monopolist is allowed to integrate into the downstream retail market. Integration helps overcome double marginalization-a feature … conduct in the downstream market and it has a greater incentive to cheat on any collusive arrangement. We show that these … downstream market, even if integration leads to a higher regulated input price. The anti-competitive effects of the higher input …

This paper investigates how media coverage inʿuences macroeconomic information processing at the bond market. I provide … economic indicator: High media coverage of the business cycle leads to a stronger market reaction to the release of gross … increases the market reaction to the release of producer and consumer price index than low media coverage. High media coverage …

-month interest rates, stock market indices, exchange rates versus the euro, and the US dollar. First, foreign macroeconomic news has …