Articles
Is there a U-shaped relation between competition and investment? (with Dario Sacco), International Journal of Industrial Organisation (2010)
We consider a two-stage game with cost-reducing investments followed by a linear differentiated Cournot duopoly....
Merger Negotiations and Ex Post Regret (with Dennis Gärtner), Journal of Economic Theory (2009)
We consider a setting in which two potential merger partners each possess private information pertaining...
Self-reinforcing market dominance (with Daniel Halbheer, Ernst Fehr, and Lorenz Götte), Games and Economic Behavior (2009)
Are initial competitive advantages self-reinforcing, so that markets exhibit an endogenous tendency to be dominated...
Entry in liberalized railway markets: The German experience (with Rafael Lalive), Review of Network Economics (2008)
In Germany, competitive franchising is increasingly being used to procure passenger railway services that were...
Exploring the effects of competition for railway markets (with Rafael Lalive), International Journal of Industrial Organisation (2008)
This paper studies the effects of introducing competition for local passenger railway markets in the...
Intimidating Competitors–Endogenous Vertical Integration and Downstream Investment in Succesive Oligopoly (with Stefan Bühler), International Journal of Industrial Organisation (2008)
This paper examines the interplay of endogenous vertical integration and cost-reducing downstream investment in successive...
Small Scale Entry vs. Acquisitions of Small Firms: Is Concentration Self-reinforcing? (with Zava Aydemir), Journal of Economic Behavior and Organisation (2008)
We consider a reduced form model with acquisitions and entry. There are two investors and...
Asymmetric Vertical Integration (with Stefan Buehler), The B.E. Journal of Theoretical Economics (2005)
We examine vertical backward integration in a reduced-form model of successive oligopolies. Our key findings...
Investment and Market Dominance (with Susan Athey), RAND Journal of Economics (2005)
This paper analyzes a model of oligopolistic competition with ongoing investment. Special cases include incremental...
Endogenous Spillovers and Incentives to Innovate (with Hans Gersbach and Armin Schmutzler), Economic Theory (2003)
We present a new approach to endogenizing technological spillovers. Firms choose continuous levels of a...
Product and Process Flexibility in an Innovative Environment (with Susan Athey), RAND Journal of Economics (1995)
This article studies several attributes of a firm's long-run decisions about organizational structure, attributes that...
Unpublished Papers
Competition and Innovation: An Experimental Investigation (with Dario Sacco and Donja Darai), SOI Working Papers, University of Zurich (2009)
The paper analyzes the effects of more intense competi- tion on firms’' incentives to invest...
Foreign Direct Investment and R&D offshoring (with Hans Gersbach), SOI Working Papers, University of Zurich (2008)
We analyze a two-country model of Foreign Direct Investment (FDI). Two firms, each of which...
A unified approach to comparative statics puzzles in experiments, SOI Working Papers, University of Zurich (2008)
Many experimental studies implement two versions of one game for which agents’ behavior is fundamentally...
The effects of competition on investment -- Towards a Taxonomy, SOI working papers, University of Zurich (2008)
Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have...
All-Pay Auctions with Negative Prize Externalities: Theory and Experimental Evidence (with Dario Sacco) (2008)
The paper characterizes the mixed-strategy equilibria in all-pay auctions with endogenous prizes that depend positively...
A Product-Market Theory of Industry-Specific Training (with Hans Gersbach), SOI Working Papers, University of Zurich (2007)
We develop a product market theory that explains why firms provide their workers with skills...
Does Globalization Create Superstars? (with Hans Gersbach), SOI Working Papers, University of Zurich (2007)
To examine the impact of globalization on managerial compensation, we consider a matching model where...