This paper studies the impact of market power on international commodity prices.
We exploit unique features of a recently introduced tariff schedule for natural gas in Buenos Aires to estimate the short-run impact of price shocks on residential energy utilization.
A large literature, both theoretical and empirical, suggests that incentive pay and the delegation of worker authority are positively related.
This paper characterizes the optimal investigation and leniency policies when the Competition Authority is privately informed about the strength of a cartel case.
Barcode scanners, introduced in the early 1970s, were a foundational process innovation in the grocery supply chain. By 1984 scanners had been installed in 10% of food stores in the U.S.
Antibiotic resistance, a negative externality of antibiotic use, is a growing threat to public health.