Airline delays, congestion internalization and non-price spillover effects of low cost carrier entry
Antitrust & Competition Policy Blog
by D Daniel Sokol
3d ago
Airline delays, congestion internalization and non-price spillover effects of low cost carrier entry By: William E. Bendinelli; Humberto F. A. J. Bettini; Alessandro V. M. Oliveira Abstract: This paper develops an econometric model of flight delays to investigate the influence ..read more
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Do larger firms exert more market power? Markups and markdowns along the size distribution
Antitrust & Competition Policy Blog
by D Daniel Sokol
4d ago
Do larger firms exert more market power? Markups and markdowns along the size distribution By: Mertens, Matthias; Mottironi, Bernardo Abstract: Several models posit a positive cross-sectional correlation between markups and firm size, which characterizes misallocation, factor shares, and gains from ..read more
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Search Engine Competition
Antitrust & Competition Policy Blog
by D Daniel Sokol
5d ago
Search Engine Competition By: Daniel Garcia Abstract: This paper studies a model of search engine competition with endogenous obfuscation. Platforms may differ in the quality of their search algorithms. I study the impact of this heterogeneity in consumer surplus, seller ..read more
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Market power and innovation in the intangible economy
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
Market power and innovation in the intangible economy By: De Ridder, Maarten Abstract: This paper offers a unified explanation for the slowdown of productivity growth, the decline in business dynamism, and the rise of market power. Using a quantitative framework ..read more
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Taking over the World? Automation and Market Power
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
Taking over the World? Automation and Market Power By: Haarburger, Richard; Stemmler, Henry Abstract: This paper studies how automation technology affects market power in the global economy. We develop a theoretical model in which firms' markups are endogenous to factor ..read more
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Structural Change and the Rise in Markups
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
Structural Change and the Rise in Markups By: Ricardo Marto Abstract: Is the recent rise in markups caused by increased monopoly power or is it a natural consequence of structural change? I show that the rise in aggregate markups has ..read more
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How the Consumer Welfare Standard Solves the Monopoly Prisoner’s Dilemma: A Micro-in- Macro Analysis of Market Institutions
Antitrust & Competition Policy Blog
by D Daniel Sokol
1w ago
How the Consumer Welfare Standard Solves the Monopoly Prisoner’s Dilemma: A Micro-in- Macro Analysis of Market Institutions Fabrizio Esposito CEDIS - Nova School of Law Gianmaria Pessina Independent Abstract This article delves into the ongoing conflict between the total welfare ..read more
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Antitrust and LIE: The Impact of Competition on International Labor Investment Efficiency
Antitrust & Competition Policy Blog
by D Daniel Sokol
2w ago
Antitrust and LIE: The Impact of Competition on International Labor Investment Efficiency Erik Devos University of Texas at El Paso - College of Business Administration - Department of Economics and Finance Yoonsoo Nam Clemson University - Wilbur O. and Ann ..read more
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Merger Policy for a Platform Economy
Antitrust & Competition Policy Blog
by D Daniel Sokol
2w ago
Merger Policy for a Platform Economy Harry First New York University School of Law Abstract President Biden’s Executive Order 14036 laid out an ambitious agenda for antitrust enforcement, particularly with regard to mergers involving “dominant Internet platforms,” and generally expressed ..read more
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Hub-and-Spoke Cartels: Theory and Evidence from the Grocery Industry
Antitrust & Competition Policy Blog
by D Daniel Sokol
2w ago
Hub-and-Spoke Cartels: Theory and Evidence from the Grocery Industry Robert Clark, Ig Horstmann and Jean-François Houde Numerous recently uncovered cartels operated along the supply chain, with firms at one end facilitating collusion at the other—hub-and-spoke arrangements. These cartels are hard ..read more
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