Online marketing tools can give firms the opportunity to gain visibility but what impact do they have on competitiveness and as a result, the consumer?
Crowdfunding campaigns display their funding progress in real-time, but is that wise? And how does this affect entrepreneurs’ pricing and goal choices and the welfare that results?
Renjie Bao, Jan De Loecker, and Jan Eeckhout build and estimate a structural model that decomposes the origins of manager pay into those that are due to market power and those due to firm size.
This article looks at the equilibrium effects of enhancing competition for procurement contracts in prices and execution quality. By focusing on the U.S. Department of Defense, the authors provide empirical evidence on this trade-off to later develop an equilibrium model of competition for contracts.