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International Journal of Industrial Organization最新文献

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Competition and cooperation in international air travel markets with complements and substitutes 互补与替代的国际航空旅行市场竞争与合作
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-10-06 DOI: 10.1016/j.ijindorg.2025.103202
Xiao Fu , Guofu Tan
{"title":"Competition and cooperation in international air travel markets with complements and substitutes","authors":"Xiao Fu ,&nbsp;Guofu Tan","doi":"10.1016/j.ijindorg.2025.103202","DOIUrl":"10.1016/j.ijindorg.2025.103202","url":null,"abstract":"<div><div>This paper studies how increased cooperation among airlines influences pricing and welfare outcomes in international air travel markets. To capture the inherent complementarity of cross-border air travel services, we explicitly model these markets as bilateral vertical structures, where two international airlines provide complementary services to each other before setting airfares for passengers' entire trips. We analyze equilibrium outcomes under various cooperation regimes, including simple interlining, codesharing (with and without antitrust immunity), and joint ventures. Coordinated pricing of complementary services helps alleviate double marginalization, benefiting interline passengers and enhancing airline profits. However, as cooperation deepens toward merger-like integration, the risk of collusion may ultimately harm both consumer and social welfare. These outcomes are critically affected by economic factors such as the degree of substitutability among competing airline services, the type of revenue-sharing schemes, the relative size of the markets involved, and the presence of traffic-density economies on the interhub route.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"103 ","pages":"Article 103202"},"PeriodicalIF":1.4,"publicationDate":"2025-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145266613","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Greening vehicle fleets: A structural analysis of scrappage programs during the financial crisis 绿色车队：金融危机期间报废计划的结构分析
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-10-06 DOI: 10.1016/j.ijindorg.2025.103203
Taiju Kitano
{"title":"Greening vehicle fleets: A structural analysis of scrappage programs during the financial crisis","authors":"Taiju Kitano","doi":"10.1016/j.ijindorg.2025.103203","DOIUrl":"10.1016/j.ijindorg.2025.103203","url":null,"abstract":"<div><div>Vehicle scrappage programs (SPs) are widely used policy tools aimed at replacing old and/or fuel-inefficient vehicles (i.e., clunkers) with eco-friendly alternatives for greening national vehicle fleets. This study employs a structural model of oligopolistic competition to explore SP designs that effectively induce such replacements by examining the Japanese passenger vehicle market during the financial crisis. To analyze the SP using market-level data, a straightforward method for estimating demand that incorporates data on aggregate program outcomes is proposed. Counterfactual simulations based on the model estimates yield the following insights for designing cost-effective SPs. First, attribute-based subsidies—where fuel economy thresholds for program eligibility of vehicle models for purchase decline with vehicle weight—can encourage infra-marginal clunker owners to choose more fuel-efficient vehicles, but are less effective at inducing replacements among marginal clunker owners than uniform threshold subsidies. Second, under a fixed government subsidy budget, mandating firms to share program costs can substantially increase replacements among marginal clunker owners, though at the cost of a lower average fuel economy for newly purchased vehicles.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"103 ","pages":"Article 103203"},"PeriodicalIF":1.4,"publicationDate":"2025-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145265905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Welfare implications of personalized pricing in competitive platform markets: The role of network effects 竞争平台市场中个性化定价的福利含义：网络效应的作用
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-09-22 DOI: 10.1016/j.ijindorg.2025.103200
Qiuyu Lu , Noriaki Matsushima , Shiva Shekhar
{"title":"Welfare implications of personalized pricing in competitive platform markets: The role of network effects","authors":"Qiuyu Lu ,&nbsp;Noriaki Matsushima ,&nbsp;Shiva Shekhar","doi":"10.1016/j.ijindorg.2025.103200","DOIUrl":"10.1016/j.ijindorg.2025.103200","url":null,"abstract":"<div><div>This study explores the welfare impact of personalized pricing for consumers in a duopolistic two-sided market, with consumers single-homing and developers affiliating with a platform according to their outside option. Personalized pricing, which is private in nature, cannot influence expectations regarding the network sizes, inducing the platforms to offer lower participation fees for developers. Those lower fees increase network benefits for consumers, allowing the platforms to exploit these benefits through personalized pricing. Personalized prices are higher when the network value for developers is high, benefiting competing platforms at the expense of consumers. These findings offer policy insights on personalized pricing.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"103 ","pages":"Article 103200"},"PeriodicalIF":1.4,"publicationDate":"2025-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145118560","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Designing contracts for the energy transition 为能源转换设计合同
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-09-01 DOI: 10.1016/j.ijindorg.2025.103173
Natalia Fabra, Gerard Llobet
{"title":"Designing contracts for the energy transition","authors":"Natalia Fabra,&nbsp;Gerard Llobet","doi":"10.1016/j.ijindorg.2025.103173","DOIUrl":"10.1016/j.ijindorg.2025.103173","url":null,"abstract":"<div><div>This paper examines the limitations of spot markets in providing adequate investment incentives to support zero-carbon investments in electricity markets. In contrast, properly designed long-term contracts have the potential to mitigate price volatility and facilitate the funding of the investments. A theoretical model is developed to analyze contract design under conditions of moral hazard and adverse selection, emphasizing the trade-offs that arise when exposing firms to price and quantity risk. The findings inform optimal contract design for nuclear and renewable energy projects, offering policy recommendations to enhance investment incentives while minimizing productive inefficiencies and excessive rents.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"102 ","pages":"Article 103173"},"PeriodicalIF":1.4,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Firm markups and the economic value of innovation 企业加价与创新的经济价值
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-09-01 DOI: 10.1016/j.ijindorg.2025.103186
Ralf Martin , Jenniffer Solorzano Mosquera , Catherine Thomas , Dennis Verhoeven
{"title":"Firm markups and the economic value of innovation","authors":"Ralf Martin ,&nbsp;Jenniffer Solorzano Mosquera ,&nbsp;Catherine Thomas ,&nbsp;Dennis Verhoeven","doi":"10.1016/j.ijindorg.2025.103186","DOIUrl":"10.1016/j.ijindorg.2025.103186","url":null,"abstract":"<div><div>We examine the relationship between firms' markups and the economic value of their innovation, including both the private value captured by the innovating firm and the knowledge spillovers that benefit other firms. Using a sample of over 14,500 EU firms and 2,400 US firms granted patents between 2005 and 2014, we find that innovation by high-markup firms is more valuable privately and also creates more external value. These associations are robust to controlling for the stock of past innovation and to estimating innovation value in various ways.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"102 ","pages":"Article 103186"},"PeriodicalIF":1.4,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Bidding with budgets: Data-driven bid algorithms in digital advertising 预算投标：数字广告中数据驱动的投标算法
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-09-01 DOI: 10.1016/j.ijindorg.2025.103172
Dirk Bergemann , Alessandro Bonatti , Nicholas Wu
{"title":"Bidding with budgets: Data-driven bid algorithms in digital advertising","authors":"Dirk Bergemann ,&nbsp;Alessandro Bonatti ,&nbsp;Nicholas Wu","doi":"10.1016/j.ijindorg.2025.103172","DOIUrl":"10.1016/j.ijindorg.2025.103172","url":null,"abstract":"<div><div>In digital advertising, auctions determine the allocation of sponsored search, sponsored product, or display advertisements. The bids in these auctions for attention are largely generated by auto-bidding algorithms that are driven by platform-provided data.</div><div>We analyze the equilibrium properties of a sequence of increasingly sophisticated auto-bidding algorithms. First, we consider the equilibrium bidding behavior of an individual advertiser who controls the auto-bidding algorithm through the choice of their budget. Second, we examine the interaction when all bidders use budget-controlled bidding algorithms. Finally, we derive the bidding algorithm that maximizes the platform revenue while ensuring that all advertisers continue to participate.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"102 ","pages":"Article 103172"},"PeriodicalIF":1.4,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Estimating factor price markdowns using production models 使用生产模型估计要素价格下调
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-09-01 DOI: 10.1016/j.ijindorg.2025.103177
Michael Rubens , Yingjie Wu , Mingzhi Xu Jimmy
{"title":"Estimating factor price markdowns using production models","authors":"Michael Rubens ,&nbsp;Yingjie Wu ,&nbsp;Mingzhi Xu Jimmy","doi":"10.1016/j.ijindorg.2025.103177","DOIUrl":"10.1016/j.ijindorg.2025.103177","url":null,"abstract":"<div><div><span>Factor price markdowns are a key object of interest when studying monopsony power. In this article, we test the performance of “production approaches” to estimate factor price markdowns, which have been used increasingly often in the literature. We evaluate the performance of these estimators under various data-generating processes using </span>Monte Carlo simulations<span>. We discuss the commonly made assumptions in this class of estimators, and we address the methodological challenges involved with relaxing these assumptions, such as departing from Hicks neutrality, allowing for nonsubstitutable inputs, and allowing for various types of labor market conduct.</span></div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"102 ","pages":"Article 103177"},"PeriodicalIF":1.4,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Shaping preferences through industrial policy: The Canary Islands in autarkic Spain 通过产业政策塑造偏好：西班牙的加那利群岛
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-09-01 DOI: 10.1016/j.ijindorg.2025.103170
Eugenio J. Miravete , María J. Moral
{"title":"Shaping preferences through industrial policy: The Canary Islands in autarkic Spain","authors":"Eugenio J. Miravete ,&nbsp;María J. Moral","doi":"10.1016/j.ijindorg.2025.103170","DOIUrl":"10.1016/j.ijindorg.2025.103170","url":null,"abstract":"<div><div>The Spanish government pursued an aggressive, decades-long, autarkic policy that effectively banned automobile imports in most of Spain between 1939 and 1986. We take advantage of the Canary Islands' unique institutional fiscal regime to evaluate the effect of this autarkic industrial policy on domestic sales of automobiles produced in Spain. The archipelago's centuries old free-port regime allowed Canarian islanders access to imports. This resulted in a very different composition of automobile sales in the Canary Islands relative to other Spanish regions. Canarians' loyalty to Spanish domestic brands only converged to those of the rest of Spain years after Spain joined the European Union, once the tariff differential across regions was phased-out. Our analysis using historical provincial automobile registration data shows that import restrictions are responsible for 33% of additional domestic sales in Spain between 1972 and 1986.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"102 ","pages":"Article 103170"},"PeriodicalIF":1.4,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049860","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How do hospital markets respond to universal health insurance? 医院市场对全民健康保险有何反应？
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-08-19 DOI: 10.1016/j.ijindorg.2025.103190
Chia-Lun Liu , Shin-Yi Chou , Hsien-Ming Lien , Mary E. Deily
{"title":"How do hospital markets respond to universal health insurance?","authors":"Chia-Lun Liu ,&nbsp;Shin-Yi Chou ,&nbsp;Hsien-Ming Lien ,&nbsp;Mary E. Deily","doi":"10.1016/j.ijindorg.2025.103190","DOIUrl":"10.1016/j.ijindorg.2025.103190","url":null,"abstract":"<div><div>This paper studies the effects of universal health insurance reform on health care supply by examining how the implementation of National Health Insurance (NHI) in Taiwan affected the structure of the hospital sector. The massive increase in insurance coverage increased demand but also greatly reduced price differentials among hospitals. We use regional differences in the proportion of uninsured elderly before the reform to identify how these consequences of NHI affected hospitals. We find the reform resulted in a significant decrease in the number of hospitals, and that most of those exiting were small hospitals that offered fewer services and employed fewer doctors. Examination of the input choices and utilization rates of individual hospitals shows that large hospitals increased staffing levels and other inputs, and experienced higher utilization rates, while small hospitals did not; instead, many became clinics. The results suggest that the introduction of universal health insurance caused large hospitals to expand and prosper while small hospitals remained the same size or exited.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"103 ","pages":"Article 103190"},"PeriodicalIF":1.4,"publicationDate":"2025-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144908879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Socially responsible lobbying 对社会负责的游说
IF 1.4 3区 经济学
International Journal of Industrial Organization Pub Date : 2025-08-19 DOI: 10.1016/j.ijindorg.2025.103187
Saara Hämäläinen , Yi Zheng
{"title":"Socially responsible lobbying","authors":"Saara Hämäläinen ,&nbsp;Yi Zheng","doi":"10.1016/j.ijindorg.2025.103187","DOIUrl":"10.1016/j.ijindorg.2025.103187","url":null,"abstract":"<div><div>Our paper analyzes lobbying contests in which firms can enhance their competitiveness in the eyes of a decision-maker and stakeholders through both <em>traditional lobbying</em> (e.g., political contributions and information campaigns) and <em>responsible lobbying</em> (e.g., sustainability programs and consumer advocacy). We establish that increasing demand for various Corporate Social Responsibility (CSR) investments can incentivize firms to shift from traditional to responsible lobbying. Harnessing CSR for lobbying purposes obfuscates firm comparisons for the decision-maker and stakeholders, thereby reducing the intensity of lobbying competition and lowering equilibrium lobbying expenditures. This reallocation is generally welfare-improving and could occur even when traditional lobbying is somewhat more cost-efficient than responsible lobbying. Our results suggest that a transition to responsible lobbying—a “pro-consumer lobbying agenda”—can represent a move toward a more efficient lobbying standard.</div></div>","PeriodicalId":48127,"journal":{"name":"International Journal of Industrial Organization","volume":"103 ","pages":"Article 103187"},"PeriodicalIF":1.4,"publicationDate":"2025-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144925951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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