This paper uses the National Industrial Recovery Act of 1933, which set up industry-wide cartels in the manufacturing sector of the US economy, to gain empirical insight into the current debate on the
We look at a Bertrand model in which each firm may be inactive with a known probability, so the number of active firms is uncertain.
According to Stigler , vertical disintegration should be the typical development in growing industries, vertical integration in declining industries.
This paper considers a novel and strategic use of quality as a means for solving the durable-goods time inconsistency problem.
The economics literature contains many theoretical analyses of imitation and differentiation strategies but relatively few empirical studies of these topics.
This paper provides a systematic empirical analysis of the impact of foreign ownership on productivity and wages in the United Kingdom.