Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market where algorithmic-pricing software became widely...

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market where algorithmic-pricing software became...

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market where algorithmic-pricing software became widely...

This paper examines the effects of spectrum auctions on mobile market competition. A simple theoretical model suggests that bigger incumbents will acquire more spectrum in auction to preempt after-market competitors. We use novel data from European 4G spectrum auctions to present suggestive...

This paper examines the effects of spectrum auctions on mobile market competition. A simple theoretical model suggests that bigger incumbents will acquire more spectrum in auction to pre-empt after-market competitors. We use novel data from European 4G spectrum auctions to present suggestive...

Firms considering to enter into online markets face significant demand uncertainty and consumer search costs, with consumers most likely finding previously successful products in the market. This leads to a trade-off for potential entrants. Consider the appearance of a new very popular product...