Issue 3

September 2007
Articles: 

PIRACY ON THE SILVER SCREEN

Using survey data on movie consumption by about 500 University of Pennsylvania undergraduate students, we ask whether unpaid consumption of movies displaces paid consumption.

DOES ELECTRICITY RESTRUCTURING WORK? EVIDENCE FROM THE U.S. NUCLEAR ENERGY INDUSTRY

This paper examines whether electricity restructuring improves the efficiency of U.S. nuclear power generation.

THE ECONOMIC EFFECTS OF THE MARATHON-ASHLAND JOINT VENTURE: THE IMPORTANCE OF INDUSTRY SUPPLY SHOCKS AND VERTICAL MARKET STRUCTURE

This study measures the effects of the Marathon/Ashland Petroleum (MAP) joint venture on rack and retail reformulated (RFG) gasoline prices in the four cities where both firms sold RFG before the join

COLLUSION AND FIGHTS IN AN EXPERIMENT WITH PRICE-SETTING FIRMS AND ADVANCE PRODUCTION

We present results from 50-round duopoly and triopoly experiments. Firms decide repeatedly both on price and quantity of a perishable good. Each firm has capacity to serve the whole market.

COLLUSION IN THE PRESENCE OF EXTERNALITIES

I examine collusive bidder behavior in auctions with negative externalities and show that the optimal bidding scheme exhibits only partial rigidity.

OPEN VERSUS CLOSED FIRMS AND THE DYNAMICS OF INDUSTRY EVOLUTION

We develop a model of industry evolution in which firms choose proprietary standards (closed firm) or adopt a common standard (open firm).

ROBUSTNESS OF PRODUCTIVITY ESTIMATES

Researchers interested in estimating productivity can choose from an array of methodologies, each with its strengths and weaknesses.