Behaviour-based price discrimination (BBPD) is typically analysed in a framework characterised by perfectly inelastic demand. This paper provides a first assessment of the role of demand elasticity on the profit, consumer and welfare effects of BBPD. We show that the demand expansion effect,...

Horizontal mergers are usually under the scrutiny of antitrust authorities due to their potential undesirable effects on prices and consumer surplus. Ex-post evidence, however, suggests that not always these effects take place and even relevant mergers may end up having negligible price effects....

type="main" <p>The spokes model allows to address nonlocalized spatial competition between firms. In a spatial context, firms can price discriminate using location-contingent pricing. Nonlocalized competition implies that neighboring effects are not relevant to firms. This paper analyzes spatial...</p>

Horizontal mergers are usually under the scrutiny of antitrust authorities due to their potential undesirable effects on prices and consumer surplus. Ex-post evidence, however, suggests that not always these effects take place and even relevant mergers may end up having negligible price effects....

Abstract Products get to the market in different sizes. Focusing on a model in which firms can supply and sell their product in a small or a large size and the production technology is characterized by size economies, insights are provided on the size of the products that one finds on the...

This paper examines the relationship between religion and home bias. A theoretical framework is proposed suggesting that countries may show a certain degree of religion-enhanced international altruism associated with a lower home bias. These predictions are investigated empirically using...

Home bias in international trade and finance has been deeply investigated in both theoretical and applied studies. Nonetheless, we do not possess so far any experimental and/or survey assessment of the phenomenon. This paper fills this gap and examines home (and European) bias from survey data...

Home bias affects trade in goods, services and financial assets. It is mostly generated by "natural" trade barriers. Among these dividers we may list many behavioral and sociological factors, such as status quo biases and a few kind of 'embeddedness'. Unfortunately these factors are difficult to...