This paper considers three hypotheses about the strategic origin of price dispersion in homogeneous product online … median. However, the shape of the observed price distributions is not explained well by any of the models. These results pose … new challenges for theoretical explanations of observed Internet prices …

We provide a novel theory of harm for resale price maintenance (RPM). In a model with two manufacturers and two … retail margins. This restricts the wholesale price level even when the manufacturers collude. RPM allows colluding …

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

, in the current US pricing system, the price of the drug is the same regardless of the indication for which it is … prescribed. This uniform pricing policy can deter the payer from providing coverage for low-value indications, if the price is … new pricing mechanism for multi-indication drugs allowing the price to differ according to the indication, to better align …

in the daily retail price for gasoline (taxes excluded) for the period 1996-2004 taking care of volatility clustering by … estimating an EGARCH model. It turns out the volatility process is asymmetrical: an unexpected increase in the producer price has … a larger effect on the variance of the producer price than an unexpected decrease. We do not find strong evidence for …