Issue 1

March 2010
Articles: 

PRODUCT QUALITY AND MARKET SIZE

Do larger markets offer better products? The question has implications for theories of cities and theories of market organization.

COUNTERVAILING POWER IN WHOLESALE PHARMACEUTICALS

Using data on wholesale prices for antibiotics sold to U.S.

THE DYNAMICS OF SELLER REPUTATION: EVIDENCE FROM EBAY

We construct a panel of eBay seller histories and examine the importance of eBay's reputation mechanism.

INFORMATION REVELATION AND BUYER PROFITS IN REPEATED PROCUREMENT COMPETITION

I investigate how procurement costs are affected by the information that buyers reveal about sellers' behavior, in a setting with two sequentially offered contracts for which a seller's privately know

OUTPUT-EXPANDING COLLUSION IN THE PRESENCE OF A COMPETITIVE FRINGE

Following the structure of many commodity markets, we consider a few large firms and a competitive fringe of many small suppliers choosing quantities in an infinite-horizon setting subject to demand s

ORGANIZATIONAL STRUCTURE AND THE DIVERSIFICATION DISCOUNT: EVIDENCE FROM COMMERCIAL BANKING

We provide evidence on organizational structure and performance at bank holding companies (BHC's). First, we show that a BHC's member banks benefit from access to internal capital markets.

INCENTIVES, EQUALITY AND CONTRACT RENEGOTIATIONS: THEORY AND EVIDENCE IN THE CHINESE BANKING INDUSTRY

Renegotiation plays an important role in contract theory, but the empirical study of renegotiation is almost non-existent in the literature.

INVESTMENT SPIKES AND UNCERTAINTY IN THE PETROLEUM REFINING INDUSTRY

This paper investigates the effect of uncertainty on the investment decisions of petroleum refineries in the U.S.