In this article, Steven Salop and Carl Shapiro describe Professor Jean Tirole’s Nobel prize-winning contributions to the development of competition policy and regulation. The authors focus on how Tirole’s work has influenced competition policy, especially in the United States and the European Union. To read the article, click the link below.
How capacity constraints shape unilateral price effects in horizontal mergers
Examples include hospitals with a fixed number of beds, and hotels with a fixed number of rooms. In the article “Unilateral Price Effects in Horizontal...