Infectious diseases are among the main causes of death and disability in developing countries, and they are a major reason for the health disparity between rich and poor countries. One of the reasons for this public health tragedy is a lack of lifesaving essential medicines, which either do not...

Many tournaments consist of multiple stages under asymmetric conditions. We analyze the efficiency of tournaments in which the order of a temporary advantage is randomly allocated by the tournament regulation. We find that the order in which the players have this advantage does not have an...

The regulation of vertical relationships between firms is the subject of persistent legal and academic controversy. The literature studying vertical trade relationships seems to assume that an upstream monopolist prefers downstream competition over exclusive distribution arrangements. We derive...