• openAccess   Catalog Competition: Theory and Experiments 

      Barreda-Tarrazona, Iván; García-Gallego, Aurora; Georgantzis, Nikolaos; Xefteris, Dimitris (2015-09-03)
      This paper studies a catalog competition game: two competing firms decide at the same time product characteristics and prices in order to maximize profits. Since Dasgupta and Maskin (1986) it is known that this one-shot ...
    • openAccess   Exchange markets with endogenous quality: When the lemons problem enchances trade 

      Barreda-Tarrazona, Iván; García-Gallego, Aurora; Georgantzis, Nikolaos; Mitrokostas, Evangelos; Jaber-Lopez, Tarek; Ziros, Nicholas (2016)
      A worrying feature of Akerlof’s (1970) model is that the existence of sufficiently many products of relatively low quality (“lemons”) in a market may not only drive those of high quality ...