Results

CEP discussion paper

Cultural exception? The impact of price regulation on prices and variety in the market for books

Fixed book price (FBP) agreements are a form of resale price maintenance applied to books in various countries. FBP restricts retail price competition with the aim of promoting book production variety. Yet, despite its p...Read more...

CEP discussion paper

Evaluating merger effects

This paper proposes a new algorithm with which to identify the potential effect of mergers by comparing the outcomes of interest in areas of overlap for the merging parties vis-a-vis areas of no overlap within a differen...Read more...

Journal article

The Journal of Industrial Economics:

The impact of maximum markup regulation on prices

Markup regulation is a common, yet understudied type of regulation. We analyze the repeal of maximum wholesale and retail markup regulation in an oligopolistic and vertically nonintegrated market. By comparing the prices...Read more...

CentrePiece article

Regulatory reform in Greece: the benefits of removing maximum mark-ups

Regulations that impose maximum mark-ups are intended to protect consumers from firms exercising market power. But a study by Christos Genakos and colleagues suggests that they can have the opposite effect: when Greece l...Read more...

CEP discussion paper

Integrated estimates of capital stocks and services for the United Kingdom: 1950-2013

This paper presents annual estimates of fixed capital stocks and capital services for the United Kingdom, 1950-2013, for the whole economy and for the market sector. Our estimates cover eight asset types (structures, mac...Read more...

CEP discussion paper

The impact of maximum markup regulation on prices

Markup regulation is a common yet understudied type of regulation. We analyze the repeal of maximum wholesale and retail markup regulation in an oligopolistic and vertically non-integrated market. By comparing the prices...Read more...

CEP discussion paper

Rates of Return and Alternative Measures of Capital Input: 14 Countries and 10 Branches, 1971-2005

We employ the EU KLEMS database to estimate the real rate of return to capital in 14 countries (11 in the EU, three outside the EU) in 10 branches of the market economy plus the market economy as a whole. Our measure of ...Read more...

CEP discussion paper

Ex Post Versus Ex Ante Measures of the User Cost of Capital

When doing growth accounting, should we use ex post or ex ante measures of user costs to calculate the contribution of capital? The answer, based on a simple model of temporary equilibrium, is that ex post is better in t...Read more...