Previous studies of the cable television industry have focused on the effects of deregulation and competition on cable service prices. These studies use either the "most popular" tier or the "lowest-priced" tier when comparing prices of different cable systems. However, these tiers often represent a different type of cable service so that previous empirical results based on the assumption that ...

Market power refers to the ability of sellers or buyers to exert a perceptible control over market outcomes that enables them to attain higher individual welfare levels than they would achieve under competitive market conditions. In traditional microeconomic analysis, market power is deened in terms of price and quantity decisions. Market power is said to exist when sellers or buyers have power...

Recent theoretical work has shown firms have market power when hiring workers that is independent of the labor market. However, current techniques for measuring market power are unable to separate the firm determinants of market power from the market determinants. This paper proposes a new method for measuring monopsony that yields a firm-specific measurement, which I apply to the Indonesian ma...

We investigate the competitive effects of the merger between Delta Air Lines and Northwest Airlines (2009) in the domestic U.S. airline industry. Applying fixed effects regression models we find that the transaction led to short term price increases of about 11 percent on overlapping routes and about 10 percent on routes which experienced a merger-induced switch of the operating carrier. Over a...

This thesis consists of five self-contained papers on factor demand and market power. The main objective of Paper [I] is to analyze potential effects on the Swedish forest sector of a continuing rise in the use of forest resources as a fuel in energy generation. The background to the problem can be found in the commitments Sweden has made concerning energy policy. Two such commitments are the p...

Electricity storage is likely to be an important factor in balancing fluctuations renewable generators' output, but concentrated ownership could lead market power. We model this for short-term (daily) the British electricity wholesale market, with generating companies acting as either price-takers or Cournot competitors. discuss how competitive charging and discharging behaviour depends on bala...