Economic Reports

Study finds that states using price cap regulation have 7-10 percent lower long-distance rates than states using rate-of-return regulation. In addition, state regulatory entry barriers tend to

Report finds that firms who lose litigated FTC advertising cases can suffer a 5 percent loss in market value. The report also examined NAD, NARB, and Lanham Act cases.

Report reviews all 203 public and private RPM cases from 1976 to 1982 (pre-Monsanto decision). Finds that case records are consistent with several of the efficiency-enhancing rationales for the use of

Study evaluates the effects of CON regulation on hospital costs using 1983-1984 data for a national sample of 3708 hospitals. Study finds no evidence that CON programs have led to the resource savings

Evaluates the literature on the "tax-incentive" hypothesis that tax provisions provide important incentives for mergers, particularly mergers which, though they may not be anticompetitive, are

Examines empirically the effects of various state restrictions on the number and use of dental hygienists and assistants. Concludes that relaxation of restrictions on the number of hygienists that a

Using statistical analysis, the study concludes that industry-specific factors (unfair trade practices, low R&D, union work rules, antitrust laws, etc.) are not the cause of the aggregate U.S. trade

Hospital price and expense data for 1978-79 are examined to identify the effects of competition. The results imply that a reduction in market concentration results in an increase in both price and

A cost/benefit analysis of a petroleum import tariff. The study finds that such a tariff imposes a net loss on society and is an inefficient means of attaining any national goals.

Study examines the stock market's reactions to two anti-takeover statutes passed by New York State in 1985. Findings indicate that the law resulted in an average decline in equity value of nearly one

Experiments indicated that if sellers could not develop reputations for poor quality, then the market would consist entirely of poor quality products. The need to attract re-purchase is not sufficient