Papers
Oligopoly, Complementarities, and Transformed Potentials (with Nicolas Schutz)
NEW DRAFT (July 30, 2025)
Oligopoly, Complementarities, and Transformed Potentials (with Nicolas Schutz)
NEW DRAFT (July 30, 2025)
Concentration Indices, Welfare Distortions, and Misallocation in Oligopoly (with Nicolas Schutz)
NEW PAPER (March 3, 2025)
Private Monitoring and Collective Reputation (with Roland Strausz)
COMING SOON
Optimal Merger Remedies (with Andrew Rhodes)
COMING SOON
Gravity with Granularity (with Holger Breinlich, Harald Fadinger, and Nicolas Schutz)
NEW DRAFT (September 12, 2024)
Acquihiring for Monopsony Power (with Heski Bar-Isaac and Justin Johnson)
Management Science. 2025, vol. 71(4), 3485--3496.
JUST PUBLISHED
An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly (with Nicolas Schutz) Additional material: Online Appendix
Forthcoming, RAND Journal of Economics.
FORTHCOMING
Consumer Search, Steering, and Choice Overload (with Patrick Rey)
Journal of Political Economy, 2024, vol. 132(5), 1684-1739.
An earlier version was circulated under the title Consumer Search and Choice Overload.
Advances in Horizontal Merger Analysis
A chapter prepared for the Econometric Society monograph Advances in Economics and Econometrics: Twelfth World Congress, Cambridge University Press.
FORTHCOMING
Collective Brand Reputation (with Roland Strausz)
Journal of Political Economy, 2023, vol. 131(1), 1-58 (lead article).
Concentration Thresholds for Horizontal Mergers (with Michael D. Whinston)
American Economic Review, 2022, vol. 112(6), 1915-1948.
An earlier version was circulated under the title Concentration Screens for Horizontal Mergers.
Collusion, Mergers, and Related Antitrust Issues (with John Asker)
In: The Handbook of Industrial Organization, Vol. 5, 2021, North Holland.
Merger Policy in a Quantitative Model of International Trade (with Holger Breinlich and Nicolas Schutz)
Economic Journal, 2020, vol. 130(2), 393-421. Additional material: Online Appendix
Internal vs. External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy (with Ben Mermelstein, Mark Satterthwaite and Michael D. Whinston)
Journal of Political Economy, 2020, vol. 128(1), 301-341. Additional material: Online Appendix
Exclusive Dealing and Vertical Integration in Interlocking Relationships (with Patrick Rey)
Journal of Economic Theory, 2018, vol. 177, 183-221.
Multiproduct Firm Oligopoly: An Aggregative Games Approach (with Nicolas Schutz)
Econometrica, 2018, vol. 86(2), 523-557. Additional material: Online Appendix
Quasi-Linear Integrability (with Nicolas Schutz)
Journal of Economic Theory, 2017, vol. 169, 603-628. Additional material: Addendum
When and How the Punishment Must Fit the Crime (with George J. Mailath and Lucy White)
International Economic Review, 2017, vol. 58(2), 315-330. Lead Article.
International Aspects of Merger Policy: A Survey (with Holger Breinlich and Nicolas Schutz)
International Journal of Industrial Organization, 2017, vol. 50, 415-429. (EARIE Special Issue.)
Globalization and Multiproduct Firms (with Stephen Yeaple)
International Economic Review, 2014, vol. 55(4), 993-1018.
Vertical Relations under Credit Constraints (with John Thanassoulis)
Journal of the European Economic Association, 2014, vol. 12(2), 337-367.
Merger Policy with Merger Choice (with Michael D. Whinston)
American Economic Review, 2013, vol. 103(2), 1006-1033.
Advance-Purchase Discounts as a Price Discrimination Device (with Martin Peitz and Frank Rosar)
Journal of Economic Theory, 2011, vol. 146(1), 141-162.
Dynamic Merger Review (with Michael D. Whinston)
Journal of Political Economy, 2010, vol. 118(6), 1200-1251.
Competition for Scarce Resources (with Peter Eso and Lucy White)
RAND Journal of Economics, 2010, vol. 41(3), 524-548.
Vertical Merger, Collusion and Disruptive Buyers (with Lucy White)
International Journal of Industrial Organization, 2010, vol. 28(4), 350-354. (EARIE Special Issue.)
An Assignment Theory of Foreign Direct Investment (with Stephen Yeaple)
Review of Economic Studies, 2008, vol. 75(2), pp. 529-557.
Platform Ownership (with Martin Peitz and Konrad Stahl)
Journal of the European Economic Association, 2007, vol. 5(6), pp. 1130-1160.
Do Vertical Mergers Facilitate Upstream Collusion (with Lucy White)
American Economic Review, 2007, vol. 97(4), pp. 1321-1339.
Collusion and Dynamic (Under-)Investment in Quality
RAND Journal of Economics, 2007, vol. 38(1), pp. 227-249.
Cross-Border Mergers and Acquisitions versus Greenfield Foreign Direct Investment: The Role of Firm Heterogeneity (with Stephen Yeaple)
Journal of International Economics, 2007, vol. 72(2), pp. 336-365.
A Gap for Me: Entrepreneurs and Entry
Journal of the European Economic Association, 2006, vol. 4(5), pp. 929-956.
Firm Turnover in Imperfectly Competitive Markets (with Marcus Asplund)
Review of Economic Studies, 2006, vol. 73(2), pp. 295-327.
Business Strategy, Human Capital, and Managerial Incentives (with George J. Mailath and Andrew Postlewaite)
Journal of Economics & Management Strategy, 2004, vol. 13(4), pp. 617-633.
Hyperbolic Discounting and Secondary Markets (with Martin Peitz)
Games and Economic Behavior, 2003, vol. 44(1), pp. 77-97.
Monopolisation and Industry Structure
Economics Working Paper 2000-W27, Nuffield College, Oxford.
Cartel Stability under Capacity Constraints: The Traditional View Restored
STICERD Discussion Paper EI/23, London School of Economics.