This paper develops a dynamic industry model in which firms compete to acquire customers over time by disseminating information about themselves under the presence of random shocks to their efficiency. The properties of the model's stationary equilibrium are related to empirical regularities on...

Between September 2021 and April 2022, anhydrous ammonia prices in the United States more than doubled, topping out at a record-high $1,300/ton. At the time, Senator John Boozman, Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry, asked the Agricultural & Food Policy...

Der Konzentrationsprozess im deutschen Sortimentsbuchhandel schreitet seit Jahren unaufhaltsam voran. Rahmenbedingungen wie die Digitalisierung, technische Innovationen und das Konsumentenverhalten beeinflussen dies zusätzlich. Kerstin Emrich untersucht die Ursachen und Auswirkungen dieses...