I analyze the effects of competition on process innovation and product introduction and obtain robust results that hold for a range of market structures and competition modes.
This paper examines the impact of new technology on plant-level productivity in the Japanese steel industry during the 1950's and 1960's.
We examine the determinants of entry into Italian local banking markets during the period 1991–2002 and build a simple model in which the probability of branching in a new market depends on the featur
We demonstrate that demand uncertainty can explain equilibrium product variety in the presence of sunk costs.
This paper develops a simple model to analyze the effects of mergers in complementary system markets when the merged firm is able to engage in bundling.
This study explores the possibility that local market power influences the observed asymmetric relationship between changes in wholesale gasoline costs and changes in retail gasoline prices.
Using monthly data from the 48 contiguous states (except Nevada) for the 1988–2002 period, it is shown that retail gasoline prices respond faster to wholesale price increases than to equivalent wholes
Asymmetric-price adjustment is a common phenomenon in many markets around the world, particularly in retail gasoline markets.
I measure price dispersion among differentiated retail gasoline sellers and study the relationship between dispersion and the local competitive environment.
A bidder is said to be advantaged if she has a higher expected valuation of the auction prize than her competitor.
