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The Upstream and Downstream Effects of Government Industrial Policy in the Rare Earth Elements Industry
By Charles Daniel The Chinese government has found considerable success in stimulating economic modernization through its industrial policy. The development of the rare earths industry, in both upstream and downstream markets, exemplifies this success. Rare earths are a group of metals whose natural properties make them critical for many pieces of modern technology. Upstream, Chinese […]
Competition and Innovation: Evidence from Third-Party Reprocessing in the Medical Device Industry
By Varun Prasad Healthcare is projected to soon become the industry with the largest amount of spending on research and development in the world. While competition has the potential to catalyze the development of new healthcare technologies and drive down costs, increases in competition have also been thought to hinder innovation as a result […]
Pricing and Pack Size Brand, Quantity, and Cost Considerations in Pricing Multipacks of Toothpaste
By Stephanie Wiehe The US market for toothpaste, like many other goods, is shifting towards selling in bulk. Multipacks of toothpaste require quantity discounts to incentivize consumers, making buying in bulk a great deal for the savings-minded toothpaste-shopper. It is more difficult to understand, however, producers’ willingness to sell multipacks of toothpaste, when margins are […]
Investigating a Case of Alleged Collusion in Michigan Public Oil and Gas Lease Auctions
By Lucas Do The state of Michigan administers oil and gas lease auctions semiannually through the Department of Natural Resources. In June 2012, the international news outlet Reuters published allegations of bid-rigging following the Department’s May 2010 auction. This paper empirically investigates the validity of Reuters’ allegations by analyzing auction bid sheets from 2008 to […]
