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Endogenous Participation and Local Market Power in Highway Procurement
Highway Procurement Endogenous Participation
2015/7/17
We use highway procurement data from Michigan to study the e§ect of
Örmsídistances to the auction site on participation and bidding decisions. Motivated
by ìreduced formî evidence, we acco...
OPTIMAL MANDATES AND THE WELFARE COST OF ASYMMETRIC INFORMATION: EVIDENCE FROM THE U.K. ANNUITY MARKET
Annuities contract choice adverse selection
2015/7/17
Much of the extensive empirical literature on insurance markets has focused on
whether adverse selection can be detected. Once detected, however, there has been
little attempt to quantify its welfar...
How does the market react to news regarding large uncertain projects?
We analyze stock market reactions to information about changes in opening dates of
movies, and present two main findings. ...
The proposed model, while highly
stylized, maintains certain symmetry properties that allow us to obtain
equilibrium existence and uniqueness. We then study the comparative
statics of the model and...
The Impact of Market Size and Composition on Health Insurance Premiums:Evidence from the First Year of the ACA
Market Size and Composition Health Insurance Premiums:Evidence First Year of the ACA
2015/7/17
Approximately 8 million U.S. residents currently obtain private health insurance coverage through one of the marketplaces created by the Affordable Care Act (ACA).Recent research has documented consid...
THE MARKET IMPACTS OF PHARMACEUTICAL PRODUCT PATENTS IN DEVELOPING COUNTRIES:EVIDENCE FROM INDIA
MARKET IMPACTS PHARMACEUTICAL PRODUCT PATENTS DEVELOPING COUNTRIES EVIDENCE FROM INDIA
2015/7/17
In 2005, as the result of a World Trade Organization mandate, India began to implement product patents for pharmaceuticals that were compliant with the 1995 Trade-Related Aspects of Intellectual Prope...
A growing body of evidence highlights the mediaís impact on public policies relevant to economic
development. Governments are more likely to channel resources to those who have access to information ...
However, many have questioned whether press competition is so obviously
beneficial. Increased market pressure is sometimes associated with cutbacks in
reporting and editorial quality (Zaller, ...
IDENTIFYING TECHNOLOGY SPILLOVERS AND PRODUCT MARKET RIVALRY
Spillovers R&D market value patents productivity
2015/7/15
The impact of R&D on growth through spillovers has been a major topic of economic research over the last thirty years. A central problem in the literature is that firm performance is affected by two c...
The Apple-Cinnamon Cheerios War:Valuing New Goods,Identifying Market Power,and Economic Measurement
Apple-Cinnamon Cheerios War Valuing New Goods Identifying Market Power Economic Measurement
2015/7/15
The contribution of new goods to economic welfare is a first order question for understanding the growth of modern economies. New attention to this question has improved both our understanding of the ...
Economic Evidence in Antitrust: Defining Markets and Measuring Market Power
Economic Evidence Defining Markets Measuring Market Power
2015/7/15
Antitrust law, policy, and practice are the product of a long and fruitful interdisciplinary collaboration between law and economics. Our chapter addresses an important aspect of that collaboration: t...
华中科技大学投资学课件Chapter11 Market Efficiency。
The Consequences of Labor Market Flexibility:Panel Evidence Based on Survey Data
Job security provisions Subjective data Employment Unemployment
2015/5/14
We introduce a new data set on hiring and 2ring restrictions for 21 OECD countries for the period 1984 –1990. The data are based on surveys of business people in the countries covered,so the indices w...
Labor Market Institutions and Global Strategic Adaptation:Evidence from Lincoln Electric
Institutions Labor Market Complementarity Global Strategy Multinational Firms and Management
2015/5/14
Although one of the central questions in the global strategy field is how multinational firms successfully navigate multiple and often conflicting institutional environments, we know relatively little...
Does Product Market Competition Lead Firms to Decentralize?
Product Markets Competition Business Ventures Geographic Location Employees Research
2015/5/13
There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to...