take into account that current sales in markets with network externalities increase the future demand. We show that optimal … experiment to test this prediction. We find that the observed price path in the experiment is consistent with the real …-world observation of deceasing prices rather than with the game theoretic prediction. Even if we allow for learning (repeated markets …

consists of an individual decision-making problem (firm’s choice of level of care) and a bilateral (pre-trial) bargaining … significantly higher when bargaining is performed under the split-award institution. Defendant's litigation expenses and plaintiff …

coordination mechanisms -- firms, contracts or markets -- as efficient responses to the particular environment. Since efficiency …

a bargaining position ex post. Even with the subsidization opportunity, the holdup inefficiency is still present, except … in the special cases in which one party has all the bargaining power. The adoption of a contract, however, allows full …

We study how firm boundaries are affected by the reduction in search costs when business-to-business electronic markets …'s make versus buy decision, and to analyze how the technological changes associated with electronic markets affect vertical … organizational scope. Our main results show that when search is information-intensive, electronic markets will result in constant …