Tag: Bureau of Economics

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A popular proposal to address the rising cost of higher education in the United States has been to provide tuition-free access to community colleges. This paper examines the effect of such a policy on college access, consumer welfare, and student outcomes accounting for equilibrium...
This paper assesses the impact of an educational program designed by the Federal Trade Commission to teach advertising literacy to children ages 8-12. In a randomized experiment, children who played the program’s instructional game scored significantly higher on an ad literacy test...
In 2018, Agrium and PotashCorp merged to become the world’s largest manufacturer of potash, from which potassium is extracted for use as one of the three main nutrients in agricultural fertilizer. The merged firm held a 60 percent share of North American capacity, suggesting the...
The net effect of vertical integration on consumer welfare depends on the magnitude of the price reductions resulting from the elimination of double marginalization at the integrated firm and the price increases resulting from higher input prices charged to unintegrated competitors. ...
This paper provides an economic approach to thinking about targeted online advertising, specifically with regard to the collection and use of personal data to enable targeting. Restricting the collection of personal data necessarily limits the use of targeted ads by firms to reach...
This paper analyzes whether postsecondary training programs have kept up with shifts in the occupational structure of the labor market over the past decades. I compare long-term trends in the distribution of employment, degrees, and certificates across occupation groupings using data...
University decisions can have lasting effects on students in the labor market; however, little is known about how these decisions are made. This paper develops a new framework for empirically analyzing course offerings at a sample university. The framework is based on the idea that...
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 the context of risk preferences, controlling for the difference in stakes induced by...
We consider how technologies that eliminate sources of demand uncertainty change the character and prevalence of coordinated conduct. Our results show that mechanisms that reduce firms' uncertainty about the true level of demand have ambiguous welfare implications for consumers and...
Using commercial claims for 2012-2013 from Colorado’s All-Payer Claims Database, we examine how medical service prices vary for five hospital-based procedures and the complexity adjusted inpatient price. We find that prices vary substantially in multiple dimensions. Our analysis...
Merging firms regularly argue that mergers involving capacity-constrained firms are unlikely to be anticompetitive, because the incentive for the merged firm to raise prices and reduce quantity may not be strong enough to generate slack in the capacity constraints and lead to higher...
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” price effects of a large number of hospital mergers. We then use the theoretical model...
We consider whether hospital acquisitions of physicians lead to improved clinical outcomes for Medicare patients aged 65 and older. The analysis combines 2005-2012 Medicare fee-for-service and enrollment data with merger and physician affiliation information from the Levin Reports and...
I use a large database of millions of complaints to examine how per-capita complaint rates vary across communities, as well as heterogeneity in complaining across different agencies and consumer protection issues. I find higher complaint rates in more heavily black, more educated, and...
In retail and health care markets, demand declines with geographic distance to the establishment, but either transport costs or preferences correlated with distance (“home bias”) could cause this decline. Using hospital choices for childbirth, we find that, after controlling for home...

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