Review of Industrial Organization
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Designing incentive regulation
Review of Industrial Organization - Tập 9 - Trang 245-272 - 1994
This paper presents a nontechnical investigation of the properties of sound,
effective incentive regulation. The characteristics of good incentive regulation
plans are linked to the goals, powers, and abilities of regulators, and to the
nature of the regulatory environment. The paper concludes with ten simple
guidelines that may prove useful to policymakers charged with the difficult task
of desig...
Economics at DG Competition 2006–2007
Review of Industrial Organization - Tập 31 - Trang 139-153 - 2007
This paper discusses a number of significant developments in the enforcement
activities of the Directorate General for Competition at the European
Commission, during 2006–2007. It covers a selection of investigations as well as
policy initiatives that have triggered a debate in terms of the underlying
economics.
The 2010 Revised Merger Guidelines and Modern Industrial Economics
Review of Industrial Organization - Tập 39 - Trang 159-168 - 2011
The new Horizontal Merger Guidelines provide greater transparency into how the
Department of Justice and the Federal Trade Commission staffs review horizontal
mergers than did the guidelines they replaced. While they reflect some advances
in economic techniques for predicting the competitive consequences of mergers
(most notabley the Upward Pricing Pressure test), greater attention to costs and
ef...
Price convergence in contestable market structures: The impact of time and price-caps on intercity telecommunications rates
Review of Industrial Organization - Tập 9 - Trang 813-822 - 1994
In this study, we tested if long-distance rates among AT&T, MCI, and US Sprint
between New York City and six major SMSAs during 1980–91 have converged.
Empirical findings show that rates have converged over time, that rate ratios or
differences increased under price cap, and that distance does not have any
impact on rate convergence. The variables of TIME and price cap (CAP) have
greater impacts o...
Are Interactive TV-Pioneers and Surfers Different Breeds? Broadband Demand and Asymmetric Cross-Price Effects
Review of Industrial Organization - - 2004
Recall and Vehicle Characteristics Associated with Vehicle Repair Rates
Review of Industrial Organization - Tập 59 - Trang 37-55 - 2021
Carfax (2018) estimates that 20% of U.S. vehicles that are on the road have
outstanding recalls: they have a known defective part or design. Recalled
vehicles represent future costs to manufacturers and pose safety risks to the
public. Only two prior studies examine the determinants of recall completion
rates—the percent of recalled vehicles that are repaired—and both use
cross-sectional data from...
Comment on semiconductor session papers
Review of Industrial Organization - Tập 7 - Trang 355-359 - 1992
Natural Oligopoly Responses, Repeated Games, and Coordinated Effects in Merger Analysis: A Perspective and Research Agenda
Review of Industrial Organization - Tập 58 - Trang 103-141 - 2021
When the 1968 Merger Guidelines were drafted, both the economics and antitrust
literatures addressed how competition could be softened when oligopolists
anticipated the natural and predictable responses of their rivals to their
competitive moves, such as price cuts or output expansion. But when economists
developed new models of oligopoly behavior, and of coordinated effects in
particular, the old...
Impact of regulation on vertical integration in the electric industry
Review of Industrial Organization - Tập 1 - Trang 216-231 - 1984
The purpose of this paper is to determine the factors which affect electric
utilities’ dicisions about whether to vertically integrate into coal.
Specifically, we attempt to determine whether variation in the stringency of
regulation will affect the probability of vertically integrating. Public Service
Commissions allow, to one degree or another, utilities to pass along fuel
adjustment charges to ...
Footloose Global Value Chains: How Trade Costs Make a Difference
Review of Industrial Organization - Tập 57 - Trang 245-261 - 2020
The geography of global value chains (GVCs) depends crucially on trade costs
between countries that host the various stages of production, and some stages
might be more sensitive to trade costs than are other stages. In this paper, we
exploit a value-added decomposition of bilateral trade flows to distinguish the
low value-added GVC trade that is typically associated with production stages
such as...
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