Uncertainty, Depreciation And Industry Growth, 2019 George Washington University
Uncertainty, Depreciation And Industry Growth, Roberto Samaiego, Juliana Yu Sun
Research Collection School Of Economics
When investment is irreversible, firms invest only when the mismatch between their productivity and their capital stock is large. This suggests that two factors should be related to the frequency of mismatch: volatility and capital depreciation. A canonical model of industry dynamics with investment irreversibility displays slow growth in times of high uncertainty, and decline is particularly pronounced in industries where capital depreciation is rapid. A differences-in-differences regression using industry growth data from a large sample of countries supports this result.
The Historical And Legal Creation Of A Fissured Workplace: The Case Of Franchising, 2019 University of Massachusetts Amherst
The Historical And Legal Creation Of A Fissured Workplace: The Case Of Franchising, Brian Callaci
Doctoral Dissertations
This dissertation explores the consequences of institutional change in capitalist firms, focusing on vertical dis-integration, the legal boundaries of the firm and what David Weil has called workplace "fissuring," in which corporations place intermediaries (subcontractors, temp agencies, or franchisees) between themselves and workers, often with negative consequences for workers. It focuses specifically on franchising, a type of fissured workplace in which one firm outsources retail operations to smaller, legally independent franchisees. The first chapter uses archival sources to identify the legal and policy changes driving workplace fissuring in the franchising context: specifically the relaxing of antitrust prohibitions on vertical restraints …
Introduction To The Special Issue On The Blue Economy Of Bangladesh, 2019 World Bank
Introduction To The Special Issue On The Blue Economy Of Bangladesh, Pawan G. Patil, Pierre Failler, Khurshed Alam
Journal of Ocean and Coastal Economics
Introduction to the Special Edition on the Blue Economy of Bangladesh by the Editors of the Special Edition.
Essays On The Economics Of Digital Piracy, 2019 The University of Western Ontario
Essays On The Economics Of Digital Piracy, Zhuang Liu
Electronic Thesis and Dissertation Repository
My thesis consists of three chapters relating to the economics of digital piracy. Digital piracy is a debated topic catching tremendous academic and public attention. My studies contribute to the understanding of the impact of digital piracy on legitimate sales revenue with a focus on the motion picture industry.
In my first chapter, I examine the effects of screener piracy on the movie box office. Screeners are movie copies sent to critics and industry professionals for evaluation purposes. Sometimes, screeners are leaked and made available to download on the Internet. This chapter exploits the plausibly exogenous variation of file sharing/piracy …
The Effect Of Latest Shipping Alliance On Shipping Industry, 2019 World Maritime University
The Effect Of Latest Shipping Alliance On Shipping Industry, Lingjie Li
World Maritime University Dissertations
No abstract provided.
Research On Double-Stack Container Transport Organization In International Multimodal Transport, 2019 World Maritime University
Research On Double-Stack Container Transport Organization In International Multimodal Transport, Xi Zhu
World Maritime University Dissertations
No abstract provided.
The Oppressive Pressures Of Globalization And Neoliberalism On Mexican Maquiladora Garment Workers, 2019 The University of Tennessee, Knoxville
The Oppressive Pressures Of Globalization And Neoliberalism On Mexican Maquiladora Garment Workers, Jenna Demeter
Pursuit - The Journal of Undergraduate Research at The University of Tennessee
The international economic trends of globalization and neoliberalism have exposed and enabled the exploitation of Mexican workers, especially women in the maquiladora garment industry. During the 1950s, globalization gave rise to the new international division of labor and transnational corporations (TNCs) that have offshored labor-intensive phases of production to developing countries, many of which have pursued export-led industrialization. Export processing in Mexico was encouraged in the 1960s by Item 807 of the U.S. Tariff Code and Mexico’s Border Industrialization Program. Especially following the Latin American debt crisis of the 1980s, advanced capitalist countries and International Financial Institutions foisted neoliberal structural …
Natural Gas Investment In West Virginia, 2010-2016, 2019 West Virginia University
Natural Gas Investment In West Virginia, 2010-2016, Eric Bowen
Bureau of Business & Economic Research
West Virginia’s natural gas boom began in 2010 as hydraulic fracturing and horizontal drilling techniques began to be applied to the state’s shale formations. Since then, West Virginia has become the nation’s ninth-largest natural gas producer in 2017, with gross withdrawals of more than 1.6 trillion cubic feet. Since the gas boom started, the natural gas industry has made considerable investments in the state to pay for well drilling, mineral royalties, and pipeline infrastructure, among other investment costs. In this report, we estimate these investments in two key areas: upstream costs and midstream infrastructure.
On The Optimality Of One-Size-Fits-All Contracts: The Limited Liability Case, 2019 Diego Portales University
On The Optimality Of One-Size-Fits-All Contracts: The Limited Liability Case, Felipe Balmaceda Assoc Prof.
Felipe Balmaceda
Tax Uncertainty And Business Activity, 2019 Singapore Management University
Tax Uncertainty And Business Activity, Jungho Lee, Jianhuan Xu
Research Collection School Of Economics
We investigate the extent to which uncertainties about tax policies affect business activities. We develop a statewide tax-uncertainty measure (TU measure) and show that it captures state corporate tax uncertainty. By comparing adjacent counties across state borders, we show that increasing tax uncertainty by one standard deviation (a 30% increase in the TU measure) leads to a 0.17% point per-year decrease in the growth rate of establishments over two years. The result holds after conducting a variety of robustness checks and is not likely to be driven by general state-policy uncertainties.
Public Interests And Economic Regulation Of Gambling, 2019 Netherlands Gambling Authority
Public Interests And Economic Regulation Of Gambling, Rein Halbersma, Joost Poort
International Conference on Gambling & Risk Taking
In the Netherlands, the Betting and Gaming Act from 1964 largely determines the current structure of gambling markets. The policy was to channel consumers to a limited number of licensed operators. This led to state-owned monopolies for lotteries, sports betting and casinos, a private monopoly for horse race betting, a limited number of privately owned charity lotteries, and a large number of private slot machines operators.
Pending legislation proposes an online market without a limit on the number of operators. Furthermore, state ownership will be phased out, and introduced legislation to privatizing and expanding the number of casinos. The current …
Apple V. Pepper: Rationalizing Antitrust’S Indirect Purchaser Rule, 2019 University of Pennsylvania Carey Law School
Apple V. Pepper: Rationalizing Antitrust’S Indirect Purchaser Rule, Herbert J. Hovenkamp
All Faculty Scholarship
In Apple v. Pepper the Supreme Court held that consumers who allegedly paid too much for apps sold on Apple’s iStore could sue Apple for antitrust damages because they were “direct purchasers.” The decision reflects some bizarre complexities that have resulted from the Supreme Court’s 1977 decision in Illinois Brick, which held that only direct purchasers could sue for overcharge injuries under the federal antitrust laws. The indirect purchaser rule was problematic from the beginning. First, it was plainly inconsistent with the antitrust damages statute, which gives an action to “any person who shall be injured in his business …
Box Office Showdown: How Does Movie Market Saturation Affect First Weekend Box Office Revenues?, 2019 Macalester College
Box Office Showdown: How Does Movie Market Saturation Affect First Weekend Box Office Revenues?, Matthew Steele
Economics Honors Projects
The scheduling of release dates for feature films is among the most important decisions that movie studios make in the life cycle of a movie. While the economic literature on the movie industry has largely focused on modeling the box office success of a movie based on its own characteristics—star power, critical reception, and trailer data—there is a dearth of literature concerning the way that competition from within the industry affects box office revenues. This article primarily uses a propensity score matching model to fill a gap in the literature, establishing causal relationships between different forms of competition and first …
Strategic Ignorance In Sequential Procurement, 2019 Texas A & M University - College Station
Strategic Ignorance In Sequential Procurement, Silvana Krasteva, Huseyin Yildirim
Huseyin Yildirim
The Warren Campaign’S Antitrust Proposals, 2019 University of Pennsylvania Carey Law School
The Warren Campaign’S Antitrust Proposals, Herbert J. Hovenkamp
All Faculty Scholarship
Antitrust policy promises to be an important issue in the 2020 presidential election, and for good reason. Market power measured by price-cost margins has been on the rise since the 1980s. Presidential candidate Senator Elizabeth Warren has two proposals directed at large tech platforms. One would designate large platform markets such as Amazon “platform utilities,” and prohibit them from selling their own merchandise on the platform in competition with other retailers. The other proposes more aggressive enforcement against large platform acquisitions of smaller companies.
This paper concludes that the first proposal is anticompetitive, leading to reduced output and higher prices …
Pro-Social Consumer And Firm Behavior In Imperfectly Competitive Regional Agricultural Markets, 2019 University of Massachusetts Amherst
Pro-Social Consumer And Firm Behavior In Imperfectly Competitive Regional Agricultural Markets, Jill Fitzsimmons
Doctoral Dissertations
In this dissertation, I combine field research, econometric methods, and economic theory to analyze a market in which both firms’ and consumers’ choices are motivated by social preferences. This work contributes to the fields of behavioral economics, industrial organization, and local food systems economics. The dissertation expands the growing literature on social preferences to incorporate firms’ choices that are motivated by utility maximizing objectives in an environment that allows endogenous equilibrium prices and quantities. Firms with social preferences operate in a competitive environment in which they may face downstream market power. In particular, the research focuses on intermediated Farm to …
Does Foreign Direct Investment Lead To Industrial Agglomeration?, 2019 Singapore Management University
Does Foreign Direct Investment Lead To Industrial Agglomeration?, Wen-Tai Hsu, Yi Lu, Xuan Luo, Lianming Zhu
Research Collection School Of Economics
This paper studies the effect of foreign direct investment (FDI) on industrial agglomeration.Using the differential effects of FDI deregulation in 2002 in China on different industries, we find that FDI actually affects industrial agglomeration negatively. This result is somewhat counter-intuitive, as the conventional wisdom tends to suggest that FDI attracts domestic firms to cluster for various agglomeration benefits, in particular technology spillovers. To reconcile our empirical findings and the conventional wisdom, we develop a theory of FDI and agglomeration based on two counter-veiling forces. Technology diffusion from FDI attracts domestic firms to cluster, but fiercer competition drives firms away. Which …
Three Essays In Industrial Organization, 2019 Southern Methodist University
Three Essays In Industrial Organization, Yiyi Hu
Economics Theses and Dissertations
This dissertation includes two papers about issues in two-sided markets and one paper discussing hierarchical Stackelberg model.
Chapter 1 analyzes endogenous horizontal product differentiation in a two-sided market with two platforms based on a two-stage Hotelling model. When the two sides are both single-homing, the platforms will choose maximal product differentiation in the equilibrium. However, when one side is multi-homing, and the multi-homing side views the platforms indifferent, the platforms choose minimal product differentiation in the equilibrium.
Chapter 2 investigates horizontal mergers in a two-sided market between three horizontally differentiated platforms. This chapter provides a theoretical analysis of impacts on …
Price Discrimination On Complementary Goods: Evidence From The Men's Shaving Razor Market, 2019 University of Kentucky
Price Discrimination On Complementary Goods: Evidence From The Men's Shaving Razor Market, Zheng Yang
Theses and Dissertations--Economics
This dissertation analyzes the men's razor market to examine whether a monopolist can implement price discrimination for the complementary goods. I estimate a demand system for razors using the random coefficient logit model with market level sales data from the Nielsen Store Scanner dataset and individual demographic data from the March CPS. The estimated parameters are used to construct price-cost markups. By comparing the markups of different products, I find evidence that Gillette uses a two-part tariff strategy. This conclusion can be generalized as that of a monopolist setting the prices of tie-in products consistent with a two-part tariff.
Intellectual Property And The Economics Of Product Differentiation, 2019 University of Pennsylvania Carey Law School
Intellectual Property And The Economics Of Product Differentiation, Christopher S. Yoo
All Faculty Scholarship
The literature applying the economics of product differentiation to intellectual property has been called the most important development in the economic analysis of IP in years. Relaxing the assumption that products are homogeneous yields new insights by explaining persistent features of IP markets that the traditional approaches cannot, challenging the extent to which IP allows rightsholders to earn monopoly profits, allowing for sources of welfare outside of price-quantity space, which in turn opens up new dimensions along which intellectual property can compete. It also allows for equilibria with different welfare characteristics, making the tendency towards systematic underproduction more contingent and …