Forthcoming Articles

We investigate the effect of individual banks’ affected by the recent financial crisis of 2008/2009 on the innovation activities of their business customers. Firms associated with a bank that...

This paper develops a theoretical framework to analyze the link between real-time and dayahead competition in a hydro-based wholesale electricity market. Predictions of the model are tested on a...

This article assesses the impact of a merger in a retail gasoline industry and evaluates the effectiveness of outlet divestitures as remedies. Results show a modest but significant increase in...

Markets prone to asymmetric information employ reputation mechanisms to address adverse selection and moral hazard. In this paper, we use a change in such a reputation mechanism to examine its...

The vast majority of empirical studies examining the link between consumer search and price dispersion focus on how changes in consumer search impact price dispersion. This article does the...

We systematically investigate the relationship between the number of firms in a market and tacit collusion by means of a meta-analysis of the literature on oligopoly experiments as well as two own...

It is well known in the credence-good literature that in an expert-client relationship, under the Liability assumptions, clients have to reject the expert's serious-treatment recommendations with...

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Merger simulations focus on the price changes that may occur once previously independent competitors set prices jointly and other market participants respond. This paper considers the possibility...