This article reviews an emerging body of evidence on relational contracts, defined as
informal arrangements sustained by the value of future interactions. We focus on developing …

Firms facing complex objectives often decompose the problems they face, delegating
different parts of the decision to distinct subunits. Using comprehensive data and internal …

Over 30m US adults do not use formal consumer credit. How many of these are inefficiently
excluded because they lack a credit history or have a poor credit score? We develop a …

We construct a new unified panel dataset that combines route-year-level freight rates with
shipping quantities for the six major routes and industry-year-level newbuilding …

Equilibrium multiplicity in dynamic games: Testing and estimation | The Econometrics Journal
| Oxford Academic Skip to Main Content Advertisement Oxford Academic Journals Books …

This paper empirically examines competition between supermarkets, treating it as a dynamic
discrete game between heterogeneous firms. We focus on the overall impact of Wal-Mart's …

This paper presents a new approach to modeling transitional dynamics in dynamic models
of imperfect competition, a crucial yet often neglected aspect of empirical models in …

Firms compete for clients, creating distributions of market shares ranging from domination by
a few giant companies to markets in which there are many small firms. These market …

This thesis studies the deployment of an algorithmic pricing tool, Smart Pricing (SP), on
Airbnb's platform. SP is a machine learning algorithm that uses past data to predict demand …

In dynamic discrete choice models, some parameters, such as the discount factor, are being
fixed instead of being estimated. This paper proposes two sensitivity analysis procedures for …