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Shapiro, Matthew D. - 2021

Non-competitive conduct can be assessed by estimating the size of the markup or Lerner index achieved in a market. The markup implies a price elasticity of demand faced by the representative firm. For a given markup, non-competitive conduct is greater the more elastic is the market elasticity of...

Persistent link: https://www.econbiz.de/10013219198

Measuring Market Power in the Ready-to-Eat Cereal Industry

Nevo, Aviv - 2007

The ready-to-eat cereal industry is characterized by high concentration margins, large advertising to sales ratios, and numerous introductions of new products. Previous researchers have concluded that the ready-to-eat cereal industry is a classic example of an industry with nearly collusive...

Persistent link: https://www.econbiz.de/10012778846

Antitrust

Kaplow, Louis - 2010

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...

Persistent link: https://www.econbiz.de/10012760415

Empirical Evidence for Collusion in the U.S. Auto Market?

Lambson, Val E.; Richardson, John David - 2021

market before, during, and after the voluntary restraint arrangements (VRAs) with Japan. Conclusions about whether the model …

Persistent link: https://www.econbiz.de/10013236785

The Cost of Banking Regulation

Guiso, Luigi - 2010

We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the … effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was … increase in bad loans. In provinces where restrictions to bank competition were most severe, the proportion of bad loans after …

Persistent link: https://www.econbiz.de/10012760665

Competition and Productivity in Japanese Manufacturing Industries

Okada, Yōsuke - 2022

This paper examines the determinants of productivity in Japanese manufacturing industries, looking particularly at the impact of product market competition on productivity. Using a newly available panel data on around ten thousand firms in Japanese manufacturing for the years 1994-2000, I show...

Persistent link: https://www.econbiz.de/10013308643

Liquidity Rules and Credit Booms

Hachem, Kinda - 2016

We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …

Persistent link: https://www.econbiz.de/10013001209

Deposit Market Power, Funding Stability and Long-Term Credit

Li, Lei; Loutskina, Elena; Strahan, Philip E. - 2021

This paper shows that banks raising deposits in more concentrated markets have more funding stability, which enhances banks’ ability to extend longer-maturity loans. We show that banks raising deposits in concentrated markets exhibit less pro-cyclical financing costs and profits, which in turn...

Persistent link: https://www.econbiz.de/10013310157

Bank Market Power and Monetary Policy Transmission : Evidence from a Structural Estimation

Wang, Yifei; Whited, Toni Marion; Wu, Yufeng; Xiao, Kairong - 2021

We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a …-through of these costs to borrowers and depositors, while facing capital and reserve regulation. We find that bank market power … explains much of the transmission of monetary policy to borrowers, with an effect comparable to that of bank capital regulation …

Persistent link: https://www.econbiz.de/10013310245

A Dynamic Oligopoly with Collusion and Price Wars

Fershtman, Chaim; Pakes, Ariel - 2001

Most of the theoretical work on collusion and price wars assumes identical firms and an unchanging environment, assumptions which are at odds with what we know about most industries. Further that literature focuses on the impact of collusion on prices. Whether an industry can support collusion...

Persistent link: https://www.econbiz.de/10014156182