Browsing by Subject "L13"

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    • (Mis)Allocation, Market Power, and Global Oil Extraction 

      Asker, J; Collard-Wexler, A; De Loecker, J (American Economic Review, 2019-04-01)
      © 2019 American Economic Association. All Rights Reserved. We propose an approach to measuring the misallocation of production in a market that compares actual industry cost curves to undistorted (counterfactual) supply ...

    • “Nash-in-Nash” Bargaining: A Microfoundation for Applied Work 

      Collard-Wexler, A; Gowrisankaran, G; Lee, RS (2019-02-01)
      © 2019 by The University of Chicago. All rights reserved. A “Nash equilibrium in Nash bargains” has become a workhorse bargaining model in applied analyses of bilateral oligopoly. This paper proposes a noncooperative foundation ...