Results 11 to 20 of about 82,455 (47)

Asymmetric Information and Imperfect Competition in Lending Markets

open access: yesThe American Economic Review, 2018
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   +3 more
semanticscholar   +1 more source

Product Differentiation and Oligopoly: A Network Approach

open access: yesSocial Science Research Network
I present a new theory of oligopoly and markups in general equilibrium, based on an innovative, scalable hedonic demand system, which I take to the data for the universe of US public firms.
Bruno Pellegrino
semanticscholar   +1 more source

What Can Be Learned from Spatial Economics?

open access: yesJournal of Economic Literature, 2019
Spatial economics aims to explain why there are peaks and troughs in the spatial distribution of wealth and people, from the international and regional to the urban and local.
S. Proost, J. Thisse
semanticscholar   +1 more source

A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers

open access: yesSocial Science Research Network
Our novel approach to modeling monopolistic competition with heterogeneous firms and consumers involves spatial product differentiation, in either a geographical space or a space of characteristics.
S. Kokovin   +3 more
semanticscholar   +1 more source
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Monopsony in the US Labor Market

The American Economic Review, 2022
This paper quantifies employer market power in US manufacturing and how it has changed over time. Using administrative data, we estimate plant-level markdowns—the ratio between a plant’s marginal revenue product of labor and its wage.
Chen Yeh   +2 more
semanticscholar   +1 more source

Multihoming and Oligopolistic Platform Competition

Social Science Research Network, 2023
We provide a general framework to analyze competition between any number of symmetric two-sided transaction platforms, in which buyers and sellers can multihome. We show how key primitives such as the number of platforms, the fraction of buyers that find
Chunchun Liu   +3 more
semanticscholar   +1 more source

Trade Reform, Oligopsony, and Labor Market Distortion: Theory and Evidence

Social Science Research Network, 2023
In a heterogeneous-firm model with oligopsonistic local labor markets, this paper shows that opening up to trade can affect distortions in such markets.
H. Pham
semanticscholar   +1 more source

Competition in Pricing Algorithms

Social Science Research Network, 2020
We document new facts about pricing technology using high-frequency data, and we examine the implications for competition. Some online retailers employ technology that allows for more frequent price changes and automated responses to price changes by ...
Zach Y. Brown, Alexander Mackay
semanticscholar   +1 more source

Alert the Inert? Switching Costs and Limited Awareness in Retail Electricity Markets

American Economic Journal: Microeconomics, 2023
We quantify how switching costs and limited awareness affect consumer inertia in liberalized retail electricity markets by developing and estimating a structural demand model using a novel dataset on electricity contract choices in Belgium.
Luisa Dressler, Stefan Weiergraeber
semanticscholar   +1 more source

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