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On Dynamic Pricing

By Ilia Krasikov and Rohit Lamba

American Economic Journal: Microeconomics

This paper builds a theory of dynamic pricing for the sale of timed goods. The main friction is private and evolving valuation of the buyer prior to the date of consumption, which follows a Poisson process. A combination of membership fee and continuous...

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...