After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

This paper shows that the issues in the recent discussion over the 'home-market effects' are more complicated than … previously thought. It is shown that, in general, market size matters for industrial structure even when both the homogeneous and … the differentiated goods face transport costs. The home-market effect for production structure can arise, disappear, or …

We study an experimental market in which the structure of the information flows is endogenized. When making an offer … inform only one other trader about each offer, the resulting institution is equivalent to a decentralized bargaining market … typically informed all traders of the other market side, but none of their own side. This endogenously evolving institution …