Is the reputation of a firm tradable when the change in ownership is observable? We consider a competitive market in which a share of owners must retire in each period. New owners bid for the firms that are for sale. Customers learn the owner's type, which reflects the quality of the good or...

We develop a model for two-sided markets with consumers and producers, who interact through a platform. Typical settings for the model are the market for smartphones with phone users, app producers, and smartphone operating systems; or the video game market with game players, video game...

Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...

Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...

Is the reputation of a firm tradeable when the previous owner has toretire even though ownership change is observable? The authors of this paper consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms...

This article examines the daily strategizing of buyers, taking the dyad to be the elementary unit of analysis in market dynamics. The ideas are revisited that dyadic market relationships converge towards loyalty (Kirman and Vriend), and that markets tend towards social or institutional...

If an intermediary offers sellers a platform to reach consumers, he may face a hold-up problem: sellers suspect that the intermediary will enter their respective market, competing with them. As sellers fear that they cannot recoup their sunk costs of entry, they do not join the platform. Hence,...

In his 2012 article, “Revisiting the Revisionist History of Standard Oil”, Christopher Leslie takes issue with John McGee's work on predatory pricing and its influence on antitrust law and scholarship. Leslie claims McGee's analysis was methodologically flawed, ideologically motivated, but...

Starting in 2013, authors of copyrighted work and their successors will be able to terminate every assignment and license 35 years after execution. These termination rights are inalienable and are expected to have a substantial impact on some industries, and in particular, the music...

We study the effect of congestion on monopoly second-degree price discrimination. We provide three results. First, with congestion, the firm does not always provide distinct contracts (i.e., it is not always optimal to price discriminate) and it is more likely for the low-valuation buyer to be...