Search

Showing 15,661-15,680 of 18,098 items.

Competition in Pricing Algorithms

By Zach Y. Brown and Alexander MacKay

American Economic Journal: Microeconomics, May 2023

We document new facts about pricing technology using high-frequency data, and we examine the implications for competition. Some online retailers employ technology that allows for more frequent price changes and automated responses to price changes by riva...

Complementary Bidding and the Collusive Arrangement: Evidence from an Antitrust Investigation

By Robert Clark, Decio Coviello, and Adriano De Leverano

American Economic Journal: Microeconomics, May 2025

Clustered bids and a missing mass of nearly tied bids have both been proposed as markers of collusion. We present causal empirical evidence from an actual procurement cartel that bidding involves both clustering and a gap around the winning bid. We suppor...

Persistent Protests

By Sofia Correa

American Economic Journal: Microeconomics, May 2025

A continuum of citizens with heterogeneous opportunity costs participates in a protest with well-defined demands. As long as the government doesn't concede, it pays a cost increasing in time and participation. Citizens who are part of the victory team enj...

Severance Pay in an Optimal Contract

By Borys Grochulski, Russell Wong, and Yuzhe Zhang

American Economic Journal: Microeconomics, May 2025

We study the incentive role of severance compensation. In a canonical principal-agent model, we introduce exogenous job destruction risk and show that compensation following job destruction can reduce overall incentive costs. To mitigate the risk of ineff...