Price-matching guarantees are widely used in consumer and industrial markets. Previous studies argue that they are a marketing tactic that facilitates implicit price collusion. We show, however, that when consumers have incomplete price information, the adoption of price-matching guarantees...

Market manipulation -- the exercise of market power in a future market- is a felony under US commodity law, but recent court and regulatory decisions have made conviction of a manipulator problematic at best. Instead, regulators attempt to prevent manupulation through verious means. Deterrence...

In the United States, risk regulation is separated into two components: risk assessment, the scientific or technical component, and the risk , management, the policy or political component. Public fears clearly do play a role in the formulation of government policies regulating risks, and it is...