with the results of an empirical analysis of price response to changes in cost. We find that firms without adjacent … competition exhibit both upward and downward price rigidity, an outcome we ascribe to asymmetric information between the consumer … and the firm. Given that previous studies have focused on downward price rigidities of firms with market power, our …

constraints, and different sharing rules, discount factors and initial beliefs about price leading behavior. I find Edgeworth …

). These technologies enable first-degree price discrimination: firms charge different prices to different consumers, based on …, despite the threat of first degree price discrimination, personalized pricing with competing firms can lead to an overall …

would offset the incentive to increase price created by a merger. The formula depends only on pre-merger information on …

by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …

by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …

. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price …