In a dynamic environment where underlying competition is "for the market," this paper examines what happens when … entrants and incumbents can instead negotiate for the market. For instance, this might arise when an entrant innovator can …

introduce a model of the market for advertising on news media outlets whereby news outlets are modeled as competing two … equilibrium outcomes in the advertising market. One consequence is that multi-homing on the part of advertisers is heterogeneous … readers from traditional outlets, the losses are at least partially offset by an increase in ad prices. Introducing a paywall …

In an unregulated electricity generation market, the degree to which generators in" different locations compete with … one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission … area of dominance. This" analysis is applied to a model of California's forthcoming deregulated electricity market. Our …

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long …-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured … markets, we simulate prices that define bounds on static oligopoly equilibria. Our findings suggest that vertical arrangements …

We analyze a number of unstudied aspects of retail electricity competition. We first explore the implications of load … best prices given the non price responsiveness of consumers. Specifically, the competitive equilibrium does not support the … Ramsey two-part tariff. By contrast, when consumers have real time meters and are billed based on real time prices and …

Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have … collapses, the concomitant need for operating reserve requirements and whether market prices will provide incentives for … been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps …

vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged … or subsidies on electricity or capacity are unlikely to succeed, because these interventions create new inefficiencies …The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that …

India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply … outcomes with more transmission capacity. I find that the returns to building transmission hinge on market conduct. Under a … limit trade between regions. I use confidential bidding data to estimate the costs of power supply and simulate market …

Partnering with the Census we implement a new survey of "structured" management practices in 32,000 US manufacturing … plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within … the same firm. This management variation accounts for about a fifth of the spread of productivity, a similar fraction as …