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The RAND Journal of Economics, ISSN 0741-6261, 2018, Volume 49, Issue 1, pp. 3 - 22
We examine the role of a middleman as an expert in markets. A seller's effort determines the quality of the good. Buyers observe neither the seller's effort... 
ENDOGENOUS QUALITY | INFORMATION | MARKETS | INVESTMENT | CERTIFICATION | RATINGS | ECONOMICS | Economic theory | Middlemen | Moral hazard | Marketing
Journal Article
American Economic Review, ISSN 0002-8282, 07/2017, Volume 107, Issue 7, pp. 2041 - 2071
Considering markets with nonpivotal buyers, we analyze the anti-competitive effects of breakup fees used by an incumbent facing a more efficient entrant in the... 
MONOPOLY | NAKED EXCLUSION | SWITCHING COSTS | ECONOMICS | Behavior | Oligopolies | Laws, regulations and rules | Business enterprises | Methods | Pricing | Market entry | Regulation | Contracts | Acquisitions & mergers
Journal Article
Journal of Economics & Management Strategy, ISSN 1058-6407, 01/2019, Volume 28, Issue 1, pp. 41 - 48
Journal Article
Journal of Economics & Management Strategy, ISSN 1058-6407, 2019, Volume 28, Issue 1, pp. 41 - 48
Markets with network effects are typically concentrated. The aim of this paper is to discuss some recent work on “incumbency advantage.” That is, the fact that... 
incumbency advantage | platform competition | data barrier | MANAGEMENT | COMPETITION | SYSTEMS | ECONOMICS | Competition | Corporate profits | Consumer behavior
Journal Article
International Journal of Industrial Organization, ISSN 0167-7187, 07/2016, Volume 47, p. 62
  We consider a two period model where consumers have different switching costs. Before the market opens an Incumbent sells to all consumers; after the market... 
Studies | Consumer behavior | Models | Equilibrium | Switching
Journal Article
Journal of economic theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, pp. 1179 - 1212
We examine an infinite horizon model of quality growth for a durable goods monopoly. The seller may offer any bundle(s) of current and previous quality... 
Journal Article
Journal of Economic Theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, p. 1179
  We examine an infinite horizon model of quality growth for a durable goods monopoly. The seller may offer any bundle(s) of current and previous quality... 
Studies | Monopolies | Durable goods | Markov analysis | Equilibrium | Game theory | Growth models
Journal Article
Journal of Economic Theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, pp. 1179 - 1179
We examine an infinite horizon model of quality growth for a durable goods monopoly. The seller may offer any bundle(s) of current and previous quality... 
Economics | Bundling | Dynamics | Monopolies | Markov processes | Durability | Markets | Delay
Journal Article
The Journal of Legal Studies, ISSN 0047-2530, 01/2014, Volume 43, Issue 1, pp. 37 - 63
This paper is an economic analysis of cause lawyering, in which lawyers seek social change through the courts. The lawyer’s litigation strategy consists of... 
State legislation | Litigants | United States Supreme Court doctrines | Litigation | School segregation | Attorneys | Judges | Professional schools | Lawyer client communication | Appellate courts | LAW | Economic aspects | Litigation support | Social advocacy | Laws, regulations and rules
Journal Article
International Economic Review, ISSN 0020-6598, 8/2014, Volume 55, Issue 3, pp. 943 - 958
We analyze a simple dynamic durable good model. Two incumbent sellers and potential entrants choose their capacities at the start of the game. We solve for... 
Purchasing | Economic value | Business orders | Market prices | Ecological competition | Dynamic games | Pricing strategies | Economic competition | Aircraft | Incumbents | ECONOMICS | BERTRAND COMPETITION | PRECOMMITMENT | SPLIT | Competition (Economics)
Journal Article
International Economic Review, ISSN 0020-6598, 08/2014, Volume 55, Issue 3, p. 943
  We analyze a simple dynamic durable good model. Two incumbent sellers and potential entrants choose their capacities at the start of the game. We solve for... 
Studies | Decision making models | Durable goods | Economic rent | Game theory | Equilibrium | Agency theory
Journal Article
International Economic Review, ISSN 0020-6598, 08/2014, Volume 55, Issue 3, pp. 943 - 958
Journal Article
The RAND Journal of Economics, ISSN 0741-6261, 12/2007, Volume 38, Issue 4, pp. 1113 - 1133
We study job incentives in moonlighting, when public-service physicians may refer patients to their private practices. Some doctors in the public system are... 
Consumer surplus | Moonlighting | Physicians | Consumer economics | Consumer equilibrium | Nash equilibrium | Price ceilings | Consumer prices | Private sector | Public sector | INSURANCE | ECONOMICS | COLLUSION | HEALTH-CARE | INCENTIVES | Medicine | Practice | Forecasts and trends | Incentives (Business) | Laws, regulations and rules | Studies | Incentives | Nonprofit hospitals | Game theory | Quality of care
Journal Article
Journal of economic theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, pp. 935 - 952
We study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first show that if all consumers have the same switching cost,... 
Journal Article
Journal of Economic Theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, p. 935
  We study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first show that if all consumers have the same switching cost,... 
Studies | Economic models | Profits | Monopolies | Cost analysis
Journal Article
Journal of Economic Theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, pp. 935 - 935
We study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first show that if all consumers have the same switching cost,... 
Economics | Heterogeneity | Costs | Customers | Consumers | Dynamic models | Switching
Journal Article
Journal of Economic Theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, pp. 935 - 952
We study a dynamic model with an incumbent monopolist and entry in every subsequent period. We first show that if all consumers have the same switching cost,... 
Switching cost | Incumbency | Entry | Dynamic competition | REVISITING DYNAMIC DUOPOLY | MARKETS | COMPETITION | ECONOMICS
Journal Article
The RAND Journal of Economics, ISSN 0741-6261, 7/1993, Volume 24, Issue 2, pp. 212 - 223
I show that a middleman can be welfare improving in all equilibria in a quite general bargaining model when adverse selection is present. Conditions are... 
Trade intermediaries | Warranties | Retail stores | Cost of entry | Market prices | Adverse selection | Goods | Market equilibrium | Market conditions | Financial investments | J GY ECONOMICS | VALUES | SIGNALING GAMES | Middle managers | Evaluation | Commercial agents | Studies | Impacts | Economic theory | Middlemen
Journal Article
International Journal of Industrial Organization, ISSN 0167-7187, 07/2016, Volume 47, pp. 62 - 87
We consider a two period model where consumers have different switching costs. Before the market opens an Incumbent sells to all consumers; after the market... 
Switching cost | Competition | Bertrand | Stackelberg | CUSTOMER MARKETS | ECONOMICS
Journal Article
Journal of Economic Theory, ISSN 0022-0531, 05/2013, Volume 148, Issue 3, pp. 1179 - 1212
We examine an infinite horizon model of quality growth for a durable goods monopoly. The seller may offer any bundle(s) of current and previous quality... 
Bundling | Market power | Upgrades | Durable goods | Monopoly | Coordination | L15 | D42 | C73 | C72 | RATIONAL-EXPECTATIONS | INNOVATION | ECONOMICS | DURABLE-GOODS MONOPOLY | Monopolies
Journal Article
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