The relationship between the size of a market and the competitiveness of the market has been of long-standing interest to IO economists. Empirical studies have used the relationship between the size of the geographic market and both the number of firms in the market and the average sales of the...

A number of papers in the theoretical auction literature show that the release of information regarding the seller’s valuation of an item can cause bidders to bid more aggressively. This widely accepted result in auction theory remains largely untested in the empirical literature. Recent...

Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in...

<DIV><DIV><P>The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs.  The economic analyses in <I>Producer Dynamics</I> exploit this newly available data on establishments, firms, and workers, to address issues in...</i></p></div></div>

We explore the reasons for the productivity surge. We argue that a large share of the productivity gains resulted from significant changes in management practices at plants.

During the Great Recession, the rate at which Americans formed households fell sharply. Though the rate has recently picked up, it isn’t fast enough to make up for the shortfall in household formation that occurred over the last several years. An analysis of recent household formation patterns...