used to determine future prices when subject to a lower-powered regulation mechanism. The difference is particularly … significant (about 10% of total cost) for firms in the upper quartile of the efficiency distribution, a pattern which is …

subject to a lower-powered regulation mechanism. The difference is particularly significant (about 7%) for firms in the upper … quartile of the efficiency distribution, a pattern which is consistent with the pooling of types under the threat of ratcheting. …

merger process to evaluate the impact of government-provided incentives on consolidation patterns, and to evaluate the … Nash Bargaining problem. The efficiency of candidate merged entities is determined by a relative-influence function that … measures the degree to which the combination of the involved firms’ levels of efficiency results in cost …