This article reviews an emerging body of evidence on relational contracts, defined as
informal arrangements sustained by the value of future interactions. We focus on develo** …

Twenty years ago, there were all but a handful of scholarly studies published about the
economics of the motion picture industry. Over the first decade of the new millennium, this …

This article considers the recent literature on firm markups in light of both new and classic
work in the field of industrial organization. We detail the shortcomings of papers that rely on …

We empirically assess the implications of the common ownership hypothesis from a
historical perspective using the set of S&P 500 firms from 1980 to 2017. We show that the …

We present a mechanism based on managerial incentives through which common
ownership affects product market outcomes. Firm-level variation in common ownership …

African agricultural markets are characterized by low farmer revenues and high consumer
food prices. Many have worried that this wedge is partially driven by imperfect competition …

The impact of insurer competition on welfare, negotiated provider prices, and premiums in
the US private health care industry is theoretically ambiguous. Reduced competition may …

The chapter has ten sections, which cover the theory of two-sided markets and related
empirical work. Section 1 introduces the reader to the literature. Section 2 covers the case of …

Mortgage brokers acting as expert advisors for households often receive commission
payments from lenders. This paper analyzes the effects on welfare and market structure of …

A new and urgently needed guide to making the American economy more competitive at a
time when tech giants have amassed vast market power. The US economy is growing less …