We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network …. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its …

competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm … benefit for the viewers. -- price coordination ; two-sided markets ; media economics …

We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables … interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price … discrimination, the platform can condition its fee on sellers' type. In a model with linear demand on each side, we show that price …

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …

competing products, the price of individual products tends to fall over the product lifetime. This holds true for more than 90 …% of the expenditure items underlying the U.K. consumer price index and has important normative implications. Constructing … a sticky price model featuring a product life cycle and rich amounts of heterogeneity, we explain how the optimal …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …