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...

In this paper, we are trying first to exhibit why – paradoxically – the local economic performance is not able to explain the regional vote in France. In a second time, we build a Political Economy model (pooled time series), testing voting for regional incumbents and Front National as well....