This paper uses merger simulations to predict post-merger prices for six major airline mergers from the 1980's, and compares these predictions with actual post-merger prices. Simulations which incorporate varying degrees of post-merger information allow us to decompose the actual price changes...

This paper considers the effects of joint negotiation when suppliers and intermediaries engage in bilateral negotiation over inclusion of a supplier’s product in an intermediary’s network. I identify conditions under which joint negotiation by two suppliers increases the suppliers’...

This paper presents empirical evidence on why firm become corporate criminals. We investigate the relationship between corporate ownership structure and the prior probability of observing corporate crime.

Despite enormous changes in factors affecting milk supply and demand, total fluid consumption has been essentially constant since 1944 in the U.S. (since 1961 in the E.U.) Classical economic analysis cannot explain persistently constant consumption in dramatically changing markets. However, this...