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Mergers, Foreign Competition, and Jobs: Evidence from the U.S. Appliance Industry

Whirlpool's acquisition of Maytag reduced consumer welfare by $271 million a year while preserving 797 domestic jobs. Each preserved job must be valued at more than $344,000 per year for the employment benefits to offset the consumer harm.

When Does Mandatory Price Disclosure Lower Prices? Evidence from the German Fuel Market

Mandatory price disclosure lowered fuel prices in Germany; the effect was larger when consumers were less informed, sellers were more numerous, and the policy was paired with a complementary information campaign.