Narrow search
Showing 1 - 10 of 4,959
Cover Image
Competition and Customer Acquisition in the U.S. Credit Card Market
Grodzicki, Daniel - 2022
competitive practices. I study competition in this market by analyzing how lenders target and acquire new customers using direct …-mail, their principal acquisition channel. I find competition greatly impacts a lender’s profits. Average annual profit is 31 …%-53% ($73-$185 million) lower compared to a monopoly counterfactual. Competition also considerably reduces additional profits …
Persistent link: https://www.econbiz.de/10013289116
Cover Image
Evaluation of best price clauses in hotel booking
Hunold, Matthias; Kesler, Reinhold; Laitenberger, Ulrich; … - 2017 - This version: April 23, 2017
We analyze the best price clauses (BPCs) of online travel agents (OTAs) using meta-search price data of nearly 30,000 hotels in different countries. We find that BPCs influence the pricing and availability of hotel rooms across online sales channels. In particular, the abolition of Booking.com's...
Persistent link: https://www.econbiz.de/10011648487
Cover Image
Evaluation of best price clauses in online hotel booking
Hunold, Matthias; Kesler, Reinhold; Laitenberger, Ulrich; … - 2017
We analyze the best price clauses (BPCs) of online travel agents (OTAs) using meta-search price data of nearly 30,000 hotels in different countries. We find that BPCs influence the pricing and availability of hotel rooms across online sales channels. In particular, hotels publish their offers...
Persistent link: https://www.econbiz.de/10011772690
Cover Image
Some Observations on Claims That Rising Market Power Is Responsible for US Economy Ills and That Lax Antitrust Is the Villain
Carlton, Dennis W. - 2020
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
Cover Image
The Economic Rationale of United States v. Google
Bet, Germán; Blair, Roger D.; Donna, Javier D. - 2022
In 2020, the Department of Justice (DOJ) filed an antitrust suit against Google alleging that Google has unlawfully monopolized the markets for general search services, search advertising, and general search text advertising. The complaint raises questions involving market definition, monopoly...
Persistent link: https://www.econbiz.de/10013307958
Cover Image
Happily ever after? - vertical and horizontal mergers in the U.S. media industry
Stöhr, Annika; Noskova, Victoriia; Kunz-Kaltenhäuser, … - 2019
economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so … concerning? (ii) Would vertical or horizontal integration be more preferable for overall welfare and competition in this industry … concentrated U.S. market for audiovisual content the process of further vertical integration creates concerns from a competition …
Persistent link: https://www.econbiz.de/10012011207
Cover Image
Searching for service
Janssen, Maarten C. W.; Ke, T. Tony - 2018
Since Telser (1960), there is a well-established argument that a competitive market will not provide service due to free-riding. We show that with search frictions, the market may well provide service if the cost of doing so is not too large. Any market equilibrium with service provision has two...
Persistent link: https://www.econbiz.de/10011942341
Cover Image
Industrial Organization and The Rise of Market Power
Miller, Nathan H. - National Bureau of Economic Research - 2024
This article addresses developments in the literature on The Rise of Market Power. First, it summarizes research about the result of De Loecker 2020 that the sales-weighted average markup has increased in the United States. Second, it summarizes and evaluates a set of industry studies that...
Persistent link: https://www.econbiz.de/10014576656
Cover Image
Common Ownership, Creative Destruction, and Inequality : Evidence from U.S. Consumers
Aslan, Hadiye - 2019
Using granular data from the consumer goods industry, we study pricing and non-pricing effects of common ownership at the product level. We find positive elasticity of consumer goods prices to common ownership and that firms pass along price increases to consumers through the marginal cost...
Persistent link: https://www.econbiz.de/10012863009
Cover Image
Towards Effective U.S. Broadband Policies
Wallsten, Scott - 2013
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