This paper studies the effects of vertical integration on innovation in the chipset and smartphone industries. I formulate and estimate a dynamic structural model of a dominant upstream chipset maker and downstream smartphone handset makers. The two sides make dynamic investment decisions and...

We study the events alleged in recent Norwegian salmon industry antitrust cases to explore the relationship between vertical integration and collusion. In particular, we are interested in whether vertical integration can facilitate the strategic use of coordination devices such as public price...

This paper empirically tests the divergent expectations model of pre-trial bargaining by exploiting variation in tort liability for bad faith insurance law. Using a repeated cross-sectional dataset of auto insurance claims from the Insurance Research Council, it estimates that the tort remedy...

This paper studies the effectiveness of collusion in the DRAM cartel. Like other high technology products, DRAM is characterized by learning-by-doing and multi-product competition. I hypothesize that collusion is more difficult to sustain on a new generation, where learning is high, than an old...

This paper studies the effectiveness of collusion in the DRAM cartel. Like other high technology products, DRAM is characterized by learning-by-doing and multiproduct competition. I hypothesize that collusion is more difficult to sustain on a new generation, where learning is high, than an old...

This paper empirically studies a decentralized dynamic peer-to-peer matching market. We use data from a leading ride-sharing platform in China to estimate a continuous-time dynamic model of search and match between drivers and passengers. We assess the efficiency of the decentralized market by...

Agents in two-sided matching games vary in characteristics that are unobservable in typical data on matching markets. We investigate the identification of the distribution of unobserved characteristics using data on who matches with whom. In full generality, we consider many-to-many matching and...