Issue 2

June 2007
Articles: 

PRICES, SPATIAL COMPETITION AND HETEROGENEOUS PRODUCERS: AN EMPIRICAL TEST

Homogeneous-producer models attribute lower prices in denser markets solely to lower optimal markups.

PENNIES FROM EBAY: THE DETERMINANTS OF PRICE IN ONLINE AUCTIONS

This paper presents an exploratory analysis of the determinants of prices in online auctions for collectible United States one-cent coins at the eBay web site.

POSTING MULTIPLE PRICES TO REDUCE THE EFFECTIVENESS OF CONSUMER PRICE SEARCH

In a model of competition with imperfect consumer price information and incomplete price search, some consumers may end up comparing prices originating from the same supplier: either because one firm

ENTRY AND COMPETITION IN LOCAL HOSPITAL MARKETS

We extend the entry model developed by Bresnahan and Reiss to make use of quantity information, and apply it to data on the U.S. hospital industry.

PRODUCT MARKET COMPETITION AND AGENCY COSTS

We model the effects of competition on managerial efficiency and isolate the agency effect of competition, present only in firms subject to agency costs, from the direct pressure effect of competition

VERTICAL CONTRACTING WHEN COMPETITION FOR ORDERS PRECEDES PROCUREMENT

This paper reverses the standard order between input supply negotiations and downstream competition and assumes that competition for orders takes place prior to procurement of inputs in a vertical cha

THE ROLE OF EXCLUSIVE CONTRACTS IN FACILITATING MARKET TRANSACTIONS

We examine the relationship between market conditions and the adoption of exclusive contracts.

ERRATUM - this article corrects : "Market Size Matters"