Showing papers in "International Journal of Industrial Organization in 2017"

TL;DR: The authors examined whether social networks facilitate online markets using data from a leading peer-to-peer lending website and found that borrowers with social ties are consistently more likely to have their loans funded and receive lower interest rates; however, most borrowers with socially connected borrowers are more likely than others to pay late or default.

TL;DR: In this article, the authors make use of the growth streaming during the years 2013-2015 to measure their collective impact on unpaid consumption and on the sales of recorded music, and they find that streaming displaces music piracy and that the losses from displaced sales are roughly outweighed by the gains in streaming revenue.

TL;DR: In this paper, the authors estimate a differentiated products demand model to ask three questions regarding the introduction of e-commerce: whether the online distribution channel has increased total sales, or only diverted sales from traditional channels.

TL;DR: In this paper, the authors investigate the complementarities between public/non-profit and private sector sources of research funding with regard to academic output in terms of publications, research impact and research orientation.

TL;DR: In this article, the authors investigated whether budget-constrained public authorities adopt PPPs in order to hide public debts and found that financial conditions often lead to a preference for PPP instead of traditional forms of public procure- ment.

TL;DR: The authors developed a model of redesign decisions in a dynamic oligopoly model and used it to analyze redesign activity in the U.S. automobile market, finding that automobile model redesigns are frequent despite an estimated average cost around $1 billion.

TL;DR: In this paper, the authors evaluate the heterogeneous effects of online copyright enforcement and show that only movies that premiere in a relatively large number of theaters benefitted from the shutdown of Megaupload.

TL;DR: In this paper, the authors empirically estimated the magnitude of economies of vertical integration between electricity generation and transmission based on a quadratic cost function and found that substantial EVI of 14% for the median sized integrated utility.

TL;DR: In this paper, the authors analyzed industry-oriented research joint ventures supported by the Fifth European Framework Programme between 1998 and 2002 and found that participation in research projects may raise labor productivity by at least 44.4 percent while it has very limited effect on profit margin.

TL;DR: In this article, Monte Carlo experiments were used to evaluate whether upward pricing pressure (UPP) accurately predicts the price effects of mergers, motivated by the observation that UPP is a restricted form of the first order approximation derived in Jaffe and Weyl (2013).

TL;DR: In this paper, a vertically integrated input monopolist supplying to a differentiated downstream rival is considered, and the authors analyze vertical delegation as one mechanism for inducing expansion or contraction by the rival/customer.

TL;DR: In this paper, the authors investigated the incentives and effects of rival firms sharing their customers' identities, using a two-period model with behavior-based price discrimination (BBPD), and a unilateral information exchange between the two periods takes place in a subgame-perfect equilibrium.

TL;DR: In this paper, the authors developed a unified framework to analyze a continuum of hybrid cooperation agreements along two dimensions: their degree of revenue sharing (scope of alliances) and their scope of joint ventures, focusing on the air transportation industry, distinguishing between interline and interhub markets.

TL;DR: The authors empirically characterizes competitive behavior among charitable nonprofits where prices and output are difficult to observe, using a model tailored to donative nonprofits and an empirical methodology that exploits cross-sectional variation in market size and various measurable demographic and cost characteristics applicable for nonprofits.

TL;DR: In this article, the effects of buyer power on entry into an atomistic upstream market and economic welfare were investigated, and it was shown that industries with few buyers induce more upstream entry than industries with a larger number of firms, and that monopsony can be more conducive to entry and lead to higher social welfare than more fragmented industry structures.

TL;DR: In this article, the authors provide a general treatment of the implications for welfare of various sources of legal uncertainty facing agents about the decisions made by a regulatory authority and distinguish the legal uncertainty from the decision errors made by the authority.

TL;DR: In this article, the authors show that when consumers value sustainable products and firms choose investments in sustainability before choosing output or prices, coordination of output choices or prices boosts investments in sustainable and may even enhance consumer surplus when products are sufficiently close substitutes.

TL;DR: In this paper, the authors analyze the incentives of internet service providers (ISPs) to break net neutrality by excluding competing one-way essential complements, i.e. internet applications competing with their own products.

TL;DR: This article conducted a comprehensive investigation of the effect on fares and output of these legacy airline mergers to determine whether the mergers have had an overall procompetitive or anti-competitive effect on consumers.

TL;DR: In this paper, the authors study firms' choices between online and physical markets with respect to product quality and competition, and examine consequences of transparency policies on price competition and market structure, and show that an entrant firm with product quality lower than that of the offline incumbent may choose the physical market, whereas the entrant with a quality higher than the incumbent's may sell online.

TL;DR: In this article, the authors study how vertical integration in a media market affects investments in premium content and show that a content provider provides the premium content exclusively to a platform, regardless of the vertical structure of the industry.

TL;DR: In this paper, the authors survey the literature on merger policy in open economies and adopt a reduced-form approach to derive general insights on the scope for conflict between national antitrust authorities and on the gains from international merger policy coordination.

TL;DR: This paper examined the economic consequences of a horizontal merger between Japanese airlines that took place in 2002, with particular emphasis on quality responses to the airline merger, and found that welfare effects of the merger are positive, but vary by market structure.

TL;DR: In this paper, the optimal number of prizes a contest organizer should give to incentivize contestants to exert productive effort in an all-pay auction with incomplete information is studied. But, the authors focus on the problem of maximizing expected total effort or expected highest effort from agents.

TL;DR: In this paper, the authors incorporate revelation of asymmetric information through shared ownership (partnership) into the Property Right Theory of the firms and show that shared ownership is optimal as a joint result of mitigating hold-up and inducing truthful information revelation.

TL;DR: In this article, the authors generalize the model of Burdett and Judd (1983) to the case where an arbitrary finite number of firms sell a homogeneous good to buyers who have heterogeneous search costs.

TL;DR: In this article, the authors studied the antitrust implications of open communication in vertical markets and proposed a simple structural model of Nash-in-Nash bargaining, which fits the pattern of shifting surpluses well using third-party coders, unsupervised text mining, among other approaches.

TL;DR: In this article, the authors analyzed the relationship between teamwork and the firm organizational design, with a particular emphasis on the decentralization of decision rights, and found that overall delegation of decision making is positively associated with teamwork.

TL;DR: In this paper, the authors study cartel stability and the impact of cartels on the regulated price in an industry that is subject to uniform yardstick regulation, and they find that an increase in the number of symmetric firms may facilitate collusion.