Browsing by Subject "L13"
Now showing items 1-2 of 2
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(Mis)Allocation, Market Power, and Global Oil Extraction
(American Economic Review, 2019-04-01)© 2019 American Economic Association. All Rights Reserved. We propose an approach to measuring the misallocation of production in a market that compares actual industry cost curves to undistorted (counterfactual) supply ... -
“Nash-in-Nash” Bargaining: A Microfoundation for Applied Work
(2019-02-01)© 2019 by The University of Chicago. All rights reserved. A “Nash equilibrium in Nash bargains” has become a workhorse bargaining model in applied analyses of bilateral oligopoly. This paper proposes a noncooperative foundation ...