Products often bundle together many functions e.g., smartphones. The firm develops the big idea (which functions to bundle) and then chooses one supplier per function. We develop a model featuring holdup in which the firm's bargaining power declines in the number of suppliers. Greater scope as...

Products often bundle together many functions e.g., smartphones. The firm develops the big idea (which functions to bundle) and then chooses one supplier per function. We develop a model featuring holdup in which the firm's bargaining power declines in the number of suppliers. Greater scope as...

Has the rapid increase in mobile phone usage contributed to traffic fatalities in the United States? Does legislation requiring drivers to use hands-free technology while talking have any effect on traffic fatalities? Using state-level panel data on mobile phone ownership, hands-free laws, and...