Tag: Bureau of Economics

Displaying 61 - 80 of 323 results.

We conduct a retrospective study of the Sutter-Summit hospital merger to assess whether antitrust enforcement in this matter was appropriate.  This consummated merger combined two hospitals located close together in the Oakland-Berkeley region of the San Francisco Bay Area.  The...
Economics at the Federal Trade Commission (FTC) supports both the competition and consumer protection missions of the agency. In this year’s essay we discuss competition activity with a summary of our work on the Google-DoubleClick merger and recent activity on resale price...
We estimate the effect of education and student status on the propensity to smoke. Our estimation strategy accounts for the endogeneity of education by “differencing out” the impact of unobserved characteristics correlated with educational attainment. This is accomplished by...
This study reports the results of the Federal Trade Commission’s second statistical survey of fraud in the United States. The survey found that 30.2 million adults – 13.5 percent of the adult population – were victims of one or more of the frauds included in the survey during the...
In a paper in the March 2004 AER, Justine Hastings concludes that the acquisition of an independent gasoline retailer, Thrifty, by a vertically integrated firm, ARCO, is associated with sizable price increases at competing stations. To better understand the novel mechanism to which...
Economics at the Federal Trade Commission (FTC) supports both the competition and consumer protection missions of the agency. In this year’'s essay we discuss two issues, one from each of the agency’'s missions. First, we focus on intellectual property issues in pharmaceuticals....
Market factors explain increases in the national average retail price for gasoline during the spring and summer of 2006, according to a report sent to the President today by the Federal Trade Commission and the U.S. Department of Justice’s Antitrust Division.
This study examines the effect of credit-based insurance scores on the price and availability of automobile insurance and the impact of such scores on racial and ethnic minority groups and on low-income groups. Using a large database of insurance policies, the study shows that scores...
While retail sales are an important economic phenomenon, previous research has not explored how the multiproduct nature of consumers’ purchasing decisions affects the pricing dynamics of multiproduct retailers. In this paper, we first document the extent to which "sales", defined as...
This study provides a comprehensive assessment of the amount and type of television advertising seen by children in 2004 and compares these results to similar studies conducted for the Federal Trade Commission's 1978 Children's Advertising Rulemaking. This study finds that children...
This study presents the results of 36 in-depth interviews with recent mortgage customers, and quantitative consumer testing with over 800 mortgage customers, that examined how consumers search for mortgages, how well consumers understand current mortgage cost disclosures and the...
Investment tax credits are generally implemented to stimulate investment in new goods. However, in the case of durable goods, such policies may also affect secondary markets for used goods. Using a simple theoretical model, I show that an exogenous shock to the price of new durable...
We examine retail gasoline station pricing using three years of weekly prices for 272 stations in the Virginia suburbs of Washington, DC. We report a number of new empirical findings about station level pricing and describe how these findings relate to existing models of retail...
This working paper presents the findings of copy test research on consumer perceptions of heart-health claims in print advertisements for a fictitious cooking oil low in saturated fat, and a vegetable oil spread containing no trans fatty acids. FDA regulations currently ban...
Aggregate demand models typically assume that consumers choose between all available products. Since consumers may be unwilling to search across every store in a given market for a particular item, this assumption is problematic when product assortments vary across stores. Using...
Economics at the Federal Trade Commission (FTC) supports both the competition and consumer protection missions of the agency. In this year'’s essay we discuss a range of activities focusing on data-intensive antitrust cases in the hospital and consumer products industries. We also...
This paper explores the relationship between competition and hospital charity care by analyzing changes in charity care associated with changes in a hospital’s competitive environment (due to mergers and divestitures), using hospital financial and discharge data from Florida and...
In their famous 1984 paper, Shapiro & Stiglitz developed what has become the canonical efficiency wage model. In their model, all workers are paid an efficiency wage, and no one shirks. Their model is based on the assumption that shirking workers are completely unproductive. In...
This paper explores a firm's incentive to technologically tie when R&D is important and finds that technological tying increases innovation, which is an efficiency not considered in other tying models. Intuitively, technological tying protects the seller from aftermarket entry,...
I examine online and offline prices for popular disposable contact lenses. Idiosyncratic features of this market make it likely that offline firms set prices on the assumption that most of their customers are unaware of online prices. Consistent with lower online search costs,...

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