When financially distressed firms have overwhelming debts, a prominent option for survival is to file for Chapter 11 bankruptcy protection. We empirically study the effect of Chrysler's Chapter 11 bankruptcy filing on the quantity sold by its competitors in the U.S. auto industry. The demand for...

In this paper, we study the effect of a firm's local channel exits on prices charged by incumbents remaining in the marketplace. Exits could result in higher prices due to tempered competition or lower prices due to reduced co-location or agglomeration benefits. The net effect of these two...

In this paper, we study the effect of a firm's local channel exits on prices charged by incumbents remaining in the marketplace. Exits could result in higher prices due to tempered competition or lower prices due to reduced co-location or agglomeration benefits. The net effect of these two...

Car buying for more than 80% of consumers involves obtaining a loan at a dealership in the U.S. Many of these buyers unknowingly pay an undisclosed interest rate markup charged by car dealerships, i.e., a dealer markup. The opaqueness of the dealer markup practice and a regulatory vacuum have...

Governments worldwide have spent billions of dollars on monetary incentives for consumers,such as tax credits, to encourage the adoption of eco-friendly (“green”) products. However, thereis little consensus regarding the effectiveness of tax credit incentives in increasing green...

Most buyers are unaware that dealers can mark up interest rates for auto loans regardless of buyers' risk profiles, potentially leading to gender discrimination in the third most prevalent consumer debt category in the U.S. Using individual transaction-level data from a 20% random sample of U.S....