Review of Industrial Organization
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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......
Electricity Merger Analysis: Market Screens, Market Definition, and Other Lemmings
Review of Industrial Organization - Tập 32 - Trang 263-288 - 2008
Much discussion and effort have been devoted to the use of market power screens to detect market power that might arise from existing generation asset portfolios or utility acquisition of new generation assets. The quest is to find the “Holy Grail”: a market power detection mechanism that minimizes the costs to all parties involved while finding the majority of market power exercises. This article......
Indifference to profit-sharing is consistent
Review of Industrial Organization - Tập 8 Số 4 - Trang 503-508 - 1993
Regulatory Change, Market Structure, and Fatalities: The Case of the Gulf of Mexico Reef Fish Fishery
Review of Industrial Organization - Tập 57 - Trang 1-26 - 2019
In fisheries, regime shifts from common-pool to tradable individual quota rights have led to a reduction in race-to-fish behavior—in particular under adverse weather conditions, and thus to a reduction in the rate of fatal injuries. At the same time, tradability of quota rights has led to some fleet consolidation, along with a shift to larger vessels, which may have also affected safety. We isolat......
Ocean Carriers’ Collusion Under Antitrust Immunity: Evidence of Asymmetric Pass-Through
Review of Industrial Organization - Tập 45 - Trang 59-77 - 2014
As fuel costs are the largest component of the shipping industry’s operating costs, this study examines whether ocean carriers pass fuel cost increases through to freight rates more quickly than they pass through fuel cost decreases. The focal price collusion theory suggests that such asymmetric pass-through could be a result of collusive behavior because collusion is easier to sustain when costs ......
Economic Analysis at the Federal Communications Commission, 2012–2013
Review of Industrial Organization - - 2013
Merger Enforcement under the Competition Act after Ten Years
Review of Industrial Organization - Tập 13 - Trang 25-56 - 1998
Abuse of Market Dominance Under China’s 2007 Anti-monopoly Law: A Preliminary Assessment
Review of Industrial Organization - - 2012
A comment on Bradburd: “Privatisation of natural monopolies”
Review of Industrial Organization - Tập 11 - Trang 869-882 - 1996
In a recent issue of this journal, Ralph Bradburd (1995) argues that the efficiency gains of privatising a natural monopoly are likely to outweigh any loss of allocative efficiency. However, a trade-off based on a definition of the total surplus which includes profits but not internal rents is flawed. Correcting the analysis shows that even stronger conditions have to be met before privatising a n......
The Impact of Timing on Bidding Behavior in Procurement Auctions of Contracts with Private Costs
Review of Industrial Organization - Tập 42 - Trang 321-343 - 2012
We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts that are known to have primarily private costs. Using a reduced-form difference-in-difference approach as well as the nonparametric estimation technique that was proposed by Racine and Li (J Econom 119(1):99–130, 2004) we find that bidding is more ag......
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