We characterize the degree of price discretion that competing principals award their agents in a framework where agents are informed about demand and seek to pass on their unveriÖable distribution costs to consumers at the principalsí expense. Principals learn demand probabilistically and may...

This paper discusses a number of methodological challenges that ex-post evaluation of competition policy faces. We argue that imprecise measurement and simplified analysis not only leads to unreliable results, but also triggers behavioral responses by competition authorities. Because evaluation...

The organizational form of a competition agency affects its decision making. Functional organizations produce higher quality analysis but integrating the analysis into the decision-making process is more difficult than with a divisional form, organized around a specific sector or industry. This...