is pronounced. This behavior can be explained in terms of an informal yardstick competition: When consumers use …

also use a stylised model of an electronic communications market to draw some central lessons from economic theory and to …

.e., firms competing on multiple structurally unrelated markets, can effectively limit competition. Our more general analysis … effects of forbearance and repeated interaction. Surprisingly, conglomerate firms do not limit competition, they rather foster … more cooperation in a partners than in a strangers matching. -- Experiment ; Forbearance ; Competition …

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and … competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market … outcomes linked to competition. Because station-level adoption is endogenous, we use brand headquarter-level adoption decisions …

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and … competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market … outcomes linked to competition. Because station-level adoption is endogenous, we use brand headquarter-level adoption decisions …

products that are more directly affected by competition. However, at the product therapeutic area level, we find a reduction in … innovation by new entrants after the ruling in response to increased competition. Overall, these results are consistent with …