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-US interregional trade data, we first estimate a system of theory-based gravity equations under the general equilibrium constraints …
Persistent link: https://www.econbiz.de/10011599058
-US interregional trade data, we first estimate a system of theory-based gravity equations under the general equilibrium constraints …
Persistent link: https://www.econbiz.de/10011506681
How are the welfare costs from monopoly distributed across U.S. households? We answer this question for the U.S. credit card industry, which is highly concentrated, charges interest rates that are 3.4 to 8.8 percentage points above perfectly competitive pricing, and has repeatedly lost antitrust...
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