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Persistent link: https://www.econbiz.de/10003842487
In this essay, we describe antitrust analysis of horizontal mergers in U.S. retail markets. We begin by providing a brief overview of the economic and legal framework governing horizontal merger policy, and highlight key issues in analyzing retail mergers. Next, we discuss the changing legal...
Persistent link: https://www.econbiz.de/10013029953
We use the unique regulatory environment of the pharmaceutical industry to examine how potential competition affects generic drug pricing. Our identification strategy exploits a provision of the Hatch-Waxman Act that awards 180 days of marketing exclusivity to the first valid generic drug...
Persistent link: https://www.econbiz.de/10013116050
Numerous studies demonstrate that the highly educated are more likely to vote. The literature has not determined, however, why this is the case. The panel structure of the Current Population Survey allows us to exploit exogenous life cycle differences across otherwise similar cohorts, so that...
Persistent link: https://www.econbiz.de/10013151491
Persistent link: https://www.econbiz.de/10008826891
Enforcement agencies have a relatively good understanding of how to measure the loss of price competition caused by merger. However, when firms compete in multiple dimensions, merger effects are not well understood. In this paper, we study mergers in industries where firms compete by setting...
Persistent link: https://www.econbiz.de/10014026212