There is widespread evidence that some firms use false advertising to overstate the value of their products. Using a … advertising actively influences rational buyers. We analyze the effects of policy under different welfare objectives and establish … a set of demand and parameter conditions where policy optimally permits a positive level of false advertising. Further …

We provide a novel theory of harm for resale price maintenance (RPM). In a model with two manufacturers and two …

We provide a theory of how RPM facilitate upstream cartels absent any information asymmetries using a model with … manufacturers if they collude. We thus provide a novel theory of harm for resale price maintenance when manufacturers collude and … illustrate the fit of this theory in various competition policy cases. …

in regulating commercial advertising and marketing. Several new regulatory initiatives are being proposed, or are already … restrictions on advertising and marketing would diminish consumer welfare. Moreover, it underscores and endorses the Supreme Court …

Casual empiricism suggests that deceptive advertising is prevalent, and several classes of theories explore its causes … advertising. Ski resorts self-report 23 percent more snowfall on weekends; there is no such weekend effect in government …