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When Delivery Meets Cash-and-Carry
Sysco is planning to buy Jetro Restaurant Depot. But this is not a normal horizontal merger. Sysco delivers food to restaurants, mainly. Restaurant D…
1 month ago
Can Data Reveal a Cartel? The Nasdaq Missing Eighths
How can economists find a cartel if there is no agreement? Nasdaq stocks were quoted in eighths of a dollar in the early 1990s. But economists discov…
1 month, 1 week ago
When Delivery Meets Cash-and-Carry: The Sysco–Jetro Antitrust Test
The proposed acquisition of Jetro Restaurant Depot by Sysco seems very different from the failed merger between Sysco and US Foods. Sysco mainly ship…
1 month, 1 week ago
Can Data Reveal a Cartel? | The Nasdaq Missing Eighths
In the early 1990s, Nasdaq stocks were quoted in eighths of a dollar. $20.00, $20.125, $20.25, $20.375, etc.
But economists William Christie and Paul …
1 month, 1 week ago
When AI Replaces the Research Team
To summarize, AI might soon grant a single researcher access to much of the capacity that used to belong to an entire academic team: theory, coding, …
1 month, 1 week ago
Why Price Fixing Is Easier to Describe Than to Prove
Picture two gas stations across the street from each other. One increases its price. The other one follows. And it happens over and over again. The p…
1 month, 2 weeks ago
What Happens When Every Economist Has a Research Factory?
What if every economist had an AI research factory? Academic research has often been a team effort, with complementary skills: theory, empirical work…
1 month, 2 weeks ago
Why Price Fixing Is Easier to Describe Than to Prove | Cartels Ep. 2
Two gas stations simultaneously raise their prices. And then they do it again. Their prices have not changed much. Their owners have been even talkin…
1 month, 2 weeks ago
Zillow–Redfin: Keep the Cooperation, Restore the Rivalry
The Zillow-Redfin case never went to court. Instead, the FTC, five states, Zillow, and Redfin agreed to a settlement that does something more interes…
1 month, 2 weeks ago
How Cartels Really Work, Episode 1: What Makes Something a Cartel?
Two gas stations competing with each other charge $4.50 each.
That alone does not tell us whether they formed a cartel.
They may incur the same costs…
1 month, 3 weeks ago