Industrial Organization

Market Power and Efficiency (2011)

Abstract: We focus on theories describing the relationship between market power and efficiency. Special attention is paid to the 'quiet life' hypothesis and the efficient structure hypothesis. Being antithetical conjectures, these propositions illustrate the large variability and ambiguity in current research done on market power and efficiency. Indeed, our perusal of the literature suggests there is no consensus theory of the relationship in question. Nevertheless, due to the deregulatory laws passed over the half-century this area remains an important part of economic inquiry.

Structural Econometric Modeling in Industrial Organization (2011)

Abstract:  This paper introduces the notion of structural econometric modeling in the context of Industrial Organization research. Moreover, it provides a framework within which structural modeling is usually conducted. Furthermore, this introduction clarifies some of the major weaknesses of modern empirical research. 

Locating Geographically (2010)

There is a great deal of theory in the field of competitive markets as to how perfect competition determines the most advantageous locations for firms to locate. In this paper we will digress from this line of thought and consider the profit maximizing locations for a monopolist with a finite territory is examined. We will show that in contrast to the clustering effect posed by Hotelling in his famous 1929 Stability in Competition paper, monopolists choose to locate their stores as evenly as possible along the domain over which they have monopolistic control.