In this paper, different models of vertical relationships between manufacturersand retailers in the supermarket industry are compared. Demand estimates areused to compute price-cost margins for retailers and manufacturers underdifferent supply models when wholesale prices are not observed. The...

In this paper we compare different models of vertical contracting between manufacturers and retailers in the supermarket industry. Demand estimates are used to compute price-cost margins for retailers and manufacturers under different supply models when wholesale prices are not observed. The...

The typical situation faced by antitrust authorities is to analyze a proposed manufacturer merger using scanner data at retail-level. Starting with a benchmark model of manufacturers' and retailers' sequential Bertrand-Nash pricing behavior, I perform counterfactual experiments to explore the...

How a cost shock is passed through into final consumer prices may relate to nominal price stickiness and rigidities, the existence of non adjustable cost components, strategic mark-up adjustments, or other contract terms along the supply distribution chain. This paper presents a simple framework...

In October 1910 a revolution drove out the king of Portugal and established the Portuguese Republic. In 1926 a military coup overthrew the parliamentary system and led to the authoritarian regime of Salazar, but in April 1974 a revolution led by the military restored the parliamentary republic....

With an eye to providing a methodology for tracking the dynamic integrity of prices for important market indicators, in this paper we use Benford second digit reference distribution to track the daily London Interbank Offered Rate (Libor) over the period 2005-2008. This reference, known as...

Whether you're driving to work, to a doctor's appointment, or to dinner with a friend, you don't want to reach your destination and then circle the neighborhood for 40 minutes looking for a parking space. You want even less to compete with dozens of other cars looking for that same vacant space,...