Issue 4

December 2004
Articles: 

PRICE DISPERSION IN THE SMALL AND IN THE LARGE: EVIDENCE FROM AN INTERNET PRICE COMPARISON SITE

This paper examines four million daily price observations for more than 1,000 consumer electronics products on the price comparison site http://Shopper.com.

ADVERSE SELECTION IN ELECTRONIC MARKETS: EVIDENCE FROM ONLINE STAMP AUCTIONS

We analyze adverse selection costs in online stamp auctions, based on a comparison of prices on eBay with those of matched stamps at a specialty stamps auction site in the U.S., Michael Rogers, Inc.

POST-CARTEL PRICING DURING LITIGATION

Standard methods in the U.S.

MERGERS WITH SUPPLY FUNCTIONS

I analyze the equilibrium effects of a merger in an industry when firms compete by submitting supply functions.

OPEN ARCHITECTURE AND R&D INCENTIVES

In open systems, firms give up their property rights to technologies and permit other companies to use these technologies.

OPTIMAL PRICING AND QUALITY CHOICE WHEN INVESTMENT IN QUALITY IS IRREVERSIBLE

This paper examines the price and quality choice of a single product, risk-neutral monopolist who can delay irreversible investments required for market entry.