Issue 1

March 2007
Articles: 

AN EMPIRICAL ANALYSIS OF PAYMENT CARD USAGE

I exploit a unique data set on the payment card industry to study issues associated with network effects and two-sided markets.

COMPETING PAYMENT SCHEMES

This paper presents a model of competing payment schemes.

EDGEWORTH PRICE CYCLES: EVIDENCE FROM THE TORONTO RETAIL GASOLINE MARKET

I exploit a new station-level, twelve-hourly price dataset to examine the strong retail price cycles in the Toronto gasoline market.

INNOVATION AND MARKET STRUCTURE: AN EMPIRICAL EVALUATION OF THE ‘BOUNDS APPROACH’ IN THE CHEMICAL INDUSTRY

This paper applies Sutton's [1998]‘bounds approach’ to the chemical industry.

PRODUCT IMPROVEMENT AND TECHNOLOGICAL TYING IN A WINNER-TAKE-ALL MARKET

In a winner-take-all duopoly for systems in which firms invest to improve their products, a vertically integrated monopoly supplier of an essential system component may have an incentive to advantage

WHO COMPETES WITH WHOM? THE CASE OF DEPOSITORY INSTITUTIONS

The willingness of consumers to substitute between banks and thrifts and between multimarket and single-market institutions is of strong interest to policymakers, yet little empirical work exists in t

AUTHORITY, RISK, AND PERFORMANCE INCENTIVES: EVIDENCE FROM DIVISION MANAGER POSITIONS INSIDE FIRMS

I show that performance incentives vary by decision-making authority of division managers.