Issue 4

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December 2018
Articles: 

Testing Alternative Learning Theories: Evidence from Subscription Contracts

Analyzing panel data of 32,650 checking-account holders facing a menu of three-part tariff contracts, we document several findings that indicate that subscribers use simple heuristics to learn about t

Sincerest Form of Flattery? Product Innovation and Imitation in the European Automobile Industry

I study the impact of imitation on the returns to technological innovation when products are differentiated.

Off-Label Use of Pharmaceuticals: A Detection Controlled Estimation Approach

We identify the rate of off-label use of prescription drugs in the United States during 1993-2008 using Detection Controlled Estimation. We find the rate rises from 29.9% to 38.3% during this period.

Real-time versus day-ahead market power in a hydro-based electricity market

This paper develops a theoretical framework to analyze the link between real-time and dayahead competition in a hydro-based wholesale electricity market.

Effectiveness of Merger Remedies: Evidence from the Retail Gasoline Industry

This article assesses the impact of a merger in a retail gasoline industry and evaluates the effectiveness of outlet divestitures as remedies.

The Welfare Consequences of Mergers with Endogenous Product Choice

Merger simulations focus on the price changes that may occur once previously independent competitors set prices jointly and other market participants respond.