This article explores how the introduction of new products by multiproduct firms might be affected by existing goods in each firm's portfolio. A logit analysis is conducted to estimate the effects of local monopoly power, cost advantages, and learning. Characteristics theory is used to determine...

This paper analyzes how the ability to limit cooperation influences the outcome of complete information bargaining between two players. When cooperation involves prompt resolution of a conflict, as in alternating-offer games and wars-of-attrition, the solutions equate the marginal rates of...

A procedure is developed to test the principal prediction of characteristics theory: all products are priced to appear on a convex market opportunity frontier. The feasibility of this testing procedure is shown by its application to the U.S. insecticide market during each year between 1944 and...