Results 31 to 40 of about 82,455 (47)
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The American Economic Review
Geographic dispersion of depositors, borrowers, and banks may prevent funding from flowing to high-loan-demand areas, limiting credit access. Using bank-county-year-level data, we provide evidence of geographic imbalance of deposits and loans and develop
Victor Aguirregabiria +2 more
semanticscholar +1 more source
Geographic dispersion of depositors, borrowers, and banks may prevent funding from flowing to high-loan-demand areas, limiting credit access. Using bank-county-year-level data, we provide evidence of geographic imbalance of deposits and loans and develop
Victor Aguirregabiria +2 more
semanticscholar +1 more source
Dynamic Competition and Arbitrage in Electricity Markets: The Role of Financial Players
American Economic Journal: Microeconomics, 2022I study the effects of financial players who trade alongside physical buyers and sellers in electricity markets. Using detailed firm-level data, I examine physical and financial firms’ responses to regulation that exogenously increased financial trading.
Ignacia Mercadal
semanticscholar +1 more source
The Impact of Wholesale Price Caps on Forward Contracting
Energy JournalIncreasing (or eliminating) the caps on short-term wholesale prices is generally thought to promote long-term forward contracting for electricity. We find that a higher price cap typically enhances the incentives of electricity buyers (e.g., load-serving
David P. Brown, D. Sappington
semanticscholar +1 more source
The High and Falling Price of Cement in Africa
American Economic Journal: Applied EconomicsPrices for several intermediate inputs, including cement, are higher in developing economies—particularly in Africa. Combining recent data from the International Comparison Program with a global directory of cement firms, we estimate an industry ...
F. Leone +2 more
semanticscholar +1 more source
Natural Gas Vehicles: Consequences for Fuel Markets and the Environment
Energy JournalPolicies to adopt cleaner fuels have become increasingly important, but their impacts on incumbent fuel prices and resulting greenhouse gas emissions remain unclear.
Roberto Amaral-Santos +2 more
semanticscholar +1 more source
Algorithmic Collusion is Algorithm Orchestration
arXiv.orgWe propose a fresh `meta-game'perspective on the problem of algorithmic collusion in pricing games a la Bertrand. Economists have interpreted the fact that algorithms can learn to price collusively as tacit collusion.
Cesare Carissimo +3 more
semanticscholar +1 more source
Market Power and Capital Constraints
Social Science Research NetworkWe explore how traders’ equity capitalization influences asset prices in a framework that accounts for market power. In our model, traders with capital constraints engage in transactions in an imperfectly competitive market.
Milena Wittwer, Jason Allen
semanticscholar +1 more source
Trucks without Bailouts: Equilibrium Product Characteristics for Commercial Vehicles
The American Economic Review, 2018The entry and exit of products, rather than firms, serve as the main equilibrating force in many markets, so accurately predicting changes from a merger or bankruptcy should incorporate this behavior.
Thomas G. Wollmann
semanticscholar +1 more source
Concentration and Geographic Proximity in Antitrust Policy: Evidence from Bank Mergers
Social Science Research NetworkAntitrust often uses the Herfindahl-Hirschman Index (HHI) for merger screening and review. We argue that HHI-based antitrust policy using predefined markets in the banking industry misses anticompetitive effects that are predicted by the proximity of ...
David Benson +4 more
semanticscholar +1 more source
Competitive Bidding in Drug Procurement: Evidence from China
Social Science Research NetworkWe study the equilibrium effects of introducing competitive bidding in drug procurement. In 2019, China introduced a competitive bidding program where drug companies bid for a prespecified procurement quantity in nine provinces.
Sheng Cao, Chuan-xin Yu, Xuejie Yi
semanticscholar +1 more source