Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. …

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to … inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare … pricing strategy of firms. Educating consumers may do more harm than good and should thus only be considered if the regulator …

This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …

characteristics of local markets and the propensity for consumers to be subjected to racial discrimination in their everyday … community results in more housing discrimination amongst minorities. While the evidence that increased competition reduces …