We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power …

This paper studies how market competition influences the algorithmic design choices of firms in the context of … to maximize estimated profit. We show that competition may induce firms to strategically choose simpler algorithms which …

platform-level competition, because digital ads soften competition between both firms and platforms. We also show how digital …

conditions under which such mergers arise are broad, regardless of whether we consider quantity competition among homogeneous … products or price competition among multi-product firms facing multinomial logit demand. Calibrated models based on commonly …

trends, markup trends, and the effects of mergers does not actually show a widespread decline in competition. Nor does it … observed changes in many industries are likely to reflect competition in action. We highlight research that points to targeted … interventions that can enable antitrust enforcement policy to better promote and protect competition. Throughout the paper, we …

literature to introduce an empirical framework for analyzing network competition among airlines. Airlines make market entry … decisions and choose flight frequencies in the first stage, followed by price competition to attract passengers in the second …

This paper presents a new approach to modeling transitional dynamics in dynamic models of imperfect competition, a …

Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this …