Tag: Bureau of Economics

Displaying 321 - 340 of 451 results.

The study examines the aftermath of mergers in three industries: titanium dioxide, cement, and corrugated paperboard. The study finds a mixture of results with likely pro-competitive outcomes in cement and paperboard, and a potentially large anti-competitive outcome in titanium...
Anecdotal evidence reveals that an import quota is not always filled when the quota is specified in terms of a market-share limit instead of a quantity limit. In a simple Cournot duopoly, we provide a theoretical rationale for this outcome. Imposing a market-share quota eliminates...
We examine antidumping policy in a model where a foreign firm is a monopolist in the foreign market, but competes with a native firm in the home market. An antidumping policy changes strategic behavior by giving firms an incentive to manipulate the price differential between home and...
Several recent antitrust cases indicate that courts believe the threat of entry can serve as an effective deterrent to an anticompetitive price increase. Yet there does not exist in the economic literature a general model that explains how entry can be such a threat, given the...
This paper finds that firms that have substantially increased leverage are more likely to issue convertible debt than firms that have increased leverage only slightly. Also, firms that have substantially decreased leverage are more likely to issue convertible debt than firms that...
This paper examines the degree of employment and hours per worker adjustment among comparable British, Canadian, and U.S. manufacturing industries. The standard adjustment cost model of dynamic labour demand, assuming nonmyopic firm expectations of the forcing variables, serves as...
This paper examines the incentives for two-product price-regulated firms to cross-subsidize when there are no economies or diseconomies of scope. If the two products are Substitutes and each product faces a separate regulatory constraint, after merger the product with the looser...
If a firm acquires stock in a competitor, further price competition may impose a penalty in the form of devalued holdings. The purchase, by penalizing price cuts, may help to support tacit collusion between firms. This paper establishes how the partial acquisition of outstanding...
This study estimates the earnings differential between college and high school graduates, denoted as the college earnings premium, from 1940 to 1988. The average measured premium exhibits a decline in the 1940s, gradual increases in the 1950s and 1960s, a decline in the 1970s and a...
The study evaluates the desirability of import tariffs on crude oil and refined petroleum products. Such tariffs would cost consumers between $2 and $5 per dollar of revenue raised. Excise taxes, on the other hand, would cost consumers $1.05 to $1.13 per dollar of revenue raised...
Studies of tax incidence usually present estimates based on annual data and then simply note that estimates based on lifetime information would be preferable, but are precluded by data limitations. This paper presents estimates of property tax incidence in both an annual and life-...
We examine quality choice in a duopoly model with one foreign and one domestic firm. where consumers show similar preferences for quality but different preferences for brands. Firms set quality prior to choosing price; and. the interaction between firms and policymakers assumes...
This paper examines whether workers are less willing to accept defined benefit pension plans (a type of implicit contract) from firms that have reduced either worker compensation or employment. Worker reluctance to accept defined benefit pension plans from these firms suggests that...
This paper develops a measure for the change in producer welfare when both factor and product prices are changed simultaneously. Such a measure is useful when performing economic analysis of proposed policy changes affecting two vertically-related industries. For example, in previous...
This paper explains the anticompetitive consequences of horizontal restraints by analyzing how restrictions affect the cost conditions faced by individual members of the group. Our analysis assumes that the firms cannot collude to directly restrict output or raise price . A group of...
The 1980's saw the evolution of a vertical antitrust theory often referred to as "Raising Rivals' Costs." Our analysis examines this theory and its robustness with respect to a number of assumptions. In addition, the applicability of the theory to two well known cases is evaluated....
Does the extent of injury suffered by a domestic industry from unfair imports depend on the type of competition that exists between domestic and foreign firms? Is injury more severe when domestic and foreign firms are perfect competitors or when they are oligopoly rivals? These...
Prior analyses have found little incentive for merger in the absence of efficiency gains. Either merger is unprofitable, or outside firms earn higher profits than the merged parties. We examine merger in a model with differentiated consumers, and find that mergers are profitable....
The study examines recent FTC merger enforcement and uses stock market evidence to confront prior research which argued that the FTC tended to challenge pro-competitive mergers. The study finds that the evidence is equally consistent with the FTC challenging mergers that...
The analysis provides a brief background of the ocean shipping industry and its regulatory history, and describes and evaluates the rationales for regulating that industry. Section VII analyzes the effects of the 1984 Act, with particular attention to: 1) the roles of service...

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