Economic Theory
Merger Negotiations and Ex Post Regret (with Dennis Gärtner), SOI Working Papers, University of Zurich (2008)
We consider a setting in which two potential merger partners each possess private information pertaining...
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...
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...
Experimental Economics
Competition and Innovation: An Experimental Investigation (with Dario Sacco), SOI Working Papers, University of Zurich (2008)
We analyze the effects of competitive intensity on investment behavior in oligopoly games. To this...
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...
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...
Industrial Organisation
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...
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...
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...
Innovation and Spillovers
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...
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...
Network Industries
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...
The Interaction of Product and Labor Markets
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...