I use a structural matching model, North Carolina public school data, and a survey of teachers’ career plans to analyze schools’ and teachers’ behaviors in the teacher transfer market. Results show that mid-career teachers with better pre-service qualifications are the most eager to...

We formalize Gary Becker's dynamic conjecture that competitive forces drive discriminating employers from the market in the long run, using a dynamic model of a monopolistically competitive industry characterized by sunk costs and sequential entry. An advantage of this formalization is that it...

Merging firms regularly argue that mergers involving capacity-constrained firms are unlikely to be anti-competitive, because the incentive for the merged firm to raise prices and reduce quantity may not be strong enough to generate slack in the capacity constraints and lead to higher prices. We...

This paper contributes to a sparse literature on merger remedies amid renewed interest in assessing remedy effectiveness by global antitrust policy agencies. Despite frequent use in practice, merger remedies receive little attention in the economics literature. We address this deficiency by...

Issues of productive capacity can play a role in nearly every aspect of competition analysis. This paper provides an overview of the economic literature on capacity and the role that capacity has played in actual antitrust and competition law enforcement. The goal is to aid practitioners in...

Merging firms regularly argue that mergers involving capacity-constrained firms are unlikelyto be anticompetitive, because a capacity-constrained firm does not represent a meaningful competitive constraint on its rivals. We construct a modified notion of upward pricing pressure called ccGUPPI,...

Mergers of horizontal competitors may affect product quality as well as price. For example,potential quality effects are often considered when analyzing healthcare mergers. There exists asmall theoretical literature on the effects of mergers on quality when price and quality are chosenby a...