technology that does not require their specialized input. The theory predicts an inverted-U relation between guilds and market … higher fixed costs, but not large enough to defeat workers’ resistance, and so workers form guilds and block adoption; and … predicted by our theory exists in a dataset of Italian guilds from the 14th to the 19th century. …

We present a Hotelling model of price and advertising competition between prescription drugs that differ in quality …

Using two standard location models, we investigate price competition and divergence from optimal product … store. Negative network effects tend to lessen competition and increase prices whereas positive network effects (bandwagon … effects) make competition fiercer and lead to lower prices. Furthermore, in the duopoly case, an increase in total population …

This paper analyses the consequences for the standard import allocation models of assuming monopolistic competition on …

competition we show that trade may reduce welfare compared to autarky, if firms produce sufficiently close substitutes and the …

We develop a theory of imperfect competition with loss-averse consumers. All consumers are fully informed about match …