Working papers
Defensive Specialization: Theory and Evidence from Mexico's Retail Sector (with Tommaso Bondi, Shreya Kankanhalli, and Miguel Angel Talamas Marcos) [August 2025]
Minority Traps [July 2022]
Music Reviews and Music Demand: Evidence from Pitchfork and Last.fm (with April Franco and Matthew Mitchell) [April 2021]
Price Matching Guarantees and Collusion: Theory and Evidence from Germany (with Niklas Duerr,
Dominik Schober and Oliver Woll) [Revised February 2021]
Search and Equilibrium Prices: Theory and Evidence from Retail Diesel (with Dominik Schober and Oliver Woll) [March 2019]
Standing on the Shoulders of Dwarfs: Dominant Firms and Innovation Incentives [Revised August 2018]
Staggered Contracts, Market Power, and Welfare [Revised September 2017]
Competitive Effects of Partial Control in an Input Supplier (with Duarte Brito and Helder Vasconcelos) [July 2016]
Spin-offs: Theory and Evidence from the Early U.S. Automobile Industry (with Zhu Wang) [July 2009]
Forthcoming papers
Notes on older working papers
The working paper
Amazon and the Evolution of Retail (with Tommaso Bondi) is superseded by the paper
Defensive Specialization: Theory and Evidence from Mexico's Retail Sector (with Tommaso Bondi, Shreya Kankanhalli, and Miguel Angel Talamas Marcos).
Same theory, but different industry and data.
The working paper Switching Costs and Equilibrium Prices ,
eventually led to two papers:
Small Switching Costs Lead to Lower Prices ,
published in the Journal of Marketing Research; and a more general framework, Dynamic Pricing in Customer Markets with Switching Costs , published in the Review of Economic Dynamics.
The paper "Multimarket Contact Under Imperfect Observability, With an Application to Umbrella Branding" (1998)
turned into "Optimal Brand Umbrella Size" (2007),
then into Umbrella Branding with Imperfect Observability and Moral Hazard , published in IJIO.
"Football, Sailing, and R&D: Dynamic Competition with Strategic Choice of Variance and Co-Variance."
This paper, winner of the longest-title award, was turned into two papers: R&D Competition When Firms Choose Variance ,
published in JEMS;
and Increasing Dominance With No Efficiency Effect , published in JET.
See the publications page for details.
A follow-up to these papers is Go for Broke or Play it Safe? Dynamic Competition with Choice of Variance , published in RJE.
"Entry Mistakes," CEPR Working Paper No. 1729, was published in EER under the title Simultaneous Entry and Welfare . I liked the old title better :(
"R&D Alliances as Non-cooperative Supergames," CEPR Working Paper No. 1439, was published in IJIO as R and D Cooperation and Product Market Competition .
"Learning to Compete and Vice-versa," Boston University's ISP Working Paper No. 39 (1992), was published in Econometrica as The Learning Curve, Market Dominance, and Predatory Pricing .
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