Showing 1 - 5 of 5
Hypermarkets are large retail suppliers of general merchandise or grocery items that also sell gasoline, often at very low margins. Using panel data for 1998-2002, this paper estimates the impact of hypermarkets on average state-level retail gasoline prices. The empirical results suggest a...
Persistent link: https://www.econbiz.de/10008545948
In traditional industrial organization models of Bertrand supergames, the critical discount factor governing the sustainability of collusion is independent of key demand and supply parameters. Recent research has demonstrated that these counterintuitive results stem from the assumption that...
Persistent link: https://www.econbiz.de/10008545986
This paper formally examines the factors underlying how responsive imports must be to domestic prices (the ‘import supply elasticity’) in order to thwart an anticompetitive domestic price increase stemming from a merger––an issue that frequently arises in many antitrust reviews. Domestic...
Persistent link: https://www.econbiz.de/10008784616
The impact that competition exerts on the incentives of firms to pass through reductions in their marginal costs is an important consideration in assessing the performance of alternate market structures. This paper examines the role of product differentiation on firm-specific and industry-wide...
Persistent link: https://www.econbiz.de/10008683283
Private individuals and entities invest in a wide variety of market-provisioned self-protection devices or services to mitigate their probability of victimization to crime. However, evaluating the effect of such private security measures remains understudied in the economics of crime literature....
Persistent link: https://www.econbiz.de/10008685356