Issue 3

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September 2008
Articles: 

INNOVATION AND COMPETITIVE PRESSURE

I analyze the effects of competition on process innovation and product introduction and obtain robust results that hold for a range of market structures and competition modes.

EFFECTS OF TECHNOLOGY ADOPTION ON PRODUCTIVITY AND INDUSTRY GROWTH: A STUDY OF STEEL REFINING FURNACES

This paper examines the impact of new technology on plant-level productivity in the Japanese steel industry during the 1950's and 1960's.

DISTANCE, BANK HETEROGENEITY AND ENTRY IN LOCAL BANKING MARKETS

We examine the determinants of entry into Italian local banking markets during the period 1991–2002 and build a simple model in which the probability of branching in a new market depends on the featur

PRODUCT VARIETY AND DEMAND UNCERTAINTY: WHY MARKUPS VARY WITH QUALITY

We demonstrate that demand uncertainty can explain equilibrium product variety in the presence of sunk costs.

MERGERS WITH BUNDLING IN COMPLEMENTARY MARKETS

This paper develops a simple model to analyze the effects of mergers in complementary system markets when the merged firm is able to engage in bundling.

DO ROCKETS RISE FASTER AND FEATHERS FALL SLOWER IN AN ATMOSPHERE OF LOCAL MARKET POWER? EVIDENCE FROM THE RETAIL GASOLINE MARKET

This study explores the possibility that local market power influences the observed asymmetric relationship between changes in wholesale gasoline costs and changes in retail gasoline prices.

RETAIL GASOLINE PRICE DYNAMICS AND LOCAL MARKET POWER

Using monthly data from the 48 contiguous states (except Nevada) for the 1988–2002 period, it is shown that retail gasoline prices respond faster to wholesale price increases than to equivalent wholes

ASYMMETRIC DYNAMIC PRICING IN A LOCAL GASOLINE RETAIL MARKET

Asymmetric-price adjustment is a common phenomenon in many markets around the world, particularly in retail gasoline markets.

PRICE DISPERSION AND COMPETITION WITH DIFFERENTIATED SELLERS

I measure price dispersion among differentiated retail gasoline sellers and study the relationship between dispersion and the local competitive environment.

SOFTENING COMPETITION BY INDUCING SWITCHING IN CREDIT MARKETS: A CORRECTION

Notes: 

ARE DISADVANTEGED BIDDERS DOOMED IN ASCENDING AUCTIONS?

Marco Pagnozzi

A bidder is said to be advantaged if she has a higher expected valuation of the auction prize than her competitor.