Using transaction-level data on Canadian mortgage contracts, we document an increase in the average discount negotiated off the posted price and in rate dispersion.
We extend the Brander and Eaton (1984) model of product line rivalry to study the effects of asymmetry between firms on the equilibrium outcome.
The merger incentives between profitable firms differ fundamentally from the incentives of a profitable firm to merge with a failing firm.
To foster competition, governments can intervene by auctioning licenses to operate, or by imposing divestitures.
In this paper, we study the determinants of patent quality and volume of patent applications when inventors care about perceived patent quality.
Despite the problem that filesharing poses to the creative industries, there is little research on the effectiveness of governmental anti-piracy policies.
This note studies third degree price discrimination in intermediate good markets.