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Oligopsony Power and Factor-Biased Technology Adoption

Rubens, Michael - National Bureau of Economic Research - 2022

I show that buyer power of firms could either increase or decrease their technology adoption, depending on the direction of technical change and on which input markets are imperfectly competitive. I examine this relationship empirically in a setting that features both concentrated labor markets...

Persistent link: https://www.econbiz.de/10013435148

A Tale of Two Networks : Common Ownership and Product Market Rivalry

Ederer, Florian; Pellegrino, Bruno - National Bureau of Economic Research - 2022

general equilibrium model with a hedonic demand system in which firms compete in a network game of oligopoly. Firms are …

Persistent link: https://www.econbiz.de/10013191098

The Value of Pharmacy Benefit Management

Mulligan, Casey B. - National Bureau of Economic Research - 2022

In theory, equilibrium profits for drug patent holders would not involve significant restraints on production and … through insurance plans. This paper provides a quantitative model consistent with the theory and evidence in which pharmacy … benefit management on behalf of insurance plans serves these and other purposes in both monopoly and oligopoly provider …

Persistent link: https://www.econbiz.de/10013334448

Dynamic Price Competition : Theory and Evidence from Airline Markets

Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …

Persistent link: https://www.econbiz.de/10013362001

Dynamic Oligopoly Pricing with Asymmetric Information : Implications for Horizontal Mergers

Sweeting, Andrew; Tao, Xuezhen; Yao, Xinlu - National Bureau of Economic Research - 2021

We model differentiated product pricing by firms that possess private information about serially-correlated state variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can raise prices significantly above static complete...

Persistent link: https://www.econbiz.de/10012496143

Common Ownership, Competition, and Top Management Incentives

Anton, Miguel; Ederer, Florian; Giné, Mireia; Schmalz, … - National Bureau of Economic Research - 2022

We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common ownership causes variation in managerial incentives and productivity across firms, which leads to intra-industry and intra-firm cross-market...

Persistent link: https://www.econbiz.de/10013477278

Lobbying Physicians : Payments from Industry and Hospital Procurement of Medical Devices

Bergman, Alon; Grennan, Matthew; Swanson, Ashley - National Bureau of Economic Research - 2021

We draw upon newly merged administrative data sets to study the relationship between payments from medical technology firms to physicians and medical device procurement by hospitals. These payments (and the interactions that accompany them) may facilitate the transfer of valuable information to...

Persistent link: https://www.econbiz.de/10012794611

A Quantitative Framework for Analyzing the Distributional Effects of Incentive Schemes

Macartney, Hugh; McMillan, Robert; Petronijevic, Uros - National Bureau of Economic Research - 2021

This paper develops the first quantitative framework for analyzing distributional effects of incentive schemes in public education. The analysis is built around a hump-shaped effort function, estimated semi-parametrically using exogenous incentive variation and rich administrative data. We...

Persistent link: https://www.econbiz.de/10012533365

Deadlines Versus Continuous Incentives : Evidence from the Patent Office

Frakes, Michael; Wasserman, Melissa F. - National Bureau of Economic Research - 2024

A quota system with an associated deadline may retain the possibility of worker procrastination and related deadline behaviors. A performance appraisal system based on continuous temporal incentives, on the other hand, has the potential to alleviate deadline effects but may lose some of the...

Persistent link: https://www.econbiz.de/10014468266

Employee Evaluation and Skill Investments : Evidence from Public School Teachers

Taylor, Eric S. - National Bureau of Economic Research - 2022

When an employee expects repeated evaluation and performance incentives over time, the potential future rewards create an incentive to invest in building relevant skills. Because new skills benefit job performance, the effects of an evaluation program can persist after the rewards end or even...

Persistent link: https://www.econbiz.de/10013462735