We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry...

In this study we investigate the effects of Price Matching Guarantees (PMGs) commercial policies on U.S. online consumer electronics daily prices. By applying a Diff-in-Diff identification strategy we find evidence in favor of price reductions occurring after the PMG policy is repealed. We...

The work addresses the issue of Italian medium-sized enterprises of the fourth capitalism. The question is whether this business model is going to last and actually represent a new model for global competition. This contribution examines the features of the model of the medium industrial...

In this paper, we summarize the economic literature on non-price effects of mergers and acquisitions (M&As). Specifically, we discuss the effects of M&As on innovation, product variety, and sustainability. Although the relationship is theoretically ambiguous, the vast majority of ex-post...

We study a variation of the duopoly model by Kreps and Scheinkman (1983). Firms limited by their capacity of production engage in a two stage game. In the first stage they commit to levels of production not exceeding their capacities which are then made common knowledge. In the second stage...

Der Beitrag arbeitet die Heterogenität von Unternehmen innerhalb von Branchen hin-sichtlich ihrer technischen Effizienz heraus. Datengrundlage sind die Mikro-Daten der Kostentrukturerhebung im Verarbeitenden Gewerbe in Deutschland. Die technische Effizienz wird im Rahmen der Schätzung einer...

This paper analyzes the distribution of technical efficiency within manufacturing industries. Using a representative sample of 35,000 firms in 255 industries of the German cost structure census, technical efficiencies are estimated by applying a deterministic frontier production function with...

The book is intended to be a reference book of Competition Economics for economists, consultants and/or practitioners. It is a modern review of demand and supply estimation, market structure, merger analysis, damage estimation, welfare loss, abuse of dominance, network effects, and a math and...

Recent academic research documents a sharp increase in global market power. Using newly created and more precise data on aggregate market power (see De Loecker and Eeckhout, 2021), we add to the literature on the determinants of market power by investigating whether and how uncertainty may have...

In contrast to the usual approach taken in the literature, in which an Industry Life Cycle (ILC) is reproduced by aggregate functions, the model of this paper generates a self-organizing ILC. A general evolutionary agent-based simulation model is developed that can be adapted for specific...