The random parameters logit model for aggregate data introduced by Berry, Levinsohn, and Pakes (1995) has been a driving force in empirical industrial organization for more than a decade. While these models are identified in theory, identification problems often occur in practice. In this paper...

Securing sales to a large bayer can be pivotal to a supplier' s decision to produce. Conventional wisdom holds that being pivotal improves a bayer's bargaining position. This paper finds otherwise. In a model in which a supplier bargains bilaterally with multiple buyers, becoming pivotal through...

In this paper we offer the Gibbs sampler as an alternative estimator to the the GMM procedure used by berry, Levinsohn, and Pakes (1995) (henceforth BLP) in their equilibrium differentiated product market analysis of the automobile industry.

The "aftermarkets" literature focuses on two important questions: (1) Do durable goods manufacturers that control their aftermarkets have an incentive to charge afetrmarket prices that exceed costs? (2) How significant (in a welfare sense) is the resulting distortion? Unlike previous work, this...

This paper presents empirical evidence on why firm become corporate criminals. We investigate the relationship between corporate ownership structure and the prior probability of observing corporate crime.

The intuition tat poorly performing corporations are more likely to engage in crime is found through-out the contemporary literature on the economics of corporate misconduct. Yet little evidence of such a relationship exists. This paper presents new evidence on the relationship between prior...