In many markets, such as video streaming or information services, a consumer may purchase multiple competing products or services. The existing theoretical literature typically assumes that each consumer can buy only one product. This paper explicitly models the consumer's multi-purchase...

Investors increasingly rely on digital infrastructure to acquire information and we study how a large, unexpected server outage of the SEC’s EDGAR system affects liquidity to characterize the resilience and capital market effect of information acquisition in the digital age. The SEC’s EDGAR...

Defending a challenged merger on the basis of synergies requires an analysis of the likely pass through to consumers of associated marginal cost reductions. This paper explores the nature and extent of that pass though with differentiated consumer products. Pass-through rates are shown to depend...

Übernahmen und Fusionen bestimmen nach wie vor das Wirtschaftsleben. Häufig zielen Sie auf das Wachstum des Stammgeschäftes. Die angestrebten Wachstumsziele werden allerdings selten erreicht. Als Hauptursache hierfür gilt die durch die Übernahme oder Fusion ausgelöste Kundenabwanderung....