Forthcoming Articles

Many platforms that facilitate transactions between buyers and sellers charge ad valorem fees in which fees depend on the transaction price set by sellers. Given these platforms do not incur...

Licensors of patents essential to a standard are often required to license on reasonable and non-discriminatory (RAND) terms. Using a model with owners of essential patents and licensees who...

I study the impact of imitation on the returns to technological innovation when products are differentiated. Using data that capture Volkswagen's introduction of the TDI diesel engine and the...

We identify the rate of off-label use of prescription drugs in the United States during 1993-2008 using Detection Controlled Estimation. We find the rate rises from 29.9% to 38.3% during this...

We consider a model with two competing two-sided platforms that sell directly to one side of the market (the "direct side"), and indirectly through an agent to the other side (the "retail side")....

This paper empirically investigates the role of geography in online peer-to-peer loan markets. Using transaction level data, I find strong evidence that lenders are more informed about local...

We provide new evidence on retailers' pricing and advertising of store brands in the UK grocery markets. We analyse a simple Hotelling model in which retailers and manufacturers endogenously...

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...

Using a two-period model, I show that competition between two symmetric duopolists trying to learn about unknown features of demand results in an informationally suboptimal process. Because a firm...

In public procurement auctions, governments routinely offer preferences to qualified firms in the form of bid discounts. Previous studies on bid discounting do not account for affiliation – a form...