We establish that there are large and persistent differences in final transaction prices for identical new cars, and that demographic characteristics explain at least 20% of the observed variation.
Using Canadian plant-level data, this paper shows that, depending on the industry, the differences in the average plant-level productivity and cross-plant allocation of resources between multi-plant a
This paper studies the case in which a firm delegates quality control to an independent monitor.
We examine how mergers affect quality provision by analyzing five U.S. airline mergers, focusing on on-time performance (OTP).
I show that the benefit of a high reserve price in a common-values ascending auction is lower than in the observationally equivalent private values setting.
We use a dynamic model to measure the impact of the entry of large stores on incumbents’ productivity separate from demand while accounting for local markets and the endogeneity of entry.
This study proposes a novel spatial model in which an online retailer competes with heterogeneous brick-and-mortar retailers.