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Insights / Research BriefMay 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
Insights / Research BriefAug 17, 2021

The Macroeconomics of the Greek Depression

Gabriel Chodorow-Reich, Loukas Karabarbounis, Rohan Kekre
The economic news in 2007 and 2008 from Greece was alarming and sent ripples across...
Topics:  Tax & Budget
Insights / Research BriefMay 04, 2021

Tax Planning Knowledge Diffusion via the Labor Market

US corporations go to great lengths to avoid paying taxes, and some of those avoidance schemes—like moving profits to offshore tax havens—regularly make headlines. However, there are many more subtle techniques to reduce a corporation’s tax bill, and those methods are often practiced by tax accountants with firm- or industry-specific skills. Employing these tax experts can have beneficial effects and provide competitive advantages for firms.
Topics:  Employment & Wages, Tax & Budget
Insights / Research BriefMar 04, 2020

Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan’s Early Industrialization

Most manufacturers, if they expect to grow and flourish, not only need to expand their existing product line but must also innovate and otherwise add to their product mix, whether that means adding entirely new items or improving the quality of existing goods. In other words, producing the same thing over and over, without any modifications or without branching out into other product lines, is not a typical recipe for long-term success.
Topics:  Industrial Organization
Insights / Video

Industrial Revolution in Services: Is Big Business Driving Economic Growth?

Topics:  Employment & Wages, Industrial Organization
Insights / Research BriefFeb 03, 2020

A Global View of Creative Destruction

Trade policy has recently been in the news, with the focus on the costs to firms from higher prices due to trade tariffs. However, the focus on the effect of tariffs on prices misses perhaps the most important benefit from international trade: the transmission of ideas.
Topics:  Industrial Organization, Technology & Innovation
Insights / Research BriefDec 16, 2019

Synergizing Ventures

In the early days of Microsoft, Bill Gates and Paul Allen did not need investors’...
Topics:  Employment & Wages, Industrial Organization, Technology & Innovation
Insights / Research BriefJun 17, 2019

The Industrial Revolution in Services

One key feature of the industrial revolution was the efficiencies gained from scale: If a company invested in the physical and human capital to produce 100 cars in one location, for example, then scaling up to 1,000 or 100,000, and so on, made sense. Production efficiencies meant it was cheaper to produce in one spot and ship worldwide.
Topics:  Industrial Organization