Issue 3

September 2011
Articles: 

THE EFFECT OF MOST-FAVORED CUSTOMER CLAUSES ON PRICES

We study the effects of introducing a Most-Favored Customer (MFC) clause on price competition among major consumer electronics retailers.

ASSESSING THE IMPACT OF RETAILER STORE BRAND PRESENCE ON MANUFACTURER BRANDS IN AN EQUILIBRIUM FRAMEWORK

This article assesses the impact of retailer store brand products on manufacturer brand prices, profitability and consumer welfare in Boston's white fluid milk market.

NEGATIVE EXTERNALITIES, COMPETITION AND CONSUMER CHOICE

Consumers sometimes make choices that impose greater external costs on those who do not make the same choice.

FINANCIAL VALUE OF REPUTATION: EVIDENCE FROM THE eBAY AUCTIONS OF GMAIL INVITATIONS

In this article, I utilize a unique collection of auctions on eBay to study the influence of seller reputation on auction outcomes.

WHEN DO CONSUMERS SEARCH?

This paper provides empirical evidence relating search to price movements. We measure consumer search directly from traffic statistics for web sites that report gasoline prices.

MARKET COMPETITION, R&D AND FIRM PROFITS IN ASYMMETRIC OLIGOPOLY

We investigate a Cournot model with strategic R&D investments wherein efficient low-cost firms compete against less efficient high-cost firms.

VERTICAL MERGERS, FORECLOSURE AND RAISING RIVALS' COSTS – EXPERIMENTAL EVIDENCE

The hypothesis that vertically integrated firms have an incentive to foreclose the input market because foreclosure raises its downstream rivals' costs is the subject of much controversy in the theore