This study provides empirical evidence documenting how price dispersion moves with the business cycle in the airline industry.
Is it better to move first, or second—to innovate, or to imitate?
Using a field experiment involving undercover visits to auto repair garages with a test vehicle, I first examine how asymmetric information between mechanics and motorists over auto repair service qua
This paper investigates vertical economies between generation and distribution of electric power, and horizontal economies between different types of power generation in the U.S.
Theoretical investigations have examined both anti-competitive and efficiency-inducing rationales for vertical bundling, making empirical evidence important to understanding its welfare implications.
Firms do not always patent their innovations. Instead, they often rely on secrecy to appropriate the returns of innovations.
We describe a model of entry timing assuming that a second mover can benefit from observing the experience of a first mover.