restrictive price-cap regulation in the X market decreases Y market quantities; but restrictive caps in the X market have a … positive impact on Y market outputs. Behavior in laboratory markets confirms these propositions. Regulation that lowers X …

surplus-sharing and product differentiation, it is chosen by the second mover to avoid Bertrand competition. The equilibrium …

This paper studies how competition and vertical structure jointly determine generating capacities, retail prices, and … before they buy electricity in the wholesale market, we show that welfare is highest if competition in generation and …

While competition between firms producing substitutes is well understood, less is known about rivalry between … to raise prices, even if all browser competition exits. This may seem surprising since it runs counter to the traditional …

the economics, technology, and history of online competition. Online platforms face dynamic competition as a result of …: disruptive innovation that provides opportunities for entry; competition from online platforms that have secured a toehold in one … firms competing for consumer attention and advertiser dollars. The last two decades of online platform competition …

, although anti-competitive mergers harm competition ex-post, barriers and costs of merging due to regulation should be reduced … to promote competition ex-ante …