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Distributional Effects of Competition : A Simulation Approach

Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021

Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...

Persistent link: https://www.econbiz.de/10013250767

Inequality and Market Concentration, When Shareholding is More Skewed than Consumption

Gans, Joshua - 2019

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals …

Persistent link: https://www.econbiz.de/10012894540

Common Ownership of Competing Firms : Evidence from Australia

Leigh, Andrew; Triggs, Adam - 2022

We provide the first estimates of the extent of common ownership of competing firms in Australia. Combining data on market shares and substantial shareholdings, we calculate the impact of common ownership on effective market concentration. Among firms where we can identify at least one owner, 31...

Persistent link: https://www.econbiz.de/10014031162

The Influence of Hidden Researcher Decisions in Applied Microeconomics

Huntington-Klein, Nick - 2020

Researchers make hundreds of decisions about data collection, preparation, and analysis in their research. We use a many-analysts approach to measure the extent and impact of these decisions. Two published causal empirical results are replicated by seven replicators each. We find large...

Persistent link: https://www.econbiz.de/10012833890

Decision-Making by Children

Lundberg, Shelly; Romich, Jennifer L.; Tsang, Kwok Ping - 2021

In this paper, we examine the determinants of decision-making power by children and young adolescents. Moving beyond … of parental control of child behavior and child resistance. Using child reports of decision-making and psychological and … cognitive measures from the NLSY79 Child Supplement, we examine the determinants of shared and sole decision-making in seven …

Persistent link: https://www.econbiz.de/10013316882

When the Baby Cries at Night : Inelastic Buyers in Non-Competitive Markets

Calzolari, Giacomo - 2014

We investigate empirically how sellers react to changes in the population of their consumers, identifying the effects of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively increase the price of some products when they observe in...

Persistent link: https://www.econbiz.de/10013046241

Image Versus Information : Changing Societal Norms and Optimal Privacy

Ali, S. Nageeb - 2016

We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public-spiritedness, private signal about the value of the...

Persistent link: https://www.econbiz.de/10012990864

Influence of Freedom of Choice on Happiness

Koohborfardhaghighi, Somayeh; Summers, Christopher; … - 2022

The literature on happiness shows that there are many factors that influence a person s happiness. Extending previous studies, we investigate the role of the freedom of choice as a key contributing construct in influencing a person s happiness. We define two hypothetical sub-constructs for the...

Persistent link: https://www.econbiz.de/10014030761

Human Capital Externalities with Monopsonistic Competition

Kaas, Leo - 2021

This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions

Persistent link: https://www.econbiz.de/10013324941

Effects of Credit Supply on Unemployment and Inequality

Bandyopadhyay, Subhayu - 2016

The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...

Persistent link: https://www.econbiz.de/10012987688