Setting a price that results in rationing may be optimal for a seller whose customers must make a specific investment …

We propose a dynamic model of an oligopoly industry characterized by spatial competition between multi-store retailers …

This Paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we …

these predictions using plant-level data for the UK manufacturing sector. Most importantly, and consistent with theory, we … the likelihood of vertical integration. Also consistent with theory, both these effects are stronger when the supplying …

capacity and lumpy investment/disinvestment. We use our model to answer two questions. First, what economic factors facilitate … investment sunkness, and high depreciation promote preemption races. We also show that low product differentiation and low … investment sunkness promote capacity coordination. Although depreciation removes capacity, it may impede capacity coordination …

credit enforcement is prohibitively costly. The theory helps to explain how the three observed phenomena of output decline …