information and correlated between them. The principals benchmark their agents against each other by making the same offers in the … complements this pattern is reinforced while under competition in substitutes the principals trade off the benefits of …

restraint caused by greater imports, assuming unchanged monetary policy, can explain a fall in inflation of up to 0.14% per … annum. The most substantial impact on inflation arises, however, from the role of lower markups in reducing the inflation …

An uninformed seller offers an object to a privately informed buyer. The buyer projects information and exaggerates the …

Pricing policy for any experience good faces a key tradeoff. On one hand, a price reduction increases immediate demand …

In this paper, we examine how cross-market price restrictions impact strategic entry and pricing decisions. A … motivating example is the 1996 Act in the United States which opens telecommunications markets to competition and contains a …

led to patterns of behaviour that suggest imperfect competition and market segmentation. At times in the past, the …

forms of organizing the local market, increased competition from the global market will crowd out variety in the local one …. The effect of increased global competition on prices is much less clear. While it yields a price reduction under monopoly … competition and industrial policies. …

Expansion in mobile phone coverage has improved access to information throughout the developing world, particularly … within sub-Saharan Africa. The existing evidence suggests that information technology has improved market efficiency and … data from a farmer-level survey: we find that farmers owning mobile phones obtain more price information but do not engage …