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Platforms often display their products ahead of third-party products in search. Is this due to consumers preferring platform-owned products or platforms engaging in self-preferencing by biasing search towards their own products? What are the welfare implications? I develop a structural model of...
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While often times the Hypothetical Monopolist Test (HMT) utilized in relevant market delineation is implemented with uniform price increases throughout all the goods in the candidate relevant market, since 1984 the versions of the U.S. Merger Guidelines have emphasized that these small but...
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; import competition ; wage bargaining ; oligopoly ; redistribution …
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; labor productivity ; oligopoly ; wage differentials ; productivity growth ; industry dynamics …
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(somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …
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