Issue 1

Luca Picariello
Workers learn from the tasks they perform, and in the process, they accumulate human capital that is potentially portable.

Bertrand Crettez, Rabia Nessah, Raluca Parvulescu
We introduce a form of consumers' bounded rationality, price similarities, in a duopoly market with price–quantity competition.

Marco Buso, Cesare Dosi, Michele Moretto
In a dynamic adverse selection setting with private information about stochastic consumer preferences, we study the pricing of franchise rights when the awarding government body has to balance between revenue collection and consumer welfare.

Jiawei Chen, Michael Sacks
To analyze how firms' policies to reimburse consumer switching costs affect prices, market structure, and welfare, we develop a dynamic duopoly model with network effects, switching costs, and switching cost reimbursement.

Dong Cheng, Michael A. Klein, Fuat Şener
Using comprehensive microdata from the Chinese Patent Survey, we examine the appropriation strategies that firms use to capture value from their innovations and assess the motivations underpinning these strategies.