We examine the behavior of senders and receivers in the context of oligopoly limit pricing experiments in which high prices chosen by two privately informed incumbents may signal to a potential entrant that the industry-wide costs are high and that entry is unprofitable. The results provide...

We document and quantify the importance of information frictions in the market for startup acquisitions. Examining a sample of 5,727 Israeli venture-backed startups, we implement machine learning algorithms to generate dyads of technologically similar companies. Difference-in-differences and...

We consider separately strategic entry and asymmetric information in the design of the settlement policy governing patent disputes, with a focus on Shapiro(2003)'s consumer protection rule. We show that, when a potential entrant strategically incurs an entry cost before engaging in a patent...