Organizational change has become the norm rather than the exception among U.S. hospitals. Downsizing, service diversification, and affiliation with healthcare systems are but a few notable examples. In this paper, we review the rationale and consequences of organizational change in U.S....

This article examines the nature of the effect of the U.S. Supreme Court's Empagran decision through the lens of the global vitamins cartel, using legal and economic analysis and also empirical data to describe the effect. The article commences with a discussion of the analytic approach adopted...

“Sustainable prosperity” denotes an economy that generates stable and equitable growth for a large and growing middle class. From the 1940s into the 1970s, the United States appeared to be on a trajectory of sustainable prosperity, especially for white-male members of the U.S. labor force....

We build a model of firm entry and exit and show how returns to scale shape firm survival, the equilibrium productivity and size distributions and firm concentration. High productivity dispersion and high concentration ratios need not reflect inefficiencies when returns to scale are strongly...

This paper is an empirical assessment of the comparative efficiency of governance structures in an environment marked by high uncertainty. We analyze the short-term impact of retail deregulation on the productive efficiency of electric utilities in the United States. We argue that there are...

We examined ten years (1st January 2008 until 31st December 2017) of the regular non-provisional utility applications data (~3.63 million applications) from three different United States Patent and Trademark Office (USPTO) sources - Patent Examination Data System (PEDS), Patents-view database...

I document the evolution of market power in the U.S. airline industry for the period 1990:Q1-2019:Q4. I recover estimates of markups, defined as the ratio of price to marginal cost, at the airline-time level. Dominant carriers in the industry have substantially increased their markups in the...

Multi-unit ownership and branding are separate decisions and non-consumer audiences can affect both. In this study we distinguish between the branding and chaining decisions of nursing homes, while measuring the effects of litigation and labor unions on these decisions. Chaining (independent of...

Using firm level panel data from the U.S., I explore the relationship between firm size and R&D productivity for two important and R&D-intensive industries: Semiconductors and Pharmaceuticals. I employ two measures of a firm's R&D performance: the number of citations received per patented...

This study presents an empirical test of the relationship between market concentration and new product introductions. The analysis uses an annual panel data set of the US processed food industry that spans across the period 1983 to 2004. The estimations depict that market concentration increases...