We estimate a bargaining model of competition between hospitals and managed care
organizations (MCOs) and use the estimates to evaluate the effects of hospital mergers. We …

How does advertising influence consumer decisions and market outcomes? We utilize
detailed data on consumer shopping behavior and choices over bank accounts to …

Brands and brand capital have long been theorized to play an important role in the formation
of the industrial market structure of consumer goods industries. We summarize several …

This article analyses the dynamic spatial equilibrium of taxicabs and shows how common
taxi regulations lead to substantial inefficiencies as a result of search frictions and mis …

We study patterns of behavior in bilateral bargaining situations using a rich new data set
describing back-and-forth sequential bargaining occurring in over 25 million listings from …

We examine the relationship between concentration and price dispersion using variation
induced by a merger in the Canadian mortgage market. Since interest rates are determined …

This paper analyzes the dynamic spatial equilibrium of taxicabs and shows how common
taxi regulations lead to substantial inefficiencies. Taxis compete for passengers by driving to …

We estimate a model of illicit drugs markets using data on purchases of crack cocaine.
Buyers are searching for high-quality drugs, but they determine drugs' quality (ie, their purity) …

Consumer goods industries tend to be dominated by a small number of nationally-branded
goods. In many cases, brands are one of the few sources of differentiation between …

It is usually difficult for patients to compare out-of-pocket prices for medical services. What
are the implications for prices and welfare? In order to understand the effects of price …