Abstract: We analyze the optimal provision of information in a procurement auction with horizontally differentiated goods. The buyer has private information about her preferred location on the product space and has access to a costless communication device. A seller who pays the entry cost may...

This paper presents a model of collusion in vertically differentiated industries where firms have the option to make their products distinguishable to consumers by attaching a brand. We show that if consumers’ preferences are linear in the quality dimension and their beliefs satisfy a standard...

We study vertical relations in markets with consumer and retailer search. Retailers search to learn manufacturers' prices. We obtain three important new results. First, we explain why empirical distributions of retail prices are bi- modal, with a regular price and a sales price. Second, under...

This paper deals with information acquisition and communication in networked organizations. Agents receive private signals about a payoff-relevant parameter and may communicate it to other players to whom they are linked. I derive a key condition that ensures truthful communication. Since the...

This paper studies observational learning in a consumer search environment. In our model, consumers observe the purchasing decision of a predecessor before deciding which rm to visit. We show that if consumers emulate their predecessor and initiate their search at the rm she purchased from, a...

The document seeks to evaluate the existence of cross subsidization between the regulated and competitive parts of the postal sector. We analyze the incentive to make cross subsidization when prices are regulated by Ramsey Pricing or by Global Price Cap. By means of a linear demand function, we...

Abstract: This paper asks whether school based management may help reducing risky sexual behavior of teenagers. For this purpose we use student level data from Bogota to identify students from Concession School (CS), who are enrolled in public education system with a more school management...

Abstract: This paper explores the correlation between school factors and the differentiated results on sexual behavior between boys and girls in Bogota. A school stratified propensity score matching was performed to match each boy of the sample with the most similar girls in individual,...