Tag: Bureau of Economics

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...

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...

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...

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...

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...

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...

PUBLISHED AS: New Market Policy Effects on Used Markets: Theory and Evidence Investment tax credits are generally implemented to stimulate investment in new goods. However, in the case of durable...

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...

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...

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...

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...

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...

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...

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...

The most popular methodology used by the U.S. International Trade Commission (USITC) from 1989 through 1994 to determine whether unfairly traded imports injure competing domestic industries was known...

I analyze the effect on consumer welfare of settlements of patent infringement lawsuits that consist of a royalty-free license for delayed entry by a potentially infringing horizontal competitor of...

This paper develops and estimates a dynamic equilibrium model of the market for commercial aircraft. Airline choices are modeled as the solution to a discrete time dynamic programming problem, where...