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 …

Prices rise like rockets but fall like feathers. This stylized fact of many markets is confirmed
by many empirical studies. In this article, I develop a model with competitive firms and …

“Facts Up Front” nutrition labels are a front-of-package (FOP) nutrition labeling system that
presents key nutrient information on the front of packaged food and beverage products in an …

How does online price disclosure affect competition when both consumers and firms can
use the disclosed information? This paper addresses this question exploiting the sequential …

Energy models play an increasing role in the ongoing energy transition processes either as
tools for forecasting potential developments or for assessments of policy and market design …

The well-known double marginalization problem understates the inefficiencies arising from
vertical relations in consumer search markets where consumers are uninformed about the …

Limited information is the key element generating price dispersion in models of
homogeneous‐goods markets. We show that the global relationship between information …

We investigate how the pass-through rate of commodity taxes depends on competition in a
setting where consumers have imperfect information about prices. We use a theoretical …

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 …

This paper develops direct tests for search behavior in retail gasoline markets. We exploit a
unique market‐level dataset that allows us to directly measure search intensity with daily …