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An academic journal featuring articles on macroeconomics. Focuses on industrial organization, regulation, law and economics. Includes empirical and theoretical papers analyzing market behavior and public policy.
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Mergers with differentiated products: the case of the ready-to-eat cereal industry.(Statistical Data Included)
September 22, 2000... Traditional merger analysis is difficult to implement when evaluating mergers in industries with differentiated products. I discuss an alternative, which consists of demand estimation and the use of a model of postmerger conduct to simulate the...
The impact of the 1992 Cable Act on household demand and welfare.
September 22, 2000... I measure the benefit to households of the 1992 Cable Act in light of strategic responses by cable systems to the regulations mandated by the act. A discrete-choice differentiated-product model of household demand for all offered cable...
Transmission rights and market power on electric power networks.
September 22, 2000... We analyze whether and how the allocation of transmission rights associated with the use of electric power networks affects the behavior of electricity generators and consumers with market power. We also examine how the allocation of...
Two-stage patent races and patent policy.
September 22, 2000... I analyze the optimal degree of forward patent protection in a two-stage patent race framework. I compare three patent regimes, as the second innovation may be unpatentable and infringing (UI), patentable and infringing (PI), or patentable and...
Appealing judgments.
September 22, 2000... We use axiomatic and Bayesian methods to model information and decisions in a hierarchical judicial system. Axioms represent constraints that rules of evidence, procedure, and higher court review impose at the trial level; a one-parameter...
How does managed care do it?(integration of insurance industry and health services)
September 22, 2000... Integrating the health services and insurance industries, as health maintenance organizations (HMOs) do, could lower expenditure by reducing either the quantity of services or unit price or both. We compare the treatment of heart disease in...
Competitive pressure: the effects on investments in product and process innovation.
September 22, 2000... I analyze the effects of competitive pressure on a firm's incentives to invest in product and process innovations. I present a framework incorporating the selection and adaption effects of product market competition on efficiency and the...
Networks versus vertical integration.
September 22, 2000... We construct a theory to compare vertically integrated firms to networks of manufacturers and suppliers. Vertically integrated firms make their own specialized inputs. In networks, manufacturers procure specialized inputs from suppliers that,...