ethanol Consumption

de Gorter, Harry; Just, David R. - 2015

credit is a direct gasoline consumption subsidy with no effect on the ethanol price and therefore does not help either corn … gasoline price is always higher with a mandate compared to a tax credit. A tax credit alone is an ethanol consumption subsidy … a fuel consumption subsidy. Ethanol producers only gain indirectly with the increased ethanol demand resulting from the …

Persistent link: https://www.econbiz.de/10014223147

How the United States solved South Korea’s problems with electric vehicle subsidies under the Inflation Reduction Act

Bown, Chad P. - 2023

South Korea felt "betrayed" when President Joseph R. Biden Jr. signed his administration's flagship climate legislation, the Inflation Reduction Act (IRA) of 2022, into law. This paper first shows how the Biden administration addressed Korea's concerns about the law's effect on its sales of...

Persistent link: https://www.econbiz.de/10014343973

Did US Safeguard Protection on Steel Affect Market Power of European Steel Producers?

Vandenbussche, Hylke; Zarnic, Ziga - 2006

This paper empirically investigates the effects of US safeguard protection on steel imports in 2002 on the mark-ups of EU steel producers. We identify a large panel of European steel producers between 1995 and 2004 affected by the safeguards. Using the Roeger method, our results show that US...

Persistent link: https://www.econbiz.de/10010313253

Global Competitiveness of U.S. Advanced-Technology Manufacturing Industries : Large Civil Aircraft

Andersen, Peder A. - 2009

The analysis presented in this study focuses primarily on the LCA manufacturing industries in the United States and Western Europe. It also includes some discussion of Russia’s LCA industry, which is beginning to produce aircraft for export. Although Japan is not a producer of LCA, it is...

Persistent link: https://www.econbiz.de/10014204855

Merger policy in a quantitative model of international trade

Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2016

In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...

Persistent link: https://www.econbiz.de/10011481156