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Marketmaking Middlemen 市价中间商
3区 经济学
Rand Journal of Economics Pub Date : 2023-02-06 DOI: 10.1111/1756-2171.12431
Pieter Gautier, Bo Hu, Makoto Watanabe
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引用次数: 0
Management, productivity, and technology choices: evidence from U.S. mining schools 管理、生产力和技术选择:来自美国矿业学校的证据
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2023-01-31 DOI: 10.1111/1756-2171.12434
M. Rubens
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引用次数: 3
Mergers and market power: evidence from rivals' responses in European markets 并购与市场力量：来自欧洲市场竞争对手反应的证据
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-11-14 DOI: 10.1111/1756-2171.12427
Joel Stiebale, Florian W Szücs
{"title":"Mergers and market power: evidence from rivals' responses in European markets","authors":"Joel Stiebale, Florian W Szücs","doi":"10.1111/1756-2171.12427","DOIUrl":"https://doi.org/10.1111/1756-2171.12427","url":null,"abstract":"This paper analyzes the effects of mergers and acquisitions on the markups of non-merging rival firms across a broad set of industries. We exploit expert market definitions from the European Commission's merger decisions to identify relevant competitors in narrowly defined product markets. Applying recent methodological advances in the estimation of production functions, we estimate markups as a measure of market power. Our results indicate that rivals significantly increase their markups after mergers relative to a matched control group. Consistent with increases in market power, the effects are particularly pronounced in markets with few players, high initial markups and concentration. We also provide evidence that merger rivals reduce their employment, sales and investment, while their profits increase around the time of a merger.","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44176956","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: 27
On advance payments in tenders with budget constrained contractors 关于预算有限承包商投标中的预付款
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-11-10 DOI: 10.1111/1756-2171.12428
Oleksii Birulin, S. Izmalkov
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引用次数: 0
Does consumer demand pull scientifically novel drug innovation? 消费者需求拉动科学新药创新吗？
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-08-18 DOI: 10.1111/1756-2171.12422
David Dranove, Craig L. Garthwaite, Manuel Hermosilla
{"title":"Does consumer demand pull scientifically novel drug innovation?","authors":"David Dranove, Craig L. Garthwaite, Manuel Hermosilla","doi":"10.1111/1756-2171.12422","DOIUrl":"https://doi.org/10.1111/1756-2171.12422","url":null,"abstract":"","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47096093","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: 4
Competition in search markets with naive consumers 搜索市场与天真消费者的竞争
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-05-19 DOI: 10.1111/1756-2171.12410
Tobias Gamp, Daniel Krähmer
{"title":"Competition in search markets with naive consumers","authors":"Tobias Gamp, Daniel Krähmer","doi":"10.1111/1756-2171.12410","DOIUrl":"https://doi.org/10.1111/1756-2171.12410","url":null,"abstract":"We study the interplay between quality provision and consumer search in a search market where firms may design products of inferior quality to promote them to naive consumers who fail to fully understand product characteristics. We derive an equilibrium in which both superior and inferior quality is offered and show that as search frictions vanish, the share of firms offering superior goods in the market goes to zero. The presence of inferior products harms sophisticated consumers, as it forces them to search longer to find a superior product. We argue that policy interventions that reduce search frictions such as the standardization of price and package formats may harm welfare. In contrast, reducing the number of naive consumers through transparency policies and education campaigns as well as a minimum quality standard can improve welfare.","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":"1 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"63248770","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: 3
Prioritization vs. congestion on platforms: evidence from Amazon's Twitch.tv 平台上的优先级与拥塞：来自亚马逊Twitch.tv的证据
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-05-12 DOI: 10.1111/1756-2171.12409
José Tudón
{"title":"Prioritization vs. congestion on platforms: evidence from Amazon's Twitch.tv","authors":"José Tudón","doi":"10.1111/1756-2171.12409","DOIUrl":"https://doi.org/10.1111/1756-2171.12409","url":null,"abstract":"","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41725194","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: 3
Issue Information 问题信息
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-03-01 DOI: 10.1111/1756-2171.12376
{"title":"Issue Information","authors":"","doi":"10.1111/1756-2171.12376","DOIUrl":"https://doi.org/10.1111/1756-2171.12376","url":null,"abstract":"","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46731736","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
An experimental test of the Coase conjecture: Fairness in dynamic bargaining 科斯猜想的实验检验：动态谈判中的公平性
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-02-27 DOI: 10.1111/1756-2171.12403
Jack Fanning, Andrew Kloosterman
{"title":"An experimental test of the Coase conjecture: Fairness in dynamic bargaining","authors":"Jack Fanning, Andrew Kloosterman","doi":"10.1111/1756-2171.12403","DOIUrl":"https://doi.org/10.1111/1756-2171.12403","url":null,"abstract":"","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":"1 1","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41452803","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: 3
Repositioning and market power after airline mergers 航空公司合并后的重新定位与市场力量
IF 2.3 3区 经济学
Rand Journal of Economics Pub Date : 2022-02-02 DOI: 10.1111/1756-2171.12404
Sophia Li, J. Mazur, Yongjoon Park, James W. Roberts, Andrew Sweeting, Jun Zhang
{"title":"Repositioning and market power after airline mergers","authors":"Sophia Li, J. Mazur, Yongjoon Park, James W. Roberts, Andrew Sweeting, Jun Zhang","doi":"10.1111/1756-2171.12404","DOIUrl":"https://doi.org/10.1111/1756-2171.12404","url":null,"abstract":"We estimate a model of route-level competition between airlines who choose whether to offer nonstop or connecting service before setting prices. Airlines have full information about all quality, marginal cost, and fixed cost unobservables throughout the game, so that service choices will be selected on these residuals. We conduct merger simulations that allow for repositioning and account for the selection implied by the model and the data. Accounting for selection materially affects the predicted likelihood of repositioning and the predicted magnitude of post-merger price changes, and it allows us to match what has been observed after consummated mergers.","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2022-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47777443","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: 20
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