Source Themes

Mergers, Foreign Entry, and Jobs: Evidence from the U.S. Appliance Industry

Proponents of industrial policy argue that merger control should consider domestic employment. I propose a model to assess how a product market merger affects rival product entry, consumer welfare, and domestic employment. Firms endogenously decide …

Does tax policy work when consumers have imperfect price information? Theory and evidence

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 search model that has two key predictions. First, the larger the number of …

Whom to inform about prices? Evidence from the German gasoline market

When is informing consumers about prices most effective at increasing competition? We combine a theoretical model of imperfect information with empirical evidence to show how the effect of informing consumers about prices depends on how well informed …

Preserving contestability in the data economy

Data-driven digital products are becoming ubiquitous, traditional markets are rapidly becoming digitised and a handful of tech companies have come to dominate digital markets. This development has sparked a debate about whether competition …