Zobrazeno 1 - 10
of 37
pro vyhledávání: '"Nathan H. Miller"'
Publikováno v:
AEA Papers and Proceedings. 113:279-283
The rise in markups and market power documented by De Loecker, Eeckhout, and Unger (2020) has recently generated much discussion in economics. We measure the correlation between the change in firm level markups and the change in industry level prices
Publikováno v:
American Economic Review. 111:3123-3159
We study a repeated game of price leadership in which a firm proposes supermarkups over Bertrand prices to a coalition of rivals. Supermarkups and marginal costs are recoverable from data on prices and quantities using the model’s structure. In an
Publikováno v:
The RAND Journal of Economics. 52:78-99
Autor:
Gloria Sheu, Nathan H. Miller
Publikováno v:
Review of Industrial Organization. 58:143-177
We describe the quantitative modeling techniques that are used in horizontal merger review for the evaluation of unilateral effects, and discuss how the 2010 Horizontal Merger Guidelines helped legitimize these methods and motivate scholarly research
Autor:
Joseph Podwol, Nathan H. Miller
Publikováno v:
The Journal of Industrial Economics. 68:364-407
We examine how forward contracts affect economic outcomes under generalized market structures. In the model, forward contracts discipline the exercise of market power by making profit less sensitive to changes in output. This impact is greatest in ma
Publikováno v:
SSRN Electronic Journal.
We characterize the evolution of markups for consumer products in the United States from 2006 to 2019. We use detailed data on prices and quantities for products in more than 100 distinct product categories to estimate demand systems with flexible co
Publikováno v:
International Journal of Industrial Organization. 52:216-247
We use Monte Carlo experiments 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
Publikováno v:
The RAND Journal of Economics. 48:69-93
We estimate pass-through with thirty years of data from a concentrated industry. The empirical model accounts for oligopoly interactions, yet facilitates estimation with aggregate price data. Robust statistical evidence supports that industry-wide co
Autor:
Nathan H. Miller, Matthew Weinberg
Publikováno v:
Econometrica. 85:1763-1791
We document abrupt increases in retail beer prices just after the consummation of the MillerCoors joint venture, both for MillerCoors and its major competitor, Anheuser‐Busch. Within the context of a differentiated‐products pricing model, we test
Publikováno v:
The Journal of Industrial Economics. 64:683-709
We use Monte Carlo experiments to study how pass‐through can improve merger price predictions, focusing on the first order approximation (FOA) proposed in Jaffe and Weyl [[Jaffe, S., 2013]]. FOA addresses the functional form misspecification that c