We show that U.S. banks price deposits almost uniformly across their branches and that this pricing practice is crucial …

formed in a market. We test these predictions in laboratory price setting games and find that in smaller markets collusive …, consistent with our theoretical predictions. We compare various features of price setting behavior in our lab experiments to …

The use of traditional industry-level profitability indicators for assessing the state of competition is problematic … profitability in opposite directions. In this analysis both problems are avoided by using firm-level Financial Statement Statistics … sources of industry-level profitability changes have been examined over a long-run period. The findings provide support to the …

This paper studies the effects of price limits implemented by the Securities and Exchange Commission (SEC) after the … May 2010 ‘Flash Crash.' The security-level price limits halt trading after a security's price experiences a sudden and … variable concerns. The data show that price limits reduce the frequency and severity of extreme price movements, but induce …

This paper develops a framework for investigating dynamic competition in markets where price is negotiated between an … through other lenders in the marketplace. We build a dynamic model of price negotiation with search and switching frictions to …

of the space of all price paths in time to the space of time-constant prices is sensible since the latter in general … contains Nash equilibria. We prove that the equilibrium price of the weakest active firm tends to marginal cost as the number …