Showing 1 - 7 of 7
Previous studies (e.g. by Peltzman and Mathios-Plummer) reveal powerful share‐value effects of Federal Trade Commission (FTC) actions against firms for their advertising. Curiously, however, Mathios‐Plummer finds that when the FTC announces an investigation but simultaneous settlement of the...
Persistent link: https://www.econbiz.de/10008839137
No Abstract
Persistent link: https://www.econbiz.de/10005200295
Persistent link: https://www.econbiz.de/10005443196
Persistent link: https://www.econbiz.de/10005793132
Innovation enables monopolists to lower their costs, expand their outputs, and reduce their prices. It is conventional to conclude that social welfare unambiguously increases as a result. Assuming linear demand and marginal cost, this paper shows, however, that innovation raises the opportunity...
Persistent link: https://www.econbiz.de/10005694851
Persistent link: https://www.econbiz.de/10005200283