Results 11 to 20 of about 82,455 (47)
Asymmetric Information and Imperfect Competition in Lending Markets
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
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Product Differentiation and Oligopoly: A Network Approach
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
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What Can Be Learned from Spatial Economics?
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
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A Theory of Monopolistic Competition with Horizontally Heterogeneous Consumers
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
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Price Discrimination and Bargaining: Empirical Evidence from Medical Devices
Matthew Grennan
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Monopsony in the US Labor Market
The American Economic Review, 2022This 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
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Multihoming and Oligopolistic Platform Competition
Social Science Research Network, 2023We 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
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Trade Reform, Oligopsony, and Labor Market Distortion: Theory and Evidence
Social Science Research Network, 2023In 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
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Competition in Pricing Algorithms
Social Science Research Network, 2020We 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
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Alert the Inert? Switching Costs and Limited Awareness in Retail Electricity Markets
American Economic Journal: Microeconomics, 2023We 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
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