Markups are often much higher on aftermarket products than on corresponding durable goods. Many theoretical explanations of this phenomenon have been advanced, but little empirical work has tested them. Using data on laser printer toner and memory pricing, this paper sheds some empirical light...

Firms need to access skills, capital, and customers to enter into an industry initially, and the choices they make to access these resources are likely to exert path dependent influences over subsequent entry behavior into new submarkets. This paper explores how firms configure themselves to...