In this article, Michael Salinger shows how a dominant firm that faces competition for part but not all of its market can maintain prices above competitive levels by offering cliff discounts with a threshold that allocates some market share to its competitors. To read more, click the link below.
Occupational dualism and intergenerational educational mobility in the rural economy: evidence from China and India
Yajing Jiang and her coauthors study the intergenerational educational mobility in developing economies. Using data sets that are free from the well-known...