Finding•Nov 08, 2022
Investment and Subjective Uncertainty
Steven J. Davis, Nicholas Bloom, Lucia Foster, Scott Ohlmacher, Itay Saporta-Eksten
Investment is strongly and robustly negatively associated with higher uncertainty; uncertainty is also negatively related to employment growth and overall shipments (sales) growth; and flexible inputs like rental capital and temporary workers show a positive relationship to uncertainty.
Topics: Industrial Organization
Finding•May 11, 2022
A New Era of Midnight Mergers: Antitrust Risk and Investor Disclosures
John M. Barrios, Thomas Wollmann
Firms completed over $2.3 trillion of undisclosed mergers between 2002 and 2016, representing 30% of all merger activity.
Topics: Financial Markets, Industrial Organization
Insights / Research Brief•May 10, 2022
Does Entry Remedy Collusion? Evidence From the Generic Prescription Drug Cartel
In April 2013, Teva Pharmaceuticals, a large generic drug manufacturer, hired a marketing executive with strong connections throughout the industry with the goal of exploring opportunities to increase profits. Or, in that marketing executive’s own words, to enact “price increase implementation.”
Topics: Health care, Industrial Organization