Advertising restrictions and concentration: the case of malt beverages
Article Abstract:
A study on state advertising restriction and state-level market concentration relationships in the malt beverage industry is presented. Market concentration at the state level was found to increase in states where price advertising is outlawed. Results also show that no significant changes were detected in state-level concentration measures where non-price advertising is prohibited. Large brewing companies were also found to have a distinct advantage over their smaller counterparts in states where price advertising is banned.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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Rationality of preliminary money stock estimates
Article Abstract:
The rationality of the Federal Reserve's preliminary money stock estimates is investigated. Several monetary aggregates are analyzed and the results of previous studies on the subject are compared. The preliminary estimates of M1A, M1, M2 and M3 were found to be rational when data is not seasonally adjusted. Results of Monte Carlo experiments also show that the Federal Reserve's seasonal adjustment method generates irrationality in seasonally adjusted data.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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Competition and allocation efficiency: the case of the U.S. telephone industry
Article Abstract:
A study attempts to establish a positive relationship between competition and the productive efficiency of telephone companies. The analysis considers the rate-of-return regulation imposed on the industry's companies, which are thereby referred to as incumbents. Results show that the competitive environment promotes the use of capital inputs by these incumbents. The competition has also improved the telephone companies' allocative efficiencies.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
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