Forthcoming Articles

Product-market competition can boost industry growth if firms invest more in innovation. Using a natural policy experiment, the removal of India’s License Raj, we show that firms in liberalized...

We analyze how consumer preferences for one-stop shopping affect the (Nash) bargaining relationships between a retailer and its suppliers. One-stop shopping preferences create "demand...

This article establishes a causal effect of product market competition on vertical integration. I exploit a hitherto unexplored natural experiment in the US coal mining industry and a unique mine-...

It has long been understood in theory that price-match guarantees can be anticompetitive, but to date scant empirical evidence is available outside of some narrow markets. This paper broadens the...

This paper employs a cartel policy experiment, the National Industrial Recovery Act (NIRA) of 1933, to examine whether industries that have trade associations in place prior to cartelization are...

Analyzing panel data of 32,650 checking-account holders facing a menu of three-part tariff contracts, we document several findings that indicate that subscribers use simple heuristics to learn...

This paper shows that a firm can use the purchase price and the fine imposed on detected payment evaders to discriminate between unobservable consumer types. Assuming that consumers self-select...

We show that in many models where firms make multiple decisions, analysis can be made more tractable by re-formulating the model into one where each firm makes a single choice, which we call a...

Competitive pressure is lower in markets where goods are more differentiated. I analyze how a change in the degree of horizontal product differentiation affects the incentives of duopolists to...

In markets where price dispersion is prevalent the relevant question is not what happens to the price when the number of firms changes but, instead, what happens to the whole distribution of...