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Can the Credit Default Swap Market Be Salvaged? Issues for Borrowers and Investors

Whalen, Richard Christopher - 2016

Trading volumes in credit default swaps (CDS) have fallen by more than 75% since the 2008 financial crisis to less than $9 trillion notional amount outstanding as of June 2015. This dramatic decline in volumes comes, in part, because of new laws and regulations focused on reducing the risk of...

Persistent link: https://www.econbiz.de/10013002698

Price Discrimination in International Airline Markets

Aryal, Gaurab - 2018

We develop a model of inter-temporal and intra-temporal price discrimination by airlines to study the ability of different discriminatory mechanisms to remove sources of inefficiency and the associated distributional implications. To estimate the model's multi-dimensional distribution of...

Persistent link: https://www.econbiz.de/10012907654

Neutrality and Diversity in the Internet Ecosystem

Renda, Andrea - 2013

The public policy approach to the Internet has become more and more complex as several markets – including fixed and mobile communications, media and content, IT – converge into one single Internet ecosystem. As in all ecosystems, zones and domains depend on each other, and there is no...

Persistent link: https://www.econbiz.de/10014191002

The Economics of the World Iron and Steel Industry : 1950-1980

de Medeiros, Otavio Ribeiro - 2006

and the steel industry, we argue that bilateral monopoly is an adequate framework to deal with the iron and steel market …

Persistent link: https://www.econbiz.de/10014060280

Seeds, Patents and Power : The Shifting Foundation of Our Food System

Matson, James - 2014

Our food supply rests on a foundation of agricultural seed. As the world races to meet soaring food demand, the development and control of this fundamental genetic resource will be of critical concern to the entire human community. Seed, once treated as a shared public good and natural resource,...

Persistent link: https://www.econbiz.de/10013044021

Section 2 Enforcement and the Great Recession : Why Less (Enforcement) Might Mean More (GDP)

Meese, Alan J. - 2019

Section 2 of the Sherman Act bans monopolization of any part of interstate commerce. This essay draws on macroeconomic theory and the New Deal experience with partial repeal of the antitrust laws and cartelization of labor to examine the relationship between macroeconomic stability and the...

Persistent link: https://www.econbiz.de/10014168446

The Durapolist Puzzle : Monopoly Power in Durable-Goods Market

Orbach, Barak - 2008

devised to overcome difficulties in acquiring and maintaining monopoly power and the legal implications of these strategies …

Persistent link: https://www.econbiz.de/10014073586

Standard Oil and Predatory Pricing : Myth Paralleling Fact

Dalton, James A.; Esposito, Louis - 2013

The Supreme Court in 1911, on the occasion of the first major test of the Sherman Act, ordered the dissolution of the Standard Oil Trust. In his 1958 paper John McGee argued that predatory pricing is, in general, irrational and, relying solely on the information in the Trial Record related to...

Persistent link: https://www.econbiz.de/10014157041

Monopoly Power in the Oil Market and the Macroeconomy

Branger, Nicole; Flacke, René Marian; Gräber, Nikolai - 2019

This paper studies macroeconomic consequences of oil price shocks caused by innovations in the monopoly power in the … oil market. Monopoly power is interpreted as oil producers' ability to charge a markup over marginal costs. We propose a …' monopoly power rises. A general equilibrium model suggests that higher monopoly profits attract investments in oil producing …

Persistent link: https://www.econbiz.de/10014118702

The Merger Specificity of Efficiencies in Merger Review : A Succinct International Comparison

Fofana, Mory Fodé - 2009

Mergers and acquisitions can lead to anti-competitive structural change in the market place. Despite this detrimental effect, mergers and acquisitions have also the potential to generate significant efficiencies through a better resource allocation and other forms of synergy that either merging...

Persistent link: https://www.econbiz.de/10014212925