This paper empirically analyzes how the use of vertical price restraints has impacted retail prices in the market for e …

among a number of firms of which some (or all) are indexed by a price-comparison engine facilitating buyers’ search process … and observed price reported there should not be attributed to noisy learning and strategic uncertainty due to subjects …

This paper analyzes the impact on consumer prices of the size and biases of price comparison search engines. We develop … identified several data patterns, and developed an econometric model for the price distributions. Variables accounting for risk …

ignoring the endogeneity of choice sets leads to biased estimates: in particular, the aggregate price elasticity is over …

aggressively after interconnection, raising prices for consumers and profits for firms. Price and profit rise results holds under …

and exercise second-degree price discrimination. We apply this model to the smartphone industry and quantify the welfare … effects of price discrimination and competition. We use counterfactual simulations to assess how the welfare changes when each … firm only offers its highest-quality product. We also study the market outcomes such as price, product variety and welfare …

where price plays the dominant role in selling tickets. Using flight-level data between 1997 and 2007 and geographical …