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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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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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Intermediation and Steering: Competition in Prices and Commissions
, 2022We explore the implications of steering by an informed profit-maximizing intermediary. The intermediary steers consumers by recommending firms taking into account both the commissions firms offer and the prices they set.
T. Teh, Julian Wright
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An Economic View of Corporate Social Impact
Social Science Research Network, 2023The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies’ social impact, not just their profits.
Hunt Allcott +3 more
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The Intensive Margin in Trade: How Big and How Important?
American Economic Journal: Macroeconomics, 2023In benchmark trade models that feature a constant trade elasticity, bilateral exports vary entirely on the intensive margin (exports per firm) or entirely on the extensive margin (number of firms).
Ana M. Fernandes +4 more
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Market Structure, Oligopsony Power, and Productivity
Social Science Research Network, 2021I examine the effects of oligopsony power on allocative efficiency and income redistribution by studying a size regulation in the Chinese tobacco industry that led to ownership consolidation.
M. Rubens
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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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Free Entry in a Cournot Market With Overlapping Ownership
Social Science Research NetworkWe examine the effects of overlapping ownership among existing firms deciding whether to enter a product market. We show that in most cases—and especially when overlapping ownership is already widespread—an increase in the extent of overlapping ownership
X. Vives, Orestis Vravosinos
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Swimming in Pools: Collusion in the Salmon Market
Social Science Research Network, 2023We study the events alleged in recent Norwegian salmon industry antitrust cases to explore the relationship between vertical integration, public price indexes, and collusion.
Danial Asmat +3 more
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Product liability and firm owners’ delegation to overconfident managers
Journal of Law, Economics & Organization, 2023This article analyzes the socially optimal liability allocation when strictly liable Cournot firms delegate their safety and output choices to managers whose potential biases are chosen by firm owners and consumers misperceive product risks.
Tim Friehe, C. Pham
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