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Theoretically, if firms face a regulatory per-customer quantity limit, they should have an incentive to discriminatively charge high-demand customers higher prices and make them just willing to buy a quantity equal to the limit. In the U.S. residential mortgage industry, mortgages with...
Persistent link: https://www.econbiz.de/10012844370
by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric … utilities in the United States. We argue that there are transitory costs linked to the process of deregulation. The business … deregulation by adopting vertical integration strategies. Organizational scholars on the contrary argue that firms vertically …
Persistent link: https://www.econbiz.de/10014031113
Persistent link: https://www.econbiz.de/10004751139
This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706
This study examines the change in entering class median LSAT, a key input into the U.S. News & World Report rankings, between 1993 and 2004. Using multivariate regression analysis, the authors model several factors that can influence the direction and magnitude of this change. The study presents...
Persistent link: https://www.econbiz.de/10014065022
Contractual and regulatory provisions for access affect incentives to invest in an upgraded network and, in particular, a next-generation access network. Investment decisions are made under uncertainty and have to be made over time. This papers provides a framework for taking uncertainty, risk...
Persistent link: https://www.econbiz.de/10009732732
Although recent international broadband penetration rankings have Congress concerned about U.S. broadband policy, these statistics should not play a large role in forming U.S. broadband policy, as they fail to take into account geographic factors, demographic factors and consumer preferences...
Persistent link: https://www.econbiz.de/10014050581
There is a policy debate at both state and federal levels over how to facilitate consumer adoption of the Internet and, particularly, broadband technology to access the Internet. The objective of this study is to offer empirical evidence directly relevant to this debate. In so doing, we examine...
Persistent link: https://www.econbiz.de/10014031125
Our analysis of the market for professional baseball players shows that domestic labor-market restrictions have reduced domestic employment, especially of African-Americans, with employers instead shifting employment overseas. Our theoretical model suggests that, in 1965, the imposition of both...
Persistent link: https://www.econbiz.de/10014093101