EARIE – CEPR Virtual Seminar
EARIE & CEPR join forces to organise one of the seminars of CEPR's VIOS series. The joint workshop will be held on Wednesday, April 24 at 15:00 CEST and will be given by Nikhil Agarwal (MIT) about Combining Human Expertise with Artificial Intelligence: Experimental Evidence [...]
IJIO Research Summary – Labor Market Power and Between-Firm Wage (In)Equality
The past years have witnessed a growing interest in studying firm market power in labor markets. Two critical questions are: Which firms exercise labor market power and how does firms’ labor market power shape firms’ wage differences? Addressing these questions is vital in the context [...]
IJIO Research Summary – Umbrella Pricing and Cartel Size
Making cartels pay for umbrella damages may be desirable, but not for the reasons you think... A right to compensation for umbrella effects of cartel formation, or harm resulting from non-members' economic reactions, was established by the EU Court of Justice ten years ago (Case [...]
IJIO Research Summary – How resale price maintenance and loss leading affect upstream cartel stability: Anatomy of a coffee cartel
Many recent cartels in the EU and the UK (e.g., coffee, sweets, pet food, beer, beauty and personal hygiene, and baby products) involve producer cartels colluding on wholesale prices AND including retailers in the cartel, e.g., by imposing minimum retail prices. This feature is not [...]
IJIO Research Summary – Behavior-Based Personalized Pricing: When Firms Can Share Customer Information
Advances in digital computing technologies have allowed firms access to a vast amount of consumer data at the granular level. Consumer data analyzed by powerful machine-learning tools can be a source of competitive advantage. One important way firms gather consumer data is through customers’ purchase [...]
IJIO Research Summary – Market Dynamics and Investment in the Electricity Sector
Renewable electricity generation in the U.S. continues to grow, stimulated by favorable public policies and falling costs for renewables. However, the transition to a low-carbon electricity grid will not happen overnight. We are in the midst of a multi-decade transition toward a cleaner grid. During [...]