potential for product market collusion. For that we utilize a dynamic model of R&D whereby we consider all possible initial … extension of the cooperative agreement towards collusion in the product market is not necessarily welfare reducing: if firms …

the corresponding increased potential for product market collusion. We consider all trajectories that are candidates for …. Product market collusion could thus yield higher total surplus. …

increased potential for product market collusion. We consider all trajectories that are candidates for an optimal solution as … initial technologies, pursue innovations more quickly, and are less likely to abandon a technology. Product market collusion …

increased potential for product market collusion. We consider all trajectories that are candidates for an optimal solution as … initial technologies, pursue innovations more quickly, and are less likely to abandon a technology. Product market collusion …

We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …

oligopoly and present a new maximum likelihood method to estimate search costs. We apply our method to a data set of online …

is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is …

This paper extends the Diamond (1980) model with labor unions to study optimal income taxation and to analyze whether … unions can be desirable for income redistribution. Unions bargain with firms over wages in each sector and firms unilaterally … determine employment. Unions raise the efficiency costs of income redistribution, because unemployment benefits and income taxes …