This paper analyses the situation of an incumbent monopoly who has both to signal that her costs are low in order to dissuade entry tomorrow, and that her product has a high quality in order to attract consumers in the current period. The incumbent can use both price and advertising as signals....

This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price, mark up and the expected degree of capacity utilization (resp. capital) increases (resp. decreases) with the firm internal net worth.

This paper constructs a simple repeated game model to analyze how industry outcomes alter if a regulated input monopolist is allowed to integrate into the downstream retail market. Integration helps overcome double marginalization-a feature well known in the existing literature. Unlike existing...

Price markups over marginal cost are often higher on "aftermarket" parts, service, and supplies for durable goods that they are on the goods themselves. One explanation for this phonomenons is that the aftermarket good is used as a "metering" device to price discriminate among consumer, a model...

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts,...