Showing 1 - 10 of 10,461
We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of … economic outcomes of a non-tradable industry in states targeted by DOJ antitrust lawsuits to outcomes of the same industry in … other states that were not targeted. We document that DOJ antitrust enforcement actions permanently increase employment by 5 …
Persistent link: https://www.econbiz.de/10014337831
Until the beginning of this century, the GATT/WTO system worked. Economic research provided a compelling explanation. It showed that if governments maximize the well-being of their own countries broadly defined, GATT/WTO principles would facilitate mutually beneficial cooperation over their...
Persistent link: https://www.econbiz.de/10015171695
Antitrust enforcement in the United States has declined since the 1960s. Building on several new datasets, we argue … antitrust law in confirmation hearings. We find little evidence that academic ideas played an important role in the decline of … antitrust enforcement except where they coincided with the interests of big business, which appears to have exercised influence …
Persistent link: https://www.econbiz.de/10013361981
In this article, I explain the inadequacy of our current state of knowledge regarding the effectiveness of antitrust … the effectiveness of antitrust policy. There are two types of data one requires in order to perform such an analysis. One … with the first type that a reliable analysis of antitrust policy can be carried out. There is a need both to collect the …
Persistent link: https://www.econbiz.de/10012463928
This paper presents a non-technical discussion of economic issues that arise due to links between competition (or anti-trust …) policy and international trade. While recent advances in international trade theory have borrowed heavily from the industrial … organization literature, this work has a schizophrenic quality to it. One of the insights that motivated the new trade theory was …
Persistent link: https://www.econbiz.de/10012473927
Recently competition policy has become an important trade policy issue, since many policy makers now see competition policy as an important instrument to secure market access' to foreign markets. This paper analyzes this issue both from a theoretical point of view and from the review of the...
Persistent link: https://www.econbiz.de/10012472092
In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10012458713
,' developed in trade theory to analyze the benefits from promoting entry of domestic firms in the manufacturing sector. In a … trade predicted by the theory are present in data and are quantitatively important …
Persistent link: https://www.econbiz.de/10012459306
will be incorporated into the next generation of the Penn World Table …
Persistent link: https://www.econbiz.de/10012460348
Can allowing foreign participation in the banking sector increase real output, despite the imperfectly competitive nature of the industry? Using a new model of heterogeneous, imperfectly competitive lenders and a simple search process, we show how endogenous markups (the net interest margin...
Persistent link: https://www.econbiz.de/10012462623