Review of Industrial Organization

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Designing incentive regulation
Review of Industrial Organization - Tập 9 - Trang 245-272 - 1994
David E. M. Sappington
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...... hiện toàn bộ
The 2010 Revised Merger Guidelines and Modern Industrial Economics
Review of Industrial Organization - Tập 39 - Trang 159-168 - 2011
Michael A. Salinger
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...... hiện toàn bộ
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
Yu Hsing, Franklin G. Mixon
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...... hiện toàn bộ
Are Interactive TV-Pioneers and Surfers Different Breeds? Broadband Demand and Asymmetric Cross-Price Effects
Review of Industrial Organization - - 2004
Kjetil Andersson, Kenneth Fjell, Øystein Foros
Recall and Vehicle Characteristics Associated with Vehicle Repair Rates
Review of Industrial Organization - Tập 59 - Trang 37-55 - 2021
Andrew M. Malec, Patricia K. Smith, Anson E. Smuts
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...... hiện toàn bộ
Comment on semiconductor session papers
Review of Industrial Organization - Tập 7 - Trang 355-359 - 1992
Philip Webre
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
Joseph Farrell, Jonathan B. Baker
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...... hiện toàn bộ
Impact of regulation on vertical integration in the electric industry
Review of Industrial Organization - Tập 1 - Trang 216-231 - 1984
John E. Filer, Robert S. Herren, Daniel R. Hollas, Paul K. Zebe
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 ...... hiện toàn bộ
Footloose Global Value Chains: How Trade Costs Make a Difference
Review of Industrial Organization - Tập 57 - Trang 245-261 - 2020
Adam Jakubik, Victor Stolzenburg
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...... hiện toàn bộ
Partial Privatization Upstream with Spatial Price Discrimination Downstream
Review of Industrial Organization - Tập 59 - Trang 57-78 - 2021
John S. Heywood, Shiqiang Wang, Guangliang Ye
We consider a mixed duopoly selling to downstream retailers that are engaged in spatial price discrimination. We show that the optimal degree of privatization falls below—often far below—the level that is implied in the absence of the vertical chain. The size of this reduction in privatization reflects the extent to which increasing transport cost (differentiation) increases double marginalization...... hiện toàn bộ
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