Firms in primary-metal industries often charge subcompetitive prices and, in periods of high demand, they may ration their customers. A model is developed to explain these empirical regularities. In the model, firms with market power are aware that the price they charge today affects their...

I discuss the use of simulation techniques to evaluate unilateral effects of horizontal mergers and the pitfalls that one can encounter when using them. Simple econometric models are desirable because they can be implemented in a short period of time and can be understood by non experts....

In this paper, I examine methods used to construct and estimate game-theoretic models of oligopolistic interactions, and I survey some of the empirical findings. Both static and dynamic games are covered. Static models provide useful summary statistics concerning the outcomes of oligopolistic...