Severin Borenstein, Severin Borenstein, James Bushnell, James Bushnell, Frank Wolak, Frank Wolak, ...
We present a method for decomposing wholesale electricity payments into production costs, inframarginal competitive rents, and payments resulting from the exercise of market power. The method also...
Building and Delivering the Virtual World: Commercializing Services for Internet Access (2000)
David Genesove, Shane Greenstein, Shane Greenstein
provided outstanding research assistance. The results and discussion in this paper subsumes all discussion found in an earlier working paper entitled "Providing A ccess to More than Access:...
University Microfilms order no. 9207631.
Thesis (Ph. D.)--Princeton University, 1991.
Adverse Selection in the Wholesale Used Car Market.
This paper presents an empirical investigation of adverse selection in the wholesale used car market. New car dealers (who sell both new and used cars) differ from used car dealers (who sell only...
Intellectual Property and Standardization Committee Participation in the US Modem Industry
Gandal, Neil, Gantman, Nataly, Genesove, David
The authors take a preliminary look at the interaction between patenting and standardization committee participation in the US modem industry. Both involve a much wider set of firms than the...
Predation and Its Rate of Return: The Sugar Industry, 1887Ð1914
David Genesove, Wallace Mullin
We show that the price wars following two major entry episodes were predatory. Our proof is twofold: by direct comparison of price to marginal cost, and by construction of a lower bound to predicted...
The Dye Famine and its Aftermath: Knowledge Diffusion and Entry
A firm that introduces a new good enjoys monopoly profits for some initial period of time. What happens subsequently depends upon the relative strength of knowledge diffusion and increasing...
Testing for Price Anomalies in Real Estate Auctions
Orley Ashenfelter, David Genesove
This paper reports on the results of an auction sale of 83 condominium apartment units in New Jersey. At the auction every unit was hammered down, but, unknown to the 2,348 registered bidders, 40% of...
Equity and Time to Sale in the Real Estate Market.
Genesove, David, Mayer, Christopher J
Evidence from the Boston condominium market of the early 1990s reveals that an owner's equity position determines his experience as a seller. An owner of a property with a high loan-to-value ratio...
Rules, Communication, and Collusion: Narrative Evidence from the Sugar Institute Case
David Genesove, Wallace P. Mullin
Detailed notes on weekly meetings of the sugar-refining cartel show how communication helps firms collude, and so highlight the deficiencies in the current formal theory of collusion. The Sugar...
Equity and time to sale in the real estate market
David Genesove, Christopher J. Mayer
Estimates from the Boston condominium market show that owners with high loan-to-value ratios take longer to sell their properties than owners with low loan-to-value ratios. When sold, properties with...
Testing Static Oligopoly Models: Conduct and Cost in the Sugar Industry, 1890-1914
David Genesove, Wallace P. Mullin
We explore the widespread methodology of using demand information to infer market conduct and unobserved cost components under the hypothesis of static oligopoly behavior. Direct measures of marginal...
Rules, Communication and Collusion: Narrative Evidence from the Sugar Institute Case
Genesove, David, Mullin, Wallace P
Detailed notes on weekly meetings of the sugar-refining cartel show how communication helps firms collude, and so highlight the deficiencies in the current formal theory of collusion. The Sugar...
Loss Aversion and Seller Behaviour: Evidence from the Housing Market
Genesove, David, Mayer, Christopher
Data from downtown Boston in the 1990s show that loss aversion determines seller behaviour in the housing market. Condominium owners subject to nominal losses: (1) set higher asking prices of 25-35%...
Loss Aversion And Seller Behavior: Evidence From The Housing Market
David Genesove, Christopher Mayer
Data from downtown Boston in the 1990s show that loss aversion determines seller behavior in the housing market. Condominium owners subject to nominal losses 1) set higher asking prices of 25-35...
Search at Wholesale Auto Auctions.
Wholesale trade in used cars is conducted by ascending bid auctions, with sale subject to the seller's acceptance of the winning bid. One out of three times the seller rejects the bid and no trade...
The Nominal Rigidity of Apartment Rents
This paper contributes to the empirical literature on price stickiness by documenting a high rate of nominal rigidity among housing rents in the United States between 1974 and 1981. Of the units...
Equity and Time to Sale in the Real Estate Market
David Genesove, Christopher J. Mayer
Recent research has proposed a pro-cyclical link between sales volume and prices in the real estate market through changes in the equity of existing homeowners. This article uses data from the Boston...
Validating the Conjectural Variation Method: The Sugar Industry, 1890- 1914
David Genesove, Wallace P. Mullin
The Conjectural Variations (CV) methodology uses the responsiveness of price to cost determinants under differing demand conditions to infer market power and cost. It thus substitutes demand...
The Sugar Institute Learns to Organize Information Exchange
David Genesove, Wallace P. Mullin
This paper describes information exchange under the Sugar Institute, the trade association of U.S. domestic sugar cane refiners, between 1928 and 1936. The Institute collected production and delivery...
Predation and Its Rate of Return: The Sugar Industry, 1887-1914
David Genesove, Wallace P. Mullin
We study entry into the American sugar refining industry before World War I. We show that the price wars following two major entry episodes were predatory. Our proof is twofold: by direct comparison...
The Adoption of Offset Presses in the Daily Newspaper Industry in the United States
This paper shows that the move to offset printing from letterpress in the U.S. daily newspaper publishing industry was determined, in part, by the structure of the local market. Although in monopoly...
The Nominal Rigidity of Apartment Rents
This paper contributes to the empirical literature on price stickiness by documenting a high rate of nominal rigidity among apartment rents in the U.S. between 1974-1981. 29 percent of units had no...
Loss Aversion and Seller Behavior: Evidence from the Housing Market
David Genesove, Christopher Mayer
Data from downtown Boston in the 1990s show that loss aversion determines seller behavior in the housing market. Condominium owners subject to nominal losses 1) set higher asking prices of 25-35...
Rules, Communication and Collusion: Narrative Evidence from the Sugar Institute Case
David Genesove, Wallace P. Mullin
Detailed notes on weekly meetings of the sugar refining cartel show how communication helps firms collude, and so highlight the deficiencies in the current formal theory of collusion. The Sugar...
Loss Aversion and Seller Behavior: Evidence from the Housing Market
David Genesove, Christopher Mayer
We show that loss aversion is an important feature in explaining sellers’ behavior in the housing market. Data from the 1990-97 boom-bust cycle in downtown Boston show that condominium owners...
Seasonality and the Effect of Advertising on Price
This paper lays out an econometric strategy for estimating the effect of advertising on prices, by exploiting seasonal demand and imperfect targeting. We present two simple models of duopoly where...