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Matching and Price Competition     Matching  Price Competition       2015/7/21
We develop a model in which firms set impersonal salary levels before matching with workers. Wages fall relative to any competitive equilibrium while profits rise almost as much, implyin...
Generic drugs comprise an increasing share of total prescriptions dispensed in the U.S., rising from nearly 50% in 1999 to 75% in 2009. The generic drug market has typically been viewed at the wholesa...
The relationship between the number of Örms and price competition is a central issue in economics. To explore this relationship, we modify Varianís (1980) model and assume that Örms are priv...
The failure of competition and the consequent high and sticky interest rates in credit card markets have recently been the subject of considerable debate and research. This paper presents the first re...

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