Competition and consumer search costs can lead to price dispersion in an oligopoly. IO
research has long identified the existence of search costs and estimated their distribution …

We use a field experiment to study price discrimination in a market with price posting and
negotiation. Motivated by concerns that low-income consumers do poorly in markets with …

Despite a heated debate on the complexity of financial regulation, a comprehensive
framework to study regulatory complexity is lacking. We propose one inspired by the …

Workhorse economic models used for studying the market impacts of search frictions
assume constant search costs: individuals pay the same cost to obtain price information …

A chained price index is said to suffer from chain drift bias, if it indicates an overall price
change, even though the prices and quantities in the current period have reverted back to …

Some suppliers prohibit their distributors from advertising on search engines if the consumer
searches for the supplier's brand name. Such restrictions are referred to as “non-brand …

We focus on markets with frictions, such as transaction costs, asymmetric information, search
and matching frictions. We discuss how such frictions affect allocations, favor the emergence …

This paper represents a synthesis and extension of earlier work, applying the Lehr & Sicker
(2018a, b) regulatory approach to the layered platform model of Claffy & Clark. 3 Today's …

We investigate the Italian fuel market after an asymmetric transparency rule the came into
force allowing gas stations to conceal some price cuts on the governmental price …

A chained price index is said to suffer from chain drift bias if it indicates an overall price
change, even though the prices and quantities in the current period have reverted back to …