Tag: Bureau of Economics

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...

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...

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...

This paper examines the incentives for merger and collusion in a market where firms offer differentiated products and serve specific customer segments. The nature of interaction among firms largely...

Competitive access has been an important antitrust issue for the ICC since the Staggers Act of 1980 largely deregulated the railroad industry. This paper looks at the reasons why competitive access...

In the 1980s, the antitrust enforcement agencies have rejected the idea that mergers in declining industries should receive special consideration. This paper develops reasons why declining industry...

In a recent book, Cline estimated that current trade restrictions on textiles generate a net efficiency loss of $811 million annually, while those on apparel involve a loss of $7.3 billion. This paper...

This paper provides a critique of a recent paper in the Southern Economic Journal concerning the effectiveness of Certificate of Need (CON) regulation in controlling hospital costs. ("Regulation...

St. Louis Terminal Railroad (1912) has been cited by a number of authors as a case of vertical foreclosure by competitive rivals. The alleged foreclosure has been used as a basis for the "Essential...

This study examines the relationship between diversification and predation. Unlike previous analyses, the focus is placed on the role of the firm's investments in sunk cost assets. Unlike the single...

Tariffs and quotas are compared to assess their effects on firm behavior in a two-stage Cournot duopoly game, where R&D (or capital) is chosen initially and output is selected subsequently. In this...

The Federal Communications Commission limits the common ownership of multiple broadcast outlets in the same local market. This paper examines whether there are efficiencies from common ownership that...

An analytical model is employed to investigate competitive markets characterized by asymmetric consumer information as to product quality. Support is found for Leland's conclusion [1979] that a...