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Working Paper
Platform competition in two-sided markets: the case of payment networks
Chakravorti, Sujit; Roson, Roberto (2004)
In this article, we construct a model to study competing payment networks, where networks offer differentiated products in terms of benefits to consumers and merchants. We study market equilibria for a variety of market structures: duopolistic competition and cartel, symmetric and asymmetric networks, and alternative assumptions about multihoming and consumer preferences. We find that competition unambiguously increases consumer and merchant welfare. We extend this analysis to competition among payment networks providing different payment instruments and find similar results.
Working Paper Series , Paper WP-04-09

Working Paper
The Effect of Common Ownership on Profits : Evidence From the U.S. Banking Industry
Gramlich, Jacob P.; Grundl, Serafin J. (2018-10-03)
Theory predicts that "common ownership" (ownership of rivals by a common shareholder) can be anticompetitive because it reduces the weight firms place on their own profits and shifts weight toward rival firms held by common shareholders. In this paper we use accounting data from the banking industry to examine empirically whether shifts in the profit weights are associated with shifts in profits. We present the distribution of a wide range of estimates that vary the specification, sample restrictions, and assumptions used to calculate the profit weights. The distribution of estimates is ...
Finance and Economics Discussion Series , Paper 2018-069

Journal Article
Corporate export policies provide the competitive edge
Topol, Stanley (1986-01)
Economic Review , Issue Jan , Pages 24-26

Journal Article
Competing takes hard work
Brock, William A. (1986-01)
Economic Review , Issue Jan , Pages 6-10

Working Paper
Tax competition and tax harmonization with evasion
Gandelman, Nestor; Hernandez-Murillo, Ruben (2002)
We examine a two-jurisdiction tax competition environment where local governments can only imperfectly monitor where agents pay taxes and risk-averse individuals my choose to cross borders to pay lower taxes in a neighboring location. ; In the game between local authorities, when communities differ in size, in equilibrium the smaller community sets lower taxes and attracts agents from the larger jurisdiction. With identical communities, tax rates must be equal. Whenever the smaller community benefits from tax harmonization, the larger one will also. ; If the high-tax community chooses a ...
Working Papers , Paper 2002-015

Journal Article
NAFTA, trade diversion and Mexico's textiles and apparel boom and bust
Gruben, William C. (2006-09)
Southwest Economy , Issue Sep , Pages 11-13

Journal Article
Financial regulation and the competitiveness of the large U.S. corporation
Demsetz, Harold (1993-03)
Review , Issue Mar , Pages 61-67

Journal Article
Capital formation and competitiveness
Bernauer, Kenneth (1981)
FRBSF Economic Letter

Working Paper
Firms as clubs in Walrasian markets with private information : technical appendix
Townsend, Robert M.; Prescott, Edward Simpson (2005)
This paper proves the Welfare Theorems and the existence of a competitive equilibrium for the club economies with private information in Prescott and Townsend (2005). The proofs cover lottery economies with a finite number of goods and without free disposal. A mapping based on Negishi (1960) is used.
Working Paper , Paper 05-11

Discussion Paper
A model of duopoly and meeting or beating competition
Belton, Terrence M. (1986)
Research Papers in Banking and Financial Economics , Paper 87

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