Recent research indicates that labor market power has contributed to wage inequality and
economic stagnation. Although the antitrust laws prohibit firms from restricting competition in …

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 …

We measure the pass-through of emissions costs to electricity prices. We perform both
reduced-form and structural estimations based on optimal bidding in this market. Using rich …

Study of the impact of mergers and acquisitions (M&As) on productivity and market power
has been complicated by the difficulty of separating these two effects. We use newly …

Policies to correct market power and selection can be misguided when these forces coexist.
We build a model of symmetric imperfect competition in selection markets that parameterizes …

This chapter examines recent developments in economic research relating to antitrust,
paying specific attention to research in the areas of collusion and merger enforcement …

A trenchant account of an unacknowledged driver of inequality and wage stagnation in
America: the failure of antitrust law to prevent the consolidation of employers, who use their …

We measure how pass-through varies with competition in isolated oligopolistic markets with
captive consumers. Using daily pricing data from gas stations on small Greek islands, we …

We estimate pass‐through with 30 years of data from the portland cement industry. Robust
econometric evidence supports that fuel cost changes are more than fully transmitted …

Demand estimates are essential for addressing a wide range of positive and normative
questions in economics that are known to depend on the shape—and notably the curvature …