Economists have shown that large and persistent differences in productivity levels across
businesses are ubiquitous. This finding has shaped research agendas in a number of fields …

In the last 35 years, research at the intersection of corporate finance, industrial organization,
and organizational economics has grown substantially. This paper reviews work that …

This Feature summarizes why and how vertical merger enforcement should be invigorated.
In our modern market system, vigorous vertical merger enforcement is a necessity. Strong …

We use broad-based yet detailed data from the economy's goods-producing sectors to
investigate firms' ownership of production chains. It does not appear that vertical ownership …

Abstract Since Ronald H. Coase's (1937) seminal paper, a rich set of theories has been
developed that deal with firm boundaries in vertical or input–output structures. In the last …

Study of the impact of mergers and acquisitions (M&As) on productivity and market power
has been complicated by the difficulty of separating these two effects. We use newly …

This chapter overviews productivity research from an industrial organization perspective. We
focus on what is known and what still needs to be learned about the productivity levels and …

The conventional wisdom for the health care sector is that idiosyncratic features leave little
scope for market forces to allocate consumers to higher performance producers. However …

We investigate the welfare effects of vertical integration of regional sports networks (RSNs)
with programming distributors in US multichannel television markets. Vertical integration can …

This paper studies an empirical model of spatial competition applied to gasoline markets.
The main feature is to specify commuting paths as the “locations''of consumers in a Hotelling …