to search, which modifies the search composition of demand such that demand can become more elastic. At the same time …, the consumers who choose to search reduce their search intensity, which makes demand less elastic. Whether the effect on …

-sided platform industries serve distinct customer groups that are connected through interdependent demand, and include major …

economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of … recent advances in the theory of Industrial Organization and two-sided markets we show that taxing ads may be …

Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce …

effects of a merger of a subset of the agents. We study the impact of the merger on the equilibrium production strategies, on … the steady states, and on the profitability of the merger for its members. We show that there exists an interval of the … asset’s stock such that any merger is profitable if the stock at the time the merger is formed falls within that interval …

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …, and the outside firms. In a dual context, we show that a cross-majority owner may have incentives to sell a fraction of …