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We investigate the effect of banning resale-below-cost offers. There are two retailers with heterogeneous bargaining positions in relation to a monopolistic manufacturer. Each retailer sells two goods: one procured from the monopolistic manufacturer and the other, from a competitive fringe. In...
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The returns to scale of marriage markets have important behavioral and welfare consequences. It is quantitatively difficult to estimate the returns to scale because, due to endogenous migration, the marriage market size is endogenous. This paper addresses the endogeneity in two ways. First, it...
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aggregate concentration. An empirical analysis of the U.S. experience between the early 1950s and the late 1980s reveals two … regimes of inflationary restructuring: the first, which lasted until 1970, involved rapid increases in aggregate concentration …) concentration amidst severe stagflation. …
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monopoly now features so prominently on the political and economic agenda. Mounting evidence shows that corporate concentration … stifles innovation and investment, resulting in lower-quality goods and services and less economic dynamism. Concentration is … people come to recognize the role of federal and state-level taxation in understanding corporate concentration in the US. Yet …
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