Forthcoming Articles

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...

I study product diversity in presence of search costs and groups of consumers. I find that groups with heterogeneous tastes create a leverage effect on competition, so that a large majority of...

We explore the effects of asymmetries in capacity constraints on collusion where market demand is uncertain and where firms must monitor the agreement through their privately observed sales and...

This paper investigates the transmission of fossil fuel commodity spot market price changes to procurement costs of U.S. power producers. We measure and compare the speed and magnitude with which...

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...