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FTC Bureau of Economics Working Papers are preliminary materials circulated to stimulate discussion and critical comment. The analyses and conclusions set forth are those of the authors and do not necessarily reflect the views of other members of the Bureau of Economics, other Commission staff, or the Commission itself. References in publications to FTC Bureau of Economics Working Papers by FTC economists (other than acknowledgment by a writer that he has access to such unpublished materials) should be cleared with the author to protect the tentative character of these papers.

Working Papers are in PDF format. If you have trouble accessing one of these papers, please email ReportRequests@ftc.gov.

Pay Every Subject or Pay Only Some?

Authors
Beth Freeborn, Patrick McAlvanah, Lisa R. Anderson
Working Paper
342

One technique employed by budget-conscious researchers is to pay only some of the subjects for their choices in an experiment. We test the effect of paying some subjects versus paying all subjects in

Simulating Hospital Merger Simulations

Authors
David Balan and Keith Brand
Working Paper
334 (Revised)

We assess the performance of three hospital merger simulation methods by means of a Monte Carlo experiment. We first specify a rich theoretical model of hospital markets and use it to generate “true”

The Determinants of Plant Exit: The Evolution of the U.S. Refining Industry

Authors
David W. Meyer, Christopher T. Taylor
Working Paper
328
Published In
Journal of Industry, Competition and Trade

This paper analyzes factors that affect the exit and expansion of U.S. petroleum refineries using plant-level capacity data from 1947 to 2013. We find that larger refineries are less likely to close