Kohei Kawaguchi, Naomi Kodama, Hiroshi Kumanomido, Mari Tanaka This study examines whether survey data on the expectations of small business managers can help evaluate two high-stake subsidies for firms amid the COVID-19 crisis in Japan, namely, Subsidy Program for Sustaining Businesses (SPSB) and Employment Adjustment Subsidy (EAS).
Gianluca Antonecchia, Ajay Bhaskarabhatla How do firms compete when all firms in an industry set identical prices? Using Nielsen data on India's biscuit manufacturers, we document productivity-based competition on nonprice strategies under industry-wide uniform pricing.
Enrique Andreu, Damien Neven, Salvatore Piccolo, Roberto Venturini We characterize the degree of price authority that competing upstream principals award their downstream agents in a setting where these agents own private information about demand and incur nonverifiable distribution costs.
Marc Bourreau, Rafael C. de M. Ferraz, Yann Ménière We study the interaction between the holder of a standard-essential patent (SEP) and two downstream firms using the patented technology to design standard-compliant products.
Marco Buso, Luciano Greco The government may delegate two sequential tasks (e.g., building and operating an infrastructure) to the same or different agents (i.e., partnership vs. sequential contracts). Agents are risk-neutral but face financial constraints, whereas the government's contractual capacity may be limited by the renegotiation-proofness and fiscal constraints.
Andrea Essl, Frauke von Bieberstein, Michael Kosfeld, Markus Kröll We use an incentivized experimental game to uncover heterogeneity in social preferences among salespeople in a large Austrian retail chain.
Aurélie Bonein, Stéphane Turolla Motivated by recent research on product differentiation, we conduct laboratory experiments to study how demand uncertainty influences firms' incentives to differentiate.