Following the 2007/09 and subsequent world food price shocks, a growing number of simulation studies predicted their implications on food security. Studies that only require pre-price-hike data and the specification of relevant price or income changes have been advocated as a potential tool to...

In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...

Scholars and enforcement officials debate the merits and implications of “behavioral antitrust” — the application of empirical evidence showing how human behavior departs systematically and predictably from strict rationality (“bounded rationality”) to antitrust law. Notwithstanding...