When a buyer is able to obtain lower input prices from a supplier, is it possible that other buyers will have to pay more for the same input as a result? Is this bad for consumers?
I estimate the Internet's effect on the level and dispersion of airline fares on a given route within and across firms.
We study the benefits and drawbacks of allowing firms to offer different price-quality menus to captive consumers and to consumers more exposed to competition (market segmentation).
We analyze how asymmetric market shares impact advertising and pricing decisions by firms that have loyal, non-shopping customers and can advertise to shoppers through a ‘gatekeeper.’ In equilibrium,
We use cooperative game theory to analyze the power structure in the pipeline network for Russian gas.
Retailer capacity decisions can impact sales for products by affecting, for example, availability and visibility. Using data from the U.S.
This paper provides a theory of joint venture buy-outs in the presence of demand uncertainty.