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Andrew Rhodes (Toulouse School of Economics)
TSE, 12–13 mai 2022
We study personalized pricing (or first-degree price discrimination) in a general oligopoly model. In the short-run, when the market structure is fixed, the impact of personalized pricing hinges on the degree of market coverage (i.e., how many consumers buy). If coverage is high (e.g., because the...
Michael Luca
Carel Maske (Microsoft)
Francesco Decarolis (Bocconi University - IGIER)
Markus Reisinger (Frankfurt School of Finance & Management)
Fiona Scott Morton (Yale School of Management)
TSE, 12 mai 2022
Paul Heidhues
Doh-Shin Jeon
Felipe Aldunate, Felipe Gonzalez et Mounu Prem
n° 22-139, avril 2022
Economic sanctions and covert actions from hegemonic states are common tools used to in-fluence other countries. Less is known about non-state actors such as banks and their impact across borders. We use new firm-level data from Chile to document a substantial decrease in financial relations with U...
Michele Bisceglia, Roberto Cellini et Luca Grilli
vol. 315, avril 2022, p. 73–92
This paper proposes a generalization of Shleifer’s (RAND J Econ 16:319–327, 1985) model of yardstick competition to a dynamic framework. In a differential game setting, we show that the yardstick mechanism effectively replicates the first-best solution if players adopt open-loop behaviour rules and...
