interquartile range of the price distribution in a market. These results suggest that markups move procyclically in the airline …

interquartile range of the price distribution in a market. These results suggest that markups move procyclically in the airline …

fixed cost of entry. We also examine the impact of experimentation on the probability of entry into the market. We show that …

Double marginalization is a common inefficiency in vertical markets. One theory of the source of double marginalization …

, Evolution and Economic Theory; and furthered by Geoffrey Manne and Todd Zywicki in their recent paper titled Uncertainty …, Evolution, and Behavioral Economic Theory. Alchian’s thesis relied on an evolutionary understanding of firms’ activities in the … for firms to ‘survive’ in the market, they would need to act ‘as if’ they are oriented towards profit maximization …

its follower, this paper shows that under fairly general conditions, especially if the market exhibits evolving … the larger capacity, its competitor could, and in fact would use a smaller plant to force it out of the market. Further … are able to enter the market at their optimal entry date associated with their chosen capacity. However, competition for …