Retailers colocate with rivals to take advantage of economies of agglomeration even though
colocation implies greater competition. Using data on all new car transactions registered in …

Behavioral economists have proposed that loss-averse employees increase productivity
when bonuses are" loss framed"—prepaid then clawed back if targets are unmet. We …

I develop and estimate a model of pricing and advertising decisions of new car
manufacturers and dealers. The model highlights a selling effort externality between dealers …

This paper provides novel empirical evidence on the causal link between consolidation and
political influence. Focusing on the auto retail industry, we show that mergers lead to higher …

Abstract In the Milgrom‐Roberts's advertising model, introducing the possibility to die before
customers' repurchase alters the firm's advertising incentive to signal hidden product quality …

Distracted driving is a leading contributor to road crashes. Distractions can be caused by
devices integrated within the vehicle itself or mobile phones. There is limited regulation of …

This paper studies the advertising response of incumbents to the entry of craft brewers in the
US beer industry. Exploiting changes in local beer legislation and spatial variation across TV …

In this article, we study the effect of differentiation on firms' optimal investments in advertising
and product quality in the specific context of the motion picture industry. To guide our …

This paper estimates how beer franchise laws and their interaction with restrictions on
vertical integration between manufacturing and wholesaling impacted US craft brewers' …

Abstract In Milgrom-Roberts (1986)'s model, introducing the possibility to die before
customers' repurchase alters the firm's advertising incentive to signal hidden product quality …