About
- Douglass and Marion Campbell Professor of Economics and Professor of Computer Science
- Co-Editor of American Economic Review: Insights
- Co-Editor of Econometrica (2014—2018)
Voting History
Question A: The FTC is opposed to Kroger’s proposed acquisition of Albertsons. Critics argue that with sufficient divestitures, the deal would be consistent with past FTC policies.
Kroger’s proposed acquisition of Albertsons would lead to substantially higher grocery prices and/or lower product quality/services for customers of the two companies in locations where both are present.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
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Comment: The grocery market is a very competitive business, but with consolidation competition vanishes.
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Question B: Kroger’s proposed acquisition of Albertsons would have a substantially negative effect on workers at the two companies in locations where both are present.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
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Comment: with less competition for workers, and fewer stores, there are fewer jobs.
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Question A: Allowing Medicare to negotiate prices with pharmaceutical companies will lead to a substantial reduction in the costs of prescription drugs for US retirees.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
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Comment: By buying in larger quantities, qunaitty discounts can be negotiated.
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Question B: Allowing imports of medicines from Canada will lead to a substantial reduction in the costs of prescription drugs for US consumers without compromising safety.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
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Comment: Opening several supply lines into a single market is a time-tested way to increase competition and lower prices. It reduces the ability of third-degree pirce discrimination.
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Question A: A tolling program for New York City is out for public consultation with proposed charges on vehicles entering the central business district of Manhattan summarized here: https://new.mta.info/document/129191
The proposed tolls on vehicles entering the central business district of Manhattan are likely to lead to a substantial reduction in traffic congestion in the targeted area.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
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Question B: The proposed tolls on vehicles entering Manhattan are likely to lead to a substantial increase in traffic congestion just outside the central business district, above 60th Street, in the outer boroughs and New Jersey.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
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