Consumer arbitrage affects international pricing in several ways. If all consumers face the same arbitrage costs, a monopolist's profit increases with arbitrage costs, and world welfare declines with them (if output does not rise). If arbitrage costs differ across consumers, a monopolist may...

Using a Markov-perfect equilibrium model, we show that the use of customer data to practice intertemporal price discrimination will improve monopoly profit if and only if information precision is higher than a certain threshold level. This U-shaped relationship lends support to a popular view...

This paper examines optimal managerial decisions in markets where goods may be distributed directly by their producers and/or by an intermediary akin to an online platform. We characterize the optimal design of the platforms' trading strategy, under two distinct business models: a marketplace...