Here, we study vertical foreclosure in a dynamic setup with learning-by-doing production technologies. There is a downstream monopoly and an upstream duopoly, where manufacturers produce differentiated products and can gain proficiency through the accumulation of their production. We study the...

Introduction. The Greek economy before and during the crisis--and policy options going forward / Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, and Nikolaos Vettas -- The macroeconomics of the crisis. Greece and the Euro / George-Marios Angeletos and Harris Dellas ; The challenge of...

We examine the implications of different contractual forms for welfare as well as for firms’ profits in a framework in which a vertically integrated firm sells its good to an independent downstream firm. Under downstream Bertrand competition, the standard result of the desirability of two-part...

We analyse the exchange-rate exposure (exposure) and systematic risk (beta) of individual stocks and pair arbitrage portfolios (PAP) in a Bertrand-type international duopoly. Under currency appreciation the firm beta from the depreciating (appreciating) country, decreases (increases). As the...