assumption behind the well-established technique of relying on exogenous demand perturbations to empirically distinguish between …

According to the prospect theory financial investors tend to sell winners too early and ride losers too long. Therefore …, demand for financial advise should be high in a bull market and low in a bear market. Thus, we test the hypothesis whether … the demand for business magazines is somehow related to the performance of the stock market. It turns out that the sales …

in the absence of variation in wholesale prices and demand. Furthermore, the model makes detailed predictions concerning …

prices leads to higher prices. Based on this theory of harm, it is argued that there should be a per se prohibition on …

-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids …. Numerical experiments indicate that a barrier to entry's quantitative relevance depends on demand shocks' serial correlation. If … demand shocks, the direct effect is small and the barrier to entry has no substantial effect on the number of competitors …