We use a longitudinal dataset from the US airline industry to estimate three different models for entry games with very general forms of heterogeneity between U.S. carriers in airline markets: A simultaneous game with complete information; and two sequential games with or without strategic entry...

We provide an econometric framework for estimating a game of simultaneous entry and pricing decisions while allowing for correlations between unobserved cost and demand shocks. We use our framework to account for selection in the pricing stage. We estimate the model using data from the US...

Media industries typically exhibit two fundamental features, high fixed costs and heterogeneity of consumer preferences. Daily newspaper markets, for example, tend to support a single product. In other examples, such as radio broadcasting, markets often support multiple differentiated offerings....