Similar Search Results

Tacit Collusion and Voluntary Disclosure : Theory and Evidence from the U.S. Automotive Industry

Bertomeu, Jeremy - 2020

This study examines how industry peers share information when they are engaged in tacit collusion. We develop a model … of firms' information sharing and production decisions and use it to establish that firms engaged in tacit collusion are … information sharing when firms place less weight on the future benefit from tacit collusion …

Persistent link: https://www.econbiz.de/10012856190

Prestige without Purpose? : Reputation, differentiation, and pricing in US equity underwriting

Fernando, Chitru S.; Gatčev, Vladimir A.; May, Anthony D. - 2015

Clustering of IPO underwriting spreads at 7% poses two important puzzles: Is the market for U.S. equity underwriting services anti-competitive and why do equity underwriters invest in reputation-building? This study resolves both puzzles. Modeling endogeneity of firm-underwriter choice using a...

Persistent link: https://www.econbiz.de/10011334160

Prestige Without Purpose? Reputation, Differentiation, and Pricing in U.S. Equity Underwriting

Fernando, Chitru S. - 2018

Persistent link: https://www.econbiz.de/10012937858

Strategic Complements or Substitutes? The Case of Adopting Health Information Technology by U.S. Hospitals

Lin, Jianjing - 2019

This paper explores the adoption choice of electronic medical records by U.S hospitals, which could exhibit strategic complements or substitutes. I find complementarities in adoption through a reduced-form analysis with instruments for the unobserved market characteristics. I further develop a...

Persistent link: https://www.econbiz.de/10012900282

To Coordinate with or Differentiate from Your Neighbor : The Adoption of Electronic Medical Records by U.S. Hospital Systems

Lin, Jianjing - 2019

This paper seeks to understand the incentives of affiliated hospitals in choosing health information technology (IT) vendors. By adopting a system popular in the local market, hospitals may benefit from complementarities but also worry about losing patients. If benefits outweigh the competitive...

Persistent link: https://www.econbiz.de/10012899159

Some Observations in the U.S. Prescription Drug Market after Patent Expiration During the 80s

Ching, Andrew T. - 2014

This paper summarizes four stylized facts about the prescription drug markets after patent expiration during the 80s: (i) generic firms entered the market at different points of time after patent expiration and they seldom exited; (ii) the brand-name price remained much higher than generic prices,...

Persistent link: https://www.econbiz.de/10014046066

Competition, Product Proliferation and Welfare : A Study of the U.S. Smartphone Market

Fan, Ying; Yang, Chenyu - 2016

This paper studies (1) whether, from a welfare point of view, oligopolistic competition leads to too few or too many products in a market, and (2) how a change in competition affects the number and the composition of product offerings. We address these two questions in the context of the U.S....

Persistent link: https://www.econbiz.de/10014141809

No derivative shareholder suits in Europe : a model of percentage limits and collusion

Grechenig, Kristoffel; Sekyra, Michael - 2010

We address one of the cardinal puzzles of European corporate law: the lack of derivate shareholder suits. We explain this phenomenon on the basis of percentage limits which require shareholders to hold a minimum amount of shares in order to bring a lawsuit. We show that, under this legal regime,...

Persistent link: https://www.econbiz.de/10008738315

Stochastic market sharing, partial communication and collusion

Gerlach, Heiko A. - In: International journal of industrial organization 27 (2009) 6, pp. 655-666

Persistent link: https://www.econbiz.de/10003923624

Collusion in the US generic drug industry

Clark, Robert; Fabiilli, Christopher Anthony; Lasio, Laura - 2021

control drugs. Our analysis highlights (i) the difficulty of establishing a suitable control group when collusion is pervasive … collusion on prices. Our most conservative estimates suggest that collusion led to price increases of between 0% and 166% for …

Persistent link: https://www.econbiz.de/10012670921