Publications

Selected Publications

Opaque Selling ( with Levent Celik), 2019

Media See-saws:Winners and Losers in Platform Markets ( with Martin Peitz), 2019;Forthcoming , Journal of Economic Theory

Aggregative Games and Oligopoly Theory: Short-run and Long-run Analysis (with Nisvan Erkal and Daniel Piccinin), 2019. Forthcoming, RAND Journal

PRICE DISCRIMINATION IN THEINFORMATION AGE: PRICES, POACHING, AND PRIVACY WITH PERSONALIZED TARGETED DISCOUNTS (with Alicia Baik and Nathan Larson),  - CEPR DP13739 , 2019

Decoupling the CES distribution circle with quality and beyond: equilibrium distributions and the CES-Logit nexus (with André de Palma), 2019, Forthcoming, Economic Journal

Discrete Choice Theory of Product Differentiation  (with A. de Palma and J.F.Thisse) MIT Press  1992

Oligopolistic Competition and the Optimal Provision of Products  (with A. de Palma and Y. Nesterov)  Econometrica, 63(6), 1281–1301, 1995

Rent Seeking with Bounded Rationality: An Analysis of the All-Pay Auction (with J. Goeree and C. Holt) Journal of Political Economy, 106(4), 828–853, 1998

 Market Provision of Broadcasting: A Welfare Analysis (with Stephen Coate), Review of Economic Studies, 72(4), 947–972, 2005

 Advertising Content  (with Regis Renault), American Economic Review, 96(1), 93–113, 2006

Handbook of Game Theory and Industrial Organization, Luis Corchon and Marco Marini eds, Edward Elgar, 2017

Firm Pricing with Consumer Search with Régis Renault

Media market concentration advertising levels and ad prices  (with Øystein Foros, Hans Jarle, Kind Martin Peitz) International Journal of Industrial Organization (2012) 30(3) 321-325.

Advertising: the Persuasion Game (with Régis Renault)

The Advertising Mix for a Search Good  (with Régis Renault) CEPR paper 8756 Discussion Paper. Management Science, (2013), 59(1), 69-83

Media Mergers and Media Bias with Rational Consumers (Figures or Figures: long version) Extended version  (Figures) (with John McLaren)

Information Congestion: open access in a two-sided market  Figures (with Andre de Palma) April 2007

Entry on Product Differentiation for New Palgrave Dictionary   Thanks to Emily Blanchard, Maxim Engers, Sanjay Jain, and Cat Tyler for their comments.

Market Performance with Multiproduct Firms (Figures) (with Andre de Palma)  Journal of Industrial Economics 54 (1) 95–124 March 2006

Market Provision of Broadcasting: A Welfare Analysis (with Stephen Coate)  Review of Economic Studies 72 (4) 947–972 October 2005; March 2004 Paper (Figures) January 2005 Paper (Figures)  Earlier Version

Participation Games: Market Entry Coordination and the Beautiful Blonde (with Maxim Engers) Journal of Economic Behavior and Organization (2007) 63(1) 120-137

The Economics of Pricing Parking (with Andre de Palma) Journal of Urban Economics (2004) 55(1) 1-20

Efficiency and Surplus Bounds in Cournot Competition (with Regis Renault) Journal of Economic Theory 113 (2) 253-264 Dec 2003 short version or long version-with figures

Price discrimination in transportation figures (in French) (with Regis Renault) "Tarification Discriminante" in La Tarification des Transports: enjeux et defies Ch.5 107-151 Eds. A. de Palma and E. Quinet Economica Paris.

Price Discrimination figures (with Regis Renault)  Handbook in Transport Economics Ch.4 527-560 Eds. Edward Elgar, A.de Palma,R. Lindsey, E. Quinet and R. Vickerman

Advertising Content (with Regis Renault) American Economic Review (2006) 96(1) 93-113

International Pricing with Costly Consumer Arbitrage (with Victor Ginsburgh) Review of International Economics (1999) 7(1) 126-139.

Noisy Directional Learning and the Logit Equilibrium  (with Jacob Goeree and Charles Holt) Scandinavian Journal of Economics festschrift for Reinhard Selten (2004) 106(3) 581-602

Regulation of television advertising  Ed. Paul Seabright The Economic Regulation of Broadcasting Markets  Cambridge University Press (2007) 189-224 

The Media and Advertising: a tale of two-sided markets tables (with Jean J. Gabszewicz) in Handbook of the Economics of Art and Culture (2006) Eds. Victor Ginsburgh and David Throsby Elsevier; North Holland CEPR Discussion Paper 5223

Consumer Surplus and Producer Surplus (with Maxim Engers) Articles for International Encyclopedia of the Social Sciences 2nd Ed (2007) Ed. William A. Darity Jr

Platform Siphoning: Ad-Avoidance and Media Content (with Joshua Gans) CEPR Discussion Papers 7729. American Economic Journal: Microeconomics (2011) 3(4): 1–34

Spatial Modeling in Transportation (with Wesley W. Wilson) Handbook of Transportation Policy and Administration Ed. Jeremy F. Plant Pennsylvania State University Harrisburg (2007) 255-280

Comparative Advertising: Disclosing Horizontal Match Information-long version figures (with Régis Renault)  RAND Journal of Economics (2009) 40(3) 558-581

Differentiated Products International Trade and Simple General Equilibrium Effects (with Nicholas Schmitt) Eds. G. Dow, A. Eckert , Doug West  Essays in honor of Curt Eaton  University of Toronto Press. (2010) Ch 7 136-59

Competition for Attention in the Information (Overload) Age (with Andre de Palma) CEPR Discussion Paper 7286 RAND Journal of Economics (2012) 43(1): 1-25.

The ABC of complementary products mergers (with Simon Loertscher and Yves Schneider) Economics Letters (2010) 106(3) 212-215

 Spatial Competition Pricing And Market Power in Transportation: A Dominant Firm Model  Figures  (with Wesley W. Wilson) Journal of Regional Science (2008) 48(2) 367-397

Information Content of Advertising: Empirical Evidence from the OTC Analgesic Industry  (with Federico Ciliberto and Jura Liaukonyte) International Journal of Industrial Organization (2013) 31(5) 355-367

Getting into Your Head(ache): Advertising Content for OTC Analgesics (previous version)

Shouting to be Heard in Advertising (with Andre de Palma) Management Science February 2013

Advertising and the Internet  Handbook of Digital Economics Eds. M. Peitz and J. Waldfogel Ch. 14  355-399

Oligopoly and Luce’s Choice Axiom (with Andre de Palma) Regional Science and Urban Economics Regional Science and Urban Economics 42 (2012) 1053-1060

Aggregative Oligopoly Games with Entry (with Nisvan Erkal and Daniel Piccinin)

Competition for Advertisers and for Viewers in Media markets ( Oystein Foros and Hans Jarle Kind

Personalized Pricing and Advertising: An Asymmetric Equilibrium Analysis

PRODUCT LINE DESIGN (Long Version) (shorter version) (with Levent Celik)

Market Power in Transportation: Spatial Equilibrium under Bertrand Competition    (Figures) (with Wesley W. Wilson)

Economic Distributions and Primitive  Distributions in Monopolistic Competition (with André de Palma)

Publications

Selected Publication

“Aggregate Unemployment and Household Unsecured Debt” (with G. Rocheteau and P. Rupert), Review of Economic Dynamics (Special Issue on Money, Credit, and Financial Frictions), 2015

Frictional Goods Markets: Theory and Applications (with  Michael Choi, University of California, Irvine and Randall Wright, Zhejiang University, University of Wisconsin-Madison and FRB Minneapolis) Posted in Review of Economic Studies, September 9, 2019

Publications

• "Producer Surplus", (with Simon Anderson) International Encyclopedia of the Social Sciences (2nd edition), forthcoming;
• "Charity Auctions," (with Brian McManus), International Economic Review, Vol. 48, August 2007; 
• "Participation games: Market entry, coordination, and the beautiful blonde," (with Simon Anderson),  Journal of Economic Behavior and Organization, Vol. 63, May 2007;  
• "R&D Policy with International Spillovers," (with Shannon Mitchell), European Economic Review, Vol. 50, October 2006.

Publications

• "The Social Security Earnings Test and the Labor Supply of Older Men," Tax Policy and the Economy, Volume 12, National Bureau of Economic Research, 1998;
• "Did Unilateral Divorce Raise Divorce Rates? Evidence from Panel Data," American Economic Review, Volume 88 (3), 608-627, June 1998;
• "The Effect of Old Age Assistance on Retirement," Journal of Public Economics, Volume 71 (2), 213-232, February 1999;
• "The Labor Supply Effects of the Social Security Earnings Test," The Review of Economics and Statistics, Volume 82 (1), 48-63, February 2000.

Publications

Selected Publications

• “An Experimental Analysis of Asymmetric Power in Conflict Bargaining,” (with K. Sieberg, D. Clark, T. Norstrom, W. Reed) Games and Economic Behavior,  2013, 4(3), 375-397.
• “A Reverse Auction for Toxic Assets,” (with O. Armantier and C. Plott) forthcoming, in American Economic Jouranl: Microeconomics, November, 2013.
• “Hierarchical Package Bidding: A Paper & Pencil Combinatorial Auction,” (with Jacob Goeree) Games and Economic Behavior, 70, September 2010, 146-169.
• “Assessment and Estimation of Risk Preferences” (with Susan Laury), Handbook of the Economics of Risk and Uncertainty, M. Machina and K. Viscusi, eds., Elsevier, 2013, Chapter 4.
• “Ten Little Treasures of Game Theory and Ten Intuitive Contradictions,” (with Jacob Goeree) American Economic Review, December 2001, 1402-1422.

Publications

Selected Publications

• "Fixed Exchange Rates and the Quantity Theory in Colonial America," Carnegie-Rochester Conferences Volume, 1987;
• "The Political Economy of Insider Trading Laws," with C.Tighe, Papers and Proceedings of the American Economic Associations, 1994;
• "Inflation, Expectations, and Output: Lucas's Island Revisited," Journal of Macroeconomics 20, 767-83, Fall 1998;
• "State 'Currencies' and the Transition to the U.S. Dollar: Clarifying some Confusions." , R. Michener and R. Wright, American Economic Review, 682-703, June 2005;
• "Development of the US monetary union," R. Michener and R. Wright, Financial History Review, vol. 13:1, 19-41, 2006

Publications

Selected Publications

• Andrew Barr and Sarah Turner. Forthcoming. “Out of Work and Into School: Labor Market Policies and College Enrollment During the Great Recession,” Journal of Public Economics
• John Bound, Breno Braga, Joe Golden and Sarah Turner. 2013. “Pathways to Adjustment: The Case of Information Technology Workers” American Economic Review Papers and Proceedings. 
• Andrew Barr and Sarah Turner.  2013 “Expanding Enrollments and Contracting Budgets: The Effect of the Great Recession Higher Education,”  The Annals: American Academy of Political and Social Science.
• John Bound, Mike Lovenheim and Sarah Turner. 2012. “Understanding the Increased Time to the Baccalaureate Degree.” Education Finance and Policy, Vol. 7, No. 4: 375–424.
• Christopher Avery and Sarah Turner. 2012. “Student Loans: Do College Students Borrow Too Much--Or Not Enough?” Journal of Economic Perspectives, 26(1): 165–92

Publications

Selected Publications

• Rethinking Environmental Federalism in a Warming World (January 2012), William Shobe and Dallas Burtraw. CEPS Working Papers (wp12-01), Center for Economic and Policy Studies, Charlottesville, VA (Forthcoming in Climate Change Economics).
• Price Discovery in Emissions Permit Auctions (2011), Dallas Burtraw, Charlie Holt, Erica Myers, Jacob Goeree, Karen Palmer, and William Shobe, in R. Mark Isaac, Douglas A. Norton (ed.) Experiments on Energy, the Environment, and Sustainability (Research in Experimental Economics, Volume 14), Emerald Group Publishing Limited, pp.11-36.
• A Database for a Changing Economy: Review of the Occupational Information Network (O*NET), Nancy T. Tippins and Margaret L. Hilton, Editors; Panel to Review the Occupational Information Network (O*NET); National Research Council, 2010. [Member of the review panel organized by the Committee on National Statistics of the National Research Council.]
• An Experimental Analysis of Auctions versus Grandfathering to Assign Pollution Permits, with Dallas Burtraw, Charlie Holt, Erica Myers, Jacob Goeree, and Karen Palmer. Journal of the European Economic Association Vol. 8, No. 2-3: 514-525 (April/May 2010).
• An Experimental Analysis of Auctioning Emissions Allowances under a Loose Cap (2010), William Shobe, Dallas Burtraw, Charlie Holt, Jacob Goeree, Karen Palmer and Erica Myers. Agricultural and Resource Economics Review Vol. 39, No. 2: 162-175.
• Collusion in Auctions for Emission Permits: An Experimental Analysis, with Dallas Burtraw, Charlie Holt, Jacob Goeree, Karen Palmer and Erica Myers. Journal of Policy Analysis and Management, Vol. 28, No. 4: 672-691 (2009).
• The Design, Testing, and Implementation of Virginia's NOx Allowance Auction, with David Porter, Stephen Rassenti, Vernon Smith, and Abel Winn. Journal of Economic Behavior & Organization, Vol. 69, No. 2, pp. 190 - 200 (2009).
• Auction Design for Selling CO2 Emission allowances Under the Regional Greenhouse Gas Initiative, with Dallas Burtraw, Charlie Holt, Jacob Goeree, and Karen Palmer. Research sponsored by the New York State Energy Research and Development Agency (October 2007).

Publications

"Missed Exams and Lost Opportunities: Who Could Gain from Expanded College Admission Testing?," with Sarah Turner (UVA), AERA Open, 2019, Volume 5, Issue 2, pp 1-20.

"Network Structure and Consolidation in the U.S. Airline Industry, 1990-2015," with Federico Ciliberto (UVA) and Jonathan W. Williams (UNC-Chapel Hill), The Review of Industrial Organization, February 2019, Volume 54, Issue 1, pp 3–36. 

"Transitioning from High School to College: Differences across Virginia," with Jessie Romero (Richmond Fed) and Sarah Turner (UVA). Federal Reserve Bank of Richmond Economic Brief, 2017, 17-12.

Publications

Does Option Theory Hold for Major League Baseball Contracts? (with Charles Link), Economic Inquiry (2016)

Publications

“How Efficient Are the Ethiopian Microfinance Institutions in Extending Financial Services to the Poor? A Comparison with the Commercial Banks.”With Wassie Berhanu. 2012. Journal of African Economies

Publications

Selected Publications

• “Ownership Arrangements and Congestion-Prone Facilities, American Economic Review 71 (1981) 493-502. 
• Growth, Speculation and Sprawl in a Monocentric City," The Journal of Urban Economics 10 (1981) 201-226.
• "Industry Structure with Fluctuating Demand," (with Laurence Schumann), American Economic Review 75 (1985) 758-767.
• "Testing for Predation: Is Recoupment Feasible?" (with Kenneth G. Elzinga) The Antitrust Bulletin 34 (1989) 869-893.
• "Capacity Expansion and the Size of Plants," RAND Journal of Economics 21 (1990) 555-566.
• "Why Retailers Sell Private Labels," Journal of Economics and Management Strategy 4 (1995) 509-528.
• "Price Wars Triggered by Entry," (with Kenneth G. Elzinga), International Journal of Industrial Organization 17 (1999) 179-198.
• “Buyer Power and Industry Structure,” Review of Industrial Organization 36 (2010) 213-225.
•  “The Lerner Index of Monopoly Power: Origins and Uses,” (with Kenneth G. Elzinga), American Economic Review: Papers and Proceedings 101 (2011) 558-564.
• “Countervailing Power and Chain Stores,” Review of Industrial Organization, 42 (2013) 281-295.
• “Inducing Cooperation with a Carrot Instead of a Stick,” Review of Industrial Organization, 50 (2017) 245-261

Publications

Selected Publications

• "Principles of Economics", with Dirk Mateer, W.W. Norton, (2013)
• “The Tax Man Cometh: Constitutional Principles for Tax Enforcement,” with Daniel Sutter, Constitutional Political Economy, (2003)
• “Evaluating the Fisher Effect in Long-Term Cross-Country Averages,” with Marc Poitras, International Review of Economics and Finance, (2000).
• “Why Good Economic News Depressed Stock and Bond Prices in 1996,” with Willem Thorbecke, Economics Letters (1997)
• “Monetary Policy, Stock Returns, and the Role of Credit in the Transmission of Monetary Policy,” with Willem Thorbecke, Southern Economic Journal (1996

Publications

“Equilibria Under ‘Active’ and ‘Passive’ Monetary and Fiscal Policies,” Journal of Monetary Economics 27(1): 129-147, 1991

“The Dynamic Impacts of Monetary Policy: An Exercise in Tentative Identification,” Journal of Political Economy 102(6): 1228-1247, 1994

“Fluctuating Macro Policies and the Fiscal Theory,” in Daron Acemoglu, Kenneth Rogoff and Michael Woodford, eds., NBER Macroeconomics Annual 2006 (Cambridge: MIT Press):
247-298

“Generalizing the Taylor Principle,” American Economic Review 97(3): 607-635, 2007

“Fiscal Foresight and Information Flows,” Econometrica 81(3): 1115–1145, 2013

“Clearing Up the Fiscal Multiplier Morass,” American Economic Review 107(8): 2409–2454, 2017

Publications

“Opioid Deaths and Local Health Care Intensity: A Longitudinal Analysis of the U.S. Population, 2003-2014,” with Dajun Lin and Christopher J. Ruhm. Forthcoming at American Journal of Preventive Medicine.
“Breastfeeding, Schooling and Income: Insights from the Indonesian Family Life Survey,” with Randall Lutter, Christopher J. Ruhm and Dajun Lin, Maternal & Child Nutrition, 15.1(2019): e12651.