Creating a public firm to compete with private firms is an increasingly debated intervention to address inefficiency in concentrated markets. I develop a mixed oligopoly model with alternative firm objectives and estimate it with consumer-level data from the California insurance exchange, where...

This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...

Social media platforms generate huge profits from targeted advertising by collecting massive amounts of data from their users, usually referred to as data harvesting. While leveraging users' data may initially seem beneficial for users, practitioners have suggested that data harvesting causes...

Utility poles are essential inputs in communication service providers' networks. Local zoning laws often prevent the installation of duplicate utility poles. Even when this is not the case, the cost of installing a completely new set of poles is often prohibitive. Hence any communications...

One cannot be a fully conversant antitrust practitioner or academic in today’s antitrust environment without a basic, if not sophisticated, understanding of markets involving multisided platforms or so-called ecosystems—multiple horizontal and vertical relationships that center around...

As a result of its hurricane exposure, Florida is probably the part of the industrialised world most prone to natural catastrophes. Over the last 20 years the Florida legislator has tried to maintain a situation, where the private insurance sector plays a major role in providing...

Medicare’s prescription drug benefit (Part D) has been its largest expansion of benefits since 1965. Since the implementation of Part D, many regulatory proposals have been advanced in order to improve this government-created market. Among the most debated are proposals to limit the number of...

This paper studies the adult online entertainment industry, particularly the consumption side of the market. In particular, it focuses on the demographics and consumption patterns of those who subscribe to adult entertainment websites. On the surface, this business would seem to face a number of...

Competition Authorities are introducing new informational remedies to help consumers search and switch more actively. Using a specially commissioned data set, and unique direct estimates of the gains, search and switching time which consumers anticipate, we examine the determinants of consumer...

Motivated by widely publicized concerns that there are "too many" plans, we structurally estimate (and validate) an equilibrium model of the Medicare Part D market to study the welfare impacts of two feasible, similar-sized approaches for reducing choice. One reduces the maximum number of firm...