Economic agents are not always rational or farsighted and can make decisions according to
simple behavioral rules that vary according to situation and can be studied using the tools of …

This chapter surveys the literature on behavioral industrial organization, covering four broad
topics:(1) how rational firms interact with consumers who make systematic mistakes in …

This chapter overviews productivity research from an industrial organization perspective. We
focus on what is known and what still needs to be learned about the productivity levels and …

This paper studies equilibrium selection in the retail gasoline industry. We exploit a unique
dataset that contains the universe of station-level prices for an urban market for 15 years …

With the cooperation of a large mobile service provider, we conduct a novel field experiment
that simultaneously randomizes the prices of two competing movie theaters using mobile …

This paper evaluates changes in electricity generation costs caused by the introduction of
market mechanisms to determine production in the United States. I use the staggered …

Oligopoly models of price competition predict that strategic firms exercise market power and
generate inefficiencies. However, heterogeneity in firms' strategic ability also generates …

Despite the historic prevalence of industrial policy and its current popularity, few empirical
studies directly evaluate its welfare consequences. This paper examines an important …

The 2009 CARD Act limited credit card lenders' ability to raise borrowers' interest rates on
the basis of information learned during lending relationships. This paper estimates the …

In this paper we study the role of industrial policy in shaping the evolution of a global
industry. We assess the long-term performance of different policy instruments, which include …