Forthcoming Articles

This paper studies how firing costs affect the productivity of knowledge workers. We develop a holdup model in which workers are essential to...

Among the many consequences on production processes, new technologies, including 3D-printing and web-based co-design, provide end-users with...

This article provides a tractable model of inter-temporal price-discrimination by heterogeneous firms, imperative for our understanding of...

We study how the inaccuracy of a costly certification technology affects a monopolistic seller's profitability. We compare three scenarios:...

This paper studies the role of taxation in durable good markets with dynamic monopolies. By conditioning the marginal tax rate on the volume...

In this paper we study the effect of differentiation on firms' optimal investments in advertising and product quality in the specific context...

Much of the recent empirical work estimating production functions has used methodologies proposed in two distinct lines of literature: 1) the...

Frequent price promotions force consumers to continuously reassess their preferences over product offerings. When this leads consumers to...

This paper shows that the well-known royalty-stacking problem is not robust to considering licensors with patents of heterogeneous strength...


In current power markets, the bulk of electricity is sold wholesale and transported...