Tag: Bureau of Economics

Displaying 241 - 260 of 329 results.

Report reviews all 203 public and private RPM cases from 1976 to 1982 (pre-Monsanto decision). Finds that case records are consistent with several of the efficiency-enhancing rationales for the use of RPM (e.g., "free rider" and more recent agency theories). Only 15 percent of cases...
Past studies of takeover regulations have found that they increase the premiums paid to the shareholders of successfully acquired targets. Jarrell and Bradley argue that these higher premiums harm shareholders by discouraging takeover activity and protecting inefficient managers....
Certain government regulations require a good deal of investment by firms before the regulations actually go into effect. In these cases, if a firm does not engage in the desired level of investment, it can be quite costly to society to actually enforce the regulation. This paper...
Study evaluates the effects of CON regulation on hospital costs using 1983-1984 data for a national sample of 3708 hospitals. Study finds no evidence that CON programs have led to the resource savings they were designed to promote, but rather indicates that reliance on CON review may...
Under Section 201 of the Trade Act of 1974, the so-called escape clause, a domestic industry that is seriously injured can obtain temporary relief if imports are the substantial cause of such injury. 'This paper develops a methodology that can be used to determine the change in a...
This paper develops an analysis of markets in which sellers have significant sunk investments; it takes considerable time to enter; and buyers can make credible commitments to obtain alternative sources of supply. We show that in markets with these characteristics the market power of...
Evaluates the literature on the "tax-incentive" hypothesis that tax provisions provide important incentives for mergers, particularly mergers which, though they may not be anticompetitive, are inefficient.
Using statistical analysis, the study concludes that industry-specific factors (unfair trade practices, low R&D, union work rules, antitrust laws, etc.) are not the cause of the aggregate U.S. trade deficit. Rather, the trade deficit is the result of economy-wide factors such as...
Examines empirically the effects of various state restrictions on the number and use of dental hygienists and assistants. Concludes that relaxation of restrictions on the number of hygienists that a dentist may employ would benefit consumers by providing the same quality of service...
Hospital price and expense data for 1978-79 are examined to identify the effects of competition. The results imply that a reduction in market concentration results in an increase in both price and quality competition. Other results concerning the effect of nonprofit organization, CON...
This note compares the efficiency of a joint venture with supply, output royalty and lump sum arrangements in the context of firms contributing complementary inputs to some project. In a world of certainty and no transactions costs, input complementarities would not be a sufficient...
Based on the concept of weakly separable utility (which applied empirical work implicitly or explicitly assumes), this paper develops a theoretical condition that a set of own and cross-elasticity of demand estimates must satisfy. The paper shows how the condition may be used to...
A cost/benefit analysis of a petroleum import tariff. The study finds that such a tariff imposes a net loss on society and is an inefficient means of attaining any national goals.

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