Vivek Ghosal

Rensselaer Polytechnic Institute

Professor, Department Head, and Virginia and Lloyd W. Rittenhouse Chair

110 8th Street

Troy, NY 12180

United States

http://www.economics.rpi.edu/pl/people/ghosal

Center for Economic Studies and Ifo Institute for Economic Research (CESifo)

Research Fellow

Poschinger Str. 5

Munich

Germany

http://www.cesifo.de

  • Rensselaer Polytechnic Institute

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    • Tel: 518-276-3868
SCHOLARLY PAPERS

36

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5,629

SSRN CITATIONS

33

CROSSREF CITATIONS

18

Scholarly Papers (36)

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1.

The Differential Impact of Uncertainty on Investment in Small and Large Businesses

Number of pages: 24 Posted: 27 Jul 2000
Vivek Ghosal and Prakash Loungani
Rensselaer Polytechnic Institute and International Monetary Fund (IMF)
Downloads 450 (76,399)
Citation 8

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uncertainty, investment, irreversibility, sunk costs, financing constraints, small businesses

2.

The Cyclical Behavior of the Department of Justice's Antitrust Enforcement Activity

Downloads 396 ( 88,731)
Citation 4

The Cyclical Behavior of the Department of Justice's Antitrust Enforcement Activity

Number of pages: 28 Posted: 12 Jan 2001
Vivek Ghosal and Joseph Gallo
Rensselaer Polytechnic Institute and University of Cincinnati - McMicken College of Arts and Sciences - Department of Economics
Downloads 396 (87,968)
Citation 4

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Antitrust enforcement, economic activity, political stance, interest-group theories

The Cyclical Behavior of the Department of Justice's Antitrust Enforcement Activity

Posted: 12 Jan 2001
Vivek Ghosal and Joseph Gallo
Rensselaer Polytechnic Institute and University of Cincinnati - McMicken College of Arts and Sciences - Department of Economics

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Antitrust enforcement, economic activity, political stance, interest-group theories

3.

The Rise and (Potential) Fall of U.S. Cartel Enforcement

University of Illinois Law Review, Vol. 2020, No. 471, 2020, University of Florida Levin College of Law Research Paper No. 19-3
Number of pages: 38 Posted: 02 May 2018 Last Revised: 16 Apr 2020
Vivek Ghosal and D. Daniel Sokol
Rensselaer Polytechnic Institute and University of Florida Levin College of Law
Downloads 351 (101,910)
Citation 1

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Collusion, Price-Fixing, Cartels, Antitrust, Enforcement, Prosecution, Leniency, Fines, Incarceration, Politics, ACPERA, Antitrust Amendments Act

4.

The Evolution of U.S. Cartel Enforcement

Journal of Law and Economics, Forthcoming
Number of pages: 19 Posted: 23 Mar 2014
Vivek Ghosal and D. Daniel Sokol
Rensselaer Polytechnic Institute and University of Florida Levin College of Law
Downloads 345 (103,841)
Citation 1

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cartels, enforcement, prosecutions, antitrust, leniency, fines, jail terms

5.

Compliance, Detection, and Mergers and Acquisitions

Managerial and Decision Economics 34(7) 2013, Minnesota Legal Studies Research Paper No. 13-21
Number of pages: 47 Posted: 02 May 2013 Last Revised: 23 Sep 2015
Vivek Ghosal and D. Daniel Sokol
Rensselaer Polytechnic Institute and University of Florida Levin College of Law
Downloads 302 (120,174)
Citation 2

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corporate compliance, corporate strategy, Lemons markets, mergers and acquisitions, environmental regulations, securities regulations, accounting, antitrust, cartels, white collar crime

6.

The Impact of Uncertainty and Sunk Costs on Firm Survival and Industry Dynamics

Number of pages: 35 Posted: 19 Apr 2002
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 266 (137,274)
Citation 1

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Uncertainty, sunk costs, technological change, industry dynamics, firm size distribution, creative destruction, option value, financing constraints

7.

Business Strategy and Firm Reorganization: Role of Changing Environmental Standards, Sustainable Business Initiatives, and Global Market Conditions

Downloads 257 (142,074)
Citation 1

Business Strategy and Firm Reorganization: Role of Changing Environmental Standards, Sustainable Business Initiatives, and Global Market Conditions

Number of pages: 31 Posted: 09 Jun 2009 Last Revised: 07 Sep 2015
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 137 (250,062)

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environmental standards, cleaner production, organizational strategy, incremental innovation, productivity, competitive advantage

Business Strategy and Firm Reorganization under Changing Market Conditions

CESifo Working Paper Series No. 2673
Number of pages: 51 Posted: 29 Jun 2009
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 120 (276,703)

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incremental innovation, ICT investments, modernization investments, competitive advantage, production management, supply-chain management

8.

Competition in International Postal Markets: Should the Universal Postal Union's Anti-Remail Provisions Be Repealed?

Downloads 249 (146,601)
Citation 3

Competition in International Postal Markets: Should the Universal Postal Union's Anti-Remail Provisions Be Repealed?

Number of pages: 25 Posted: 21 Sep 2000
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 249 (146,071)
Citation 3

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Postal markets, terminal dues, remail, inoversal postal union, universal service obligation, cream-skimming,

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Postal markets, Terminal dues, Remail, Universal Postal Union, Universal Service Obligation, Cream-skimming, International Trade

9.

Assessing Potential Competition in Antitrust Markets

In The International Handbook of Competition, Manfred Neumann and Jürgen Weigand (Editors), Edward Elgar, 2nd Edition, 2013, Chapter 10, pages 265 – 306.
Number of pages: 41 Posted: 10 Aug 2012 Last Revised: 05 Sep 2015
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 243 (150,134)

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antitrust, competition law enforcement, potential competition, contestable markets, sunk costs, barriers to entry, Staples and Office Depot merger, Volvo and Scania merger

10.

Competition and Innovation in Automobile Markets

Downloads 239 (152,570)
Citation 1

Competition and Innovation in Automobile Markets

Number of pages: 45 Posted: 25 Aug 2015
Vivek Ghosal and Jiayao Ni
Rensselaer Polytechnic Institute and Georgia Institute of Technology - School of Economics
Downloads 129 (262,005)
Citation 2

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Patents, innovation, market share, competition, automobiles, business cycles, mergers, environmental regulations, antitrust.

Competition and Innovation in Automobile Markets

CESifo Working Paper Series No. 5504
Number of pages: 46 Posted: 06 Oct 2015
Vivek Ghosal and Jiayao Ni
Rensselaer Polytechnic Institute and Georgia Institute of Technology - School of Economics
Downloads 110 (294,487)

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patents, innovation, market share, competition, automobiles, business cycles, mergers, environmental regulations, antitrust

11.

Regime Shift in Antitrust Laws, Economics and Enforcement

Journal of Competition Law and Economics 7, 2011, pages 733 – 774.
Number of pages: 30 Posted: 10 Oct 2007 Last Revised: 27 Dec 2014
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 239 (152,570)
Citation 1

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Antitrust enforcement, regime-shift, politics, supreme court, effectiveness

12.

Policy Innovations, Political Preferences, and Cartel Prosecutions

Downloads 229 (158,996)
Citation 4

Policy Innovations, Political Preferences, and Cartel Prosecutions

Review of Industrial Organization, Vol. 48, No. 4, 2016, University of Florida Levin College of Law Research Paper No. 16-17
Number of pages: 31 Posted: 12 Sep 2015 Last Revised: 17 May 2016
Vivek Ghosal and D. Daniel Sokol
Rensselaer Polytechnic Institute and University of Florida Levin College of Law
Downloads 200 (180,448)
Citation 2

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price-fixing, collusion, cartels, antitrust, enforcement, prosecutions, leniency, fines, jail terms, Antitrust Amendments Act, ACPERA, politics, business cycles

Policy Innovations, Political Preferences, and Cartel Prosecutions

CESifo Working Paper Series No. 5543
Number of pages: 31 Posted: 06 Nov 2015
Vivek Ghosal and D. Daniel Sokol
Rensselaer Polytechnic Institute and University of Florida Levin College of Law
Downloads 29 (567,978)
Citation 2

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cartels, collusion, price-fixing, enforcement, prosecutions, antitrust, leniency, fines, jail terms, Antitrust Amendments Act, ACPERA, politics, business cylces

13.

The Law and Economics of Enhancing Cartel Enforcement: Using Information from Non-Cartel Investigations to Prosecute Cartels

Downloads 222 (163,874)
Citation 2

The Law and Economics of Enhancing Cartel Enforcement: Using Information from Non-Cartel Investigations to Prosecute Cartels

Review of Law and Economics 7, 2011, pages 501 – 538.
Number of pages: 39 Posted: 20 Jun 2011 Last Revised: 27 Dec 2014
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 181 (197,528)
Citation 2

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cartel enforcement, law and economics, antitrust laws, competition laws

The Law and Economics of Enhancing Cartel Enforcement: Using Information from Non-Cartel Investigations to Prosecute Cartels

CESifo Working Paper Series No. 3506
Number of pages: 40 Posted: 11 Jul 2011
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 41 (503,454)

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cartels, enforcement, law and economics

14.

Discovering Cartels: Uncovering Dynamic Interrelationships between Criminal and Civil Antitrust Investigations

Number of pages: 49 Posted: 07 Feb 2007
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 213 (170,261)
Citation 1

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Cartels, Antitrust Enforcement, Prosecution, Business Cycles

15.

Firm-Level Human Capital and Innovation: Evidence from China

Downloads 184 (194,670)

Firm-Level Human Capital and Innovation: Evidence from China

CESifo Working Paper Series No. 6370
Number of pages: 38 Posted: 27 Mar 2017
Xiuli Sun, Haizheng Li and Vivek Ghosal
Southwestern University of Finance and Economics, Georgia Institute of Technology - School of Economics and Rensselaer Polytechnic Institute
Downloads 132 (257,491)

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human capital, education, innovation, patents, R&D, economic development, Asia, China

Firm-Level Human Capital and Innovation: Evidence from China

Number of pages: 37 Posted: 21 Feb 2017
Xiuli Sun, Haizheng Li and Vivek Ghosal
Southwestern University of Finance and Economics, Georgia Institute of Technology - School of Economics and Rensselaer Polytechnic Institute
Downloads 52 (455,165)
Citation 2

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Human capital, education, innovation, patents, R&D, economic development, China

16.

Investments in Modernization, Innovation and Gains in Productivity: Evidence from Firms in the Global Paper Industry

Downloads 175 (203,420)
Citation 2

Investments in Modernization, Innovation and Gains in Productivity: Evidence from Firms in the Global Paper Industry

2008 Industry Studies Conference Paper
Number of pages: 49 Posted: 22 Apr 2008
Vivek Ghosal and Usha Nair-Reichert
Rensselaer Polytechnic Institute and Georgia Institute of Technology
Downloads 124 (269,964)
Citation 3

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Pulp and paper industry, investment, modernization, innovation, productivity, organizational behavior

Investments in Modernization, Innovation and Gains in Productivity: Evidence from Firms in the Global Paper Industry

Research Policy, Vol. 38, No. 3, 2009
Number of pages: 49 Posted: 12 Mar 2010 Last Revised: 05 Sep 2015
Vivek Ghosal and Usha Nair-Reichert
Rensselaer Polytechnic Institute and Georgia Institute of Technology
Downloads 51 (459,125)

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Pulp and paper industry, investment, modernization, innovation, productivity, organizational behavior

17.

Impact of Uncertainty and Sunk Costs on Firm Survival and Industry Dynamics

WZB Markets and Political Economy Working Paper No. SP II 2003-12
Number of pages: 45 Posted: 06 Mar 2004
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 168 (210,685)
Citation 6

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Industry dynamics, firm survival, firm size distribution, uncertainty, sunk costs, technological change, creative destruction, option value, financing constraints

18.

Adoption and Diffusion of Health Information Technology: The Case of Primary Care Clinics

Downloads 165 (213,791)
Citation 1

Adoption and Diffusion of Health Information Technology: The Case of Primary Care Clinics

Number of pages: 49 Posted: 29 Aug 2012
Brantly Callaway and Vivek Ghosal
University of Mississippi - Department of Economics and Rensselaer Polytechnic Institute
Downloads 96 (323,288)
Citation 1

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healthcare, primary care, health information technology, electronic medical records, technology, adoption, diffusion, urban and rural locations, competition, healthcare policy

Adoption and Diffusion of Health Information Technology - The Case of Primary Care Clinics

CESifo Working Paper Series No. 3925
Number of pages: 50 Posted: 10 Sep 2012
Brantly Callaway and Vivek Ghosal
University of Mississippi - Department of Economics and Rensselaer Polytechnic Institute
Downloads 69 (394,809)

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healthcare, primary care, health information technology, electronic medical records, technology, adoption, diffusion, urban and rural locations, competition, healthcare policy

19.

Business Decision-Making Under Uncertainty: Evidence from Employment and Number of Businesses

CESifo Working Paper Series No. 4312
Number of pages: 47 Posted: 10 Jul 2013
Vivek Ghosal and Yang Ye
Rensselaer Polytechnic Institute and Syracuse University - Whitman School of Management
Downloads 122 (272,249)

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uncertainty, small businesses, entrepreneurship, employment, number of businesses, financing-constraints, real-options

20.

Firm and Establishment Volatility: The Role of Sunk Costs, Profit Uncertainty and Technological Change

Number of pages: 45 Posted: 08 Aug 2003
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 115 (284,023)

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Firm and Establishment Volatility, Sunk Capital Costs, Profit Uncertainty, Technological Change, Antitrust

21.

Investments in Modernization, Innovation and Gains in Productivity: Evidence from Firms in the Global Paper Industry

Number of pages: 49 Posted: 07 Mar 2007 Last Revised: 07 Sep 2015
Vivek Ghosal and Usha Nair-Reichert
Rensselaer Polytechnic Institute and Georgia Institute of Technology
Downloads 109 (294,867)

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Pulp and paper industry; investment; modernization; innovation; productivity; organizational behavior

22.

Implementing a Whistleblower Program to Ratchet Up the Fight Against Cartels

Global Competition Review, pp. 31-33, March 2008
Number of pages: 11 Posted: 15 Mar 2010
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 94 (325,288)

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cartels, whistleblowing, detection, information revelation

23.

Advanced Manufacturing Plant Location and Its Effects on Economic Development, Transportation Network, and Congestion

GDOT Research Project No. 12-24
Number of pages: 91 Posted: 06 Mar 2017
Vivek Ghosal and Frank Southworth
Rensselaer Polytechnic Institute and Government of the United States of America - Oak Ridge National Laboratory
Downloads 84 (348,777)

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Plant Location, Economic Impacts, Economic Multipliers, Freight Transportation Flows and Costs, Automobile Manufacturing Supply Chain, Multimodal Analysis, Global Shipments Modeling

24.

Adjustment Costs of Capital, Pre-Emptive Investments and Industry Structure

Number of pages: 34 Posted: 11 Oct 2007
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 79 (361,580)

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Strategic investments, capital adjustment costs, sunk costs, industry structure, antitrust

25.

Endemic Volatility of Firms and Establishments: Are Real Options Effects Important?

WZB, Markets and Political Economy Working Paper No. SP II 2003-13
Number of pages: 45 Posted: 07 Mar 2004
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 79 (361,580)

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Firm and establishment volatility, sunk capital costs, profit uncertainty, technological change, antitrust/competition policy, employment dynamics

26.

Global Initiatives in Reforming Rules and Regulations

REFORMING RULES AND REGULATIONS: LAWS, INSTITUTIONS AND IMPLEMENTATION, Vivek Ghosal, ed., Chapter 1, pp. 11-32, MIT Press, Cambridge, 2010
Number of pages: 41 Posted: 05 Sep 2010 Last Revised: 22 Mar 2011
Sean F. Ennis and Vivek Ghosal
Centre for Competition Policy, University of East Anglia and Rensselaer Polytechnic Institute
Downloads 70 (386,996)

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Competition, Innovation, Regulation, Reform

27.

High-Speed Rail Markets, Infrastructure Investments, and Manufacturing Capabilities

Number of pages: 216 Posted: 03 Mar 2017 Last Revised: 05 Mar 2017
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 57 (429,511)
Citation 2

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High-Speed Rail, Infrastructure, Transportation, Supply-Chain, Logistics, Public-Private Partnership, Technology, Innovation, Economic Development

28.

Business Strategy and Firm Reorganization: Role of Changing Environmental Standards, Sustainable Business Initiatives, and Global Market Conditions

Business Strategy and the Environment, Volume 24, Issue 2, February 2015, Pages: 123–144.
Number of pages: 31 Posted: 07 Dec 2014 Last Revised: 05 Sep 2015
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 56 (433,053)

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environmental standards, cleaner production, Porter Hypothesis, organizational strategy, incremental innovation, productivity, competitive advantage.

29.

Uncertainty and the Employment Dynamics of Small and Large Businesses

Downloads 44 (480,011)
Citation 3

Uncertainty and the Employment Dynamics of Small and Large Businesses

Small Business Economics, March 2015, Volume 44, Issue 3, pp 529-558
Number of pages: 49 Posted: 07 Dec 2014 Last Revised: 03 Sep 2015
Vivek Ghosal and Yang Ye
Rensselaer Polytechnic Institute and Syracuse University - Whitman School of Management
Downloads 25 (594,489)

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uncertainty, employment, small businesses, entrepreneurship, real-options, financing-constraints, macroeconomics

Uncertainty and the Employment Dynamics of Small and Large Businesses

CESifo Working Paper Series No. 5059
Number of pages: 50 Posted: 25 Nov 2014
Vivek Ghosal and Yang Ye
Rensselaer Polytechnic Institute and Syracuse University - Whitman School of Management
Downloads 19 (637,770)
Citation 1

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uncertainty, employment, small businesses, entrepreneurship, real-options, financing-constraints

30.

Decentralized Environmental Regulations and Plant-Level Productivity

Downloads 25 (577,225)

Decentralized Environmental Regulations and Plant-Level Productivity

CESifo Working Paper No. 7255
Number of pages: 35 Posted: 31 Oct 2018
Vivek Ghosal, Andreas Stephan and Jan Weiss
Rensselaer Polytechnic Institute, Jonkoping University, Jonkoping International Business School and Jonkoping University
Downloads 18 (645,260)

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pollution, environmental regulations, plant-specific regulation, decentralized regulation, enforcement, political-economy, Porter Hypothesis, TFP, productivity, efficiency, technical change, pulp and paper industry

Decentralized Environmental Regulations and Plant-Level Productivity

Number of pages: 32 Posted: 27 Sep 2018
Vivek Ghosal, Andreas Stephan and Jan Weiss
Rensselaer Polytechnic Institute, Jonkoping University, Jonkoping International Business School and Jonkoping University
Downloads 7 (732,320)
Citation 1

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Porter Hypothesis, Environmental Regulations, Plant-Specific Data, Enforcement, Political-Economy, TFP, Efficiency, Technical Change, Pulp and Paper Industry

31.

Quantifying the Role Played by Sunk Capital Costs in Real-Options Models

Scottish Journal of Political Economy, Vol. 57, Issue 3, pp. 343-358, July 2010
Number of pages: 16 Posted: 10 May 2010
Vivek Ghosal
Rensselaer Polytechnic Institute
Downloads 2 (744,599)
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32.

The Impact of Uncertainty on the Number of Businesses

Journal of Economics and Business, Vol. 105, 2019
Posted: 24 Jun 2020
Vivek Ghosal and Yang Ye
Rensselaer Polytechnic Institute and Syracuse University - Whitman School of Management

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Uncertainty, small businesses, number of businesses, bankruptcy, firm failure, financing-constraints, real-options

33.

The Genesis of Cartel Investigations: Some Insights from Examining the Dynamic Interrelationships between U.S. Civil and Criminal Antitrust Investigations

Downloads 0 (774,922)

The Genesis of Cartel Investigations: Some Insights from Examining the Dynamic Interrelationships between U.S. Civil and Criminal Antitrust Investigations

Journal of Competition Law and Economics, 2008
Posted: 26 Feb 2008
Vivek Ghosal
Rensselaer Polytechnic Institute

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cartel investigations, prosecution, antitrust law enforcement, civil investigations, business cycles

The Genesis of Cartel Investigations: Some Insights from Examining the Dynamic Interrelationships between U.S. Civil and Criminal Antitrust Investigations

Journal of Competition Law and Economics, Vol. 4, Issue 1, pp. 61-88, 2008
Posted: 14 Jul 2008
Vivek Ghosal
Rensselaer Polytechnic Institute

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34.

Potential Foreign Competition in U.S. Manufacturing

Posted: 07 Nov 2002
Vivek Ghosal
Rensselaer Polytechnic Institute

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Import-competition, antitrust, competition policy, market structure

35.

Product Market Competition and the Industry Price-Cost Markup Fluctuations: Role of Energy Price and Monetary Changes

International Journal of Industrial Organization, Vol. 18, No. 3, 2000
Posted: 11 Aug 2000
Vivek Ghosal
Rensselaer Polytechnic Institute

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markup fluctuations, business cycles, monetary policy, energy prices, labor hoarding, import competition

36.

Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries

JOURNAL OF MONEY, CREDIT, AND BANKING, Vol. 28, No. 4, Part 1, November 1996
Posted: 14 May 1998
Vivek Ghosal and Prakash Loungani
Rensselaer Polytechnic Institute and International Monetary Fund (IMF)

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