The benefits of dynamic pricing methods have long been known in industries, such as
airlines, hotels, and electric utilities, where the capacity is fixed in the short-term and …

This chapter reviews the theory and empirical literature on physician market power,
behavior, and motives, referred to collectively as the issue of “physician agency.” The …

Machine learning (ML) and artificial intelligence (AI) have been around for many years.
However, in the last five years, remarkable progress has been made using multilayered …

ABSTRACT New York City is the hot spot of the COVID-19 pandemic in the United States.
This paper merges information on the number of tests and the number of infections at the …

Information Goods--from movies and music to software code and stock quotes-have
supplanted industrial goods as the key drivers of world markets. Confronted by this New …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

Economics has much to do with incentives--not least, incentives to work hard, to produce
quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this …

Switching costs and network effects bind customers to vendors if products are incompatible,
locking customers or even markets in to early choices. Lock-in hinders customers from …

Import prices typically change by a smaller proportion than the exchange rate between the
exporting and importing country. Recent research indicates that common-currency relative …

Online shops could offer each website customer a different price. Such personalized pricing
can lead to advanced forms of price discrimination based on individual characteristics of …