Results 31 to 40 of about 87,873 (46)
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Relationships on the Rocks: Contract Evolution in a Market for Ice
American Economic Journal: Microeconomics, 2022Firms use relational contracts to support repeated trade. Do these informal agreements evolve in response to market conditions? In a market for ice, firms reestablish relationships on new terms when a prior agreement breaks down.
Tarek Ghani, T. Reed
semanticscholar +1 more source
American Economic Journal: Microeconomics, 2022
We address the growing concern that minority shareholding (MS) in rival firms may lessen competition, using the introduction of national leniency programs (LPs) as a shock that destabilizes collusive agreements. Based on data from 63 countries, we find a
Sven Heim +3 more
semanticscholar +1 more source
We address the growing concern that minority shareholding (MS) in rival firms may lessen competition, using the introduction of national leniency programs (LPs) as a shock that destabilizes collusive agreements. Based on data from 63 countries, we find a
Sven Heim +3 more
semanticscholar +1 more source
Underbidding for Oil and Gas Tracts
The American Economic ReviewCommon values auction models, where bidder decisions depend on noisy signals of common values, provide predictions about Bayesian Nash equilibrium (BNE) outcomes. In settings where these common values can be estimated, these predictions can be tested. We
Julien Martin +2 more
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The Inner Workings of a Hub-and-Spoke Cartel in the Automotive Fuel Industry
American Economic Journal: MicroeconomicsWe study the inner workings of a hub-and-spoke cartel in the Brazilian automotive fuel industry. Based on court documents and detailed price and sales data, we discuss how gas station owners (spokes) operating inside the federal capital received help ...
Daniel Chaves, Marco Duarte
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Mutation des capitalismes dans une nouvelle phase de la mondialisation
Revue d économie financièreLe premier quart du xxi e siècle se caractérise par une transformation rapide et profonde de l’économie mondiale, ponctuée par la grande crise financière de 2007, la pandémie de Covid-19, l’accélération du dérèglement climatique, la montée en puissance ...
D. Plihon
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Holdup, Profit Distribution and Platform Antitrust
Social Science Research Network, 2021The bargaining process between the platform and users has great impact on the pricing scheme and the successful establishment of a platform. When users receive utilities after paying a initial cost to join the platform, they face the risk of platform’s ...
Danxia Xie, Jinglei Huang
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Competing to Commit: Markets with Rational Inattention
Social Science Research NetworkTwo homogeneous-good firms compete for a consumer’s unitary demand. The consumer is rationally inattentive and pays entropy costs to process information about firms’ offers. Compared to a collusion benchmark, competition produces two effects.
Carlo Cusumano +2 more
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Revue d économie industrielle
The literature has discussed the intellectual monopoly power of big tech companies in the services sectors but it still did not catch the potential impact of these big tech companies on the manufacturing sector.
Nathalie Coutinet, David Flacher
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The literature has discussed the intellectual monopoly power of big tech companies in the services sectors but it still did not catch the potential impact of these big tech companies on the manufacturing sector.
Nathalie Coutinet, David Flacher
semanticscholar +1 more source
Nonlinear Pricing with Average-Price Bias
American Economic Review: Insights, 2020Empirical evidence suggests that consumers facing complex nonlinear prices often make choices based on average (not marginal) prices. Given such behavior, we characterize a monopolist’s optimal nonlinear price schedule.
D. Martimort, Lars Stole
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Employer Dominance and Worker Earnings in Finance.
The Review of Corporate Finance StudiesA few large firms in the U.S. financial system achieve substantial economic gains. Their dominance sets them apart while also raising concerns about the suppression of worker earnings.
Wenting Ma
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