Results 1 to 10 of about 75,253 (47)
Artificial Intelligence, Algorithmic Pricing and Collusion
The American Economic Review, 2018 Increasingly, algorithms are supplanting human decision-makers in pricing goods and services. To analyze the possible consequences, we study experimentally the behavior of algorithms powered by Artificial Intelligence (Q-learning) in a workhorse ...
Emilio Calvano +3 more
semanticscholar +1 more source
Who Pays for the Minimum Wage?
The American Economic Review, 2019 This paper provides a comprehensive assessment of the margins along which firms responded to a large and persistent minimum wage increase in Hungary.
P. Harasztosi, A. Lindner
semanticscholar +1 more source
Concentration Thresholds for Horizontal Mergers
The American Economic Review, 2022 Concentration-based thresholds for horizontal mergers, such as those in the US Horizontal Merger Guidelines, play a central role in merger analysis but their basis remains unclear.
Volker Nocke, M. Whinston
semanticscholar +1 more source
Competition and Entry in Agricultural Markets: Experimental Evidence from Kenya
The American Economic Review, 2020 African agricultural markets are characterized by low farmer revenues and high consumer food prices. Many have worried that this wedge is partially driven by imperfect competition among intermediaries. This paper provides experimental evidence from Kenya
L. Bergquist, Michael Dinerstein
semanticscholar +1 more source
Labor Market Power, Self-Employment, and Development
Social Science Research NetworkThis paper shows that self-employment shapes labor market power in low-income countries, with implications for industrial development. Using Peruvian data, we find that wage-setting power increases with employer concentration but less so where self ...
Francesco Amodio +2 more
semanticscholar +1 more source
Complementary Bidding and the Collusive Arrangement: Evidence from an Antitrust Investigation
Social Science Research NetworkClustered bids and a missing mass of nearly tied bids have both been proposed as markers of collusion. We present causal empirical evidence from an actual procurement cartel that bidding involves both clustering and a gap around the winning bid.
R. Clark +2 more
semanticscholar +1 more source
The Evolution of US Retail Concentration
American Economic Journal: MacroeconomicsIncreasing national concentration has contributed to market power concerns. Yet local trends are more informative about market power in retail, where consumers have traditionally shopped at nearby stores.
Dominic A Smith, S. Ocampo
semanticscholar +1 more source
Market Power and Price Exposure: Learning from Changes in Renewable Energy Regulation
American Economic Journal: Economic Policy, 2023 Given the critical role of renewable energies in current and future electricity markets, it is important to understand how they affect firms’ pricing incentives. We study whether the price-depressing effect of renewables depends on their degree of market
Natalia Fabra, Imelda
semanticscholar +1 more source
Learning to Coordinate: A Study in Retail Gasoline
The American Economic Review, 2018 This paper studies equilibrium selection in the retail gasoline industry. We exploit a unique dataset that contains the universe of station-level prices for an urban market for 15 years, and that encompasses a coordinated equilibrium transition mid ...
David P. Byrne, Nicolas de Roos
semanticscholar +1 more source
Asymmetric Information and Imperfect Competition in Lending Markets
The American Economic Review, 2017 We study the effects of asymmetric information and imperfect competition in the market for small business lines of credit. We estimate a structural model of credit demand, loan use, pricing, and firm default using matched firm-bank data from Italy.
Gregory S. Crawford +2 more
semanticscholar +1 more source