We revisit conduct parameter estimation in homogeneous goods markets to resolve the conflict between Bresnahan (1982) and Perloff and Shen (2012) regarding the identification and the accuracy of conduct parameter estimation. We point out that the proof of Perloff and Shen (2012) is incorrect and...

I study competition among asymmetrically informed lenders in loan markets. In the past few years, a new competitor called FinTech emerges in financial markets. In loan markets, an important feature of FinTech companies is that they can acquire information about borrowers' characters, that...