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Allocative Efficiency, Mark-ups, and the Welfare Gains from Trade
Holmes, Thomas J. - 2013
determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing …
Persistent link: https://www.econbiz.de/10012459387
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Keeping it Fresh : Strategic Product Redesigns and Welfare
Blonigen, Bruce A. - 2013
and exit decisions in a dynamic oligopoly model (a la Bajari et al (2007)) and use it to analyse redesign activity in the …
Persistent link: https://www.econbiz.de/10012459665
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Quantifying Market Power and Business Dynamism in the Macroeconomy
De Loecker, Jan; Eeckhout, Jan; Mongey, Simon - National Bureau of Economic Research - 2021
We propose a general equilibrium economy with oligopolistic output markets in which two channels can cause a change in market power: (i) technology, via changes to productivity shocks and the cost of entry, (ii) market structure, via changes to the number of potential competitors. First, we...
Persistent link: https://www.econbiz.de/10012533310
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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
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Voting Choice
Malenko, Andrey; Malenko, Nadya - National Bureau of Economic Research - 2023
Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has … come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over … environmental and social issues. Major fund managers now offer their investors a choice: delegate their votes to the fund or cast …
Persistent link: https://www.econbiz.de/10014337868
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Leadership in Groups : A Monetary Policy Experiment
Blinder, Alan S. - 2007
In an earlier paper (Blinder and Morgan, 2005), we created an experimental apparatus in which Princeton University students acted as ersatz central bankers, making monetary policy decisions both as individuals and in groups. In this study, we manipulate the size and leadership structure of...
Persistent link: https://www.econbiz.de/10012465259
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Do Markets Care Who Chairs the Central Bank?
Kuttner, Kenneth N. - 2007
This paper assesses the effects of central bank governor appointments on financial market expectations of monetary policy. To measure these effects, we assemble a new dataset of appointment announcements from 15 countries, and conduct an event study analysis on exchange rates, bond yields, and...
Persistent link: https://www.econbiz.de/10012465553
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Economics and Politics of Alternative Institutional Reforms
Caselli, Francesco - 2007
constraints on entry, but in addition it facilitates transfers of control of incumbent firms, from untalented to talented managers …
Persistent link: https://www.econbiz.de/10012465823
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Signalling, Wage Controls and Monetary Disinflation Policy
Persson, Torsten - 1989
Wage and price controls have a long and somewhat disreputable history, presumably because of their frequent use in many countries as short run substitutes for measure~ with more lasting effects on the inflation rate. But, in 1985 and 1986, Argentina, Brazil, and Israel used extensive wage-price...
Persistent link: https://www.econbiz.de/10012476114
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Storable Votes and Agenda Order Control. Theory and Experiments
Casella, Alessandra - 2008
The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary proposals are each granted a single extra bonus vote to cast as desired - a streamlined version of Storable Votes. When the order of the agenda is exogenous, a simple sufficient...
Persistent link: https://www.econbiz.de/10012464160