Economics

Recent Publications

Forthcoming

  • Green, Edward, Marshall, R.C. and Marx, L., “Tacit Collusion in Oligopoly,” Roger D. Blair and D. Daniel Sokol eds., Oxford Handbook on International Antitrust Economics, Oxford, UK: Oxford University Press, forthcoming.
  • Greenstein, Shane and McDevitt, R.C., “Measuring the Broadband Bonus in Thirty OECD Nations,” Measuring the Internet Economy, forthcoming.
  • Loertscher, Simon and Marx, L., “An Oligopoly Model for Analyzing and Evaluating (Re)-Assignments of Spectrum Licenses,” Review of Industrial Organization, forthcoming.
  • Marshall, Robert C., Marx, L., and Meurer, M. J., “The Economics of Auctions and Bidder Collusion,” Kalyan Chatterjee and William F. Samuelson eds., Game Theory and Business Applications, 2nd Edition, New York: Kluwer Academic Publishers, forthcoming.
  • Marx, Leslie and Mezzetti, C., “Effects of Antitrust Leniency on Concealment Effort by Colluding Firms,” Journal of Antitrust Enforcement, forthcoming.
  • Marx, Leslie and Mezzetti, C., “What Next? Cartel Strategy After Getting Caught,” Competition Law and Economics: Beyond Monopoly Regulation, East-West Center and Korea Development Institute Monograph Series, Edward Elgar, forthcoming.
  • Mazzeo, Michael J. and McDevitt, R.C., “Business Strategy and Antitrust Economics,” The Oxford Handbook on International Antitrust Economics, forthcoming.

2014

  • Anton, James J., Biglaiser, G., and Vettas, N., “Dynamic Price Competition with Capacity Constraints and a Strategic Buyer,” International Economic Review,Vol. 55(3), pp. 943-958, August 2014.
  • Green, Edward, Marshall, R.C. and Marx, L., “Tacit Collusion in Oligopoly,” Roger D. Blair and D. Daniel Sokol eds., Oxford Handbook on International Antitrust Economics, Oxford, UK: Oxford University Press, forthcoming.
  • Loertscher, Simon and Marx, L., “Economics and the Efficient Allocation of Spectrum Licenses,” Tansu Alpcan, Holger Boche, Michael L. Honig, and H. Vincent Poor eds., Mechanisms and Games for Dynamic Spectrum Access, Cambridge, UK: Cambridge University Press, 2014.
  • Marshall, Robert C., Marx, L., and Mezzetti, C., “Antitrust Leniency with Multi-Market Colluders,” American Economic Journal: Microeconomics, Spring 2014.
  • Marshall, Robert C., Marx, L., and Meurer, M. J., “The Economics of Auctions and Bidder Collusion,” Kalyan Chatterjee and William F. Samuelson eds., Game Theory and Business Applications, 2nd Edition, New York: Spring 2014.
  • McAdams, David, “Game-Changer: Game Theory and the Art of Transforming Strategic Situations”, W.W. Norton, January 2014.

2013

  • Anton, James J., and Biglaiser, G., “Quality, Upgrades and Equilibrium in a Dynamic Monopoly Model,” Journal of Economic Theory, Vol. 148: 1179–1212, 2013.
  • Anton, James J., Teece, D. and Augier, M., “Adverse Selection,” in Palgrave Encyclopedia of Strategic Management, eds., 2013.
  • Daley, Brendan and Green, B., “Market Signaling with Grades,” Journal of Economic Theory, Accepted.
  • Krishna, Vijay, Lopomo, G. and Taylor, C., “Stairway to Heaven or Highway to Hell: Liquidity, Sweat Equity, and the Uncertain Path to Ownership,” Rand Journal, Vol. 44, (1), pp. 104-127, Spring 2013.
  • Lopomo, Giuseppe, “Zero-sum Games,” to appear in The Palgrave Encyclopedia of Strategic Management, online October 2013 (1).
  • McAdams, David, Hu, Y., and Shum, M., “Identification of First-Price Auction Models with Non-Separable Unobserved Heterogeneity,” Journal of Econometrics, pp 186–193, June 2013.

2012

  • Daley, Brendan and Green, B., “Waiting for News in the Market for Lemons,” Econometrica, 80(4):1433–1504, 2012.
  • Daley, Brendan, Schwarz, M. and Sonin, K., “Efficient Investment in a Dynamic Auction Environment” Games and Economic Behavior, 75(1):104–119, 2012.
  • Marshall, Robert. C. and Marx, L., “Introduction to The Economics of Collusion: Cartels and Bidding Rings”, The European Financial Review, August/September 2012.
  • Marshall, Robert C. and Marx, L., “The Economics of Collusion: Cartels and Bidding Rings,” MIT Press, 2012.
  • McAdams, David, “Strategic Ignorance in the Second-Price Auction,” Economics Letters, 83–85, January 2012.

2011

  • Aldrich, Eric M. and Gallant, A. R., “Habit, Long-Run Risks, Prospect? A Statistical Inquiry,” Journal of Financial Econometrics, Volume 9, Issue 4, pp. 589–618, Fall 2011.
  • Aldrich, Eric M., Fernández-Villaverde, J., Gallant, A. R., and Rubio Ramírez, J.F., “Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models with Graphics Processors,” Journal of Economic Dynamics and Control”, Volume 35, Issue 3, pp. Pages 386–393, March 2011.
  • Anton, James, Biglaiser, G. and Lewis, T., “Inventory in Vertical Relationships with Private Information and Interdependent Values,” International Journal of Economic Theory, Vol. 7(1), pp. 51–63, March 2011.
  • Brusco, Sandro, Lopomo, G., and Marx, L., “The Economics of Contingent Re-Auctions,” American Economic Journal: Microeconomics, 3(2), 165–193, 2011.
  • Bubela, Tania, Carbone, J., Colaianni, A., Cook-Deegan, R., Gold, R., Heaney, C., Holman, C. M., and Lewis, T., “Taking Rights too Far,” Stanford Journal of Law, Science, and Technology, 2011.
  • Daley, Brendan and Snowberg, E., “Even if it’s not Bribery: The Case for Campaign Finance Reform,” Journal of Law, Economics, and Organization,27 (2):324–349,2011.
  • Gayle, W.R., Marshall, R.C., Marx, L. and Richard, J.F., “Coordinated Effects in the 2010 Horizontal Merger Guidelines,” Review of Industrial Organization 39(1), 39–56, 2011.
  • Greenstein, Shane and McDevitt, R.C., “The broadband bonus: Estimating broadband Internet’s economic value,” Telecommunications Policy, 35(7), 617-632, August 2011.
  • Greenstein, Shane and McDevitt, R.C., “The Global Broadband Bonus: Broadband Internet’s Impact on Seven Countries,” The Linked World: How ICT Is Transforming Societies, Cultures & Economies, 2011.
  • Greenstein, Shane and McDevitt, R.C., “Evidence of a Modest Price Decline in U.S. Broadband Services,” Information Economics and Policy, 23(2), 200-211, June 2011.
  • Kovacic, William E., Marshall, R.C., Marx, L. and White, H.L., “Plus Factors and Agreement in Antitrust Law,” Michigan Law Review 110(3), 393–436, 2011. Winner of the Tenth Annual Jerry S. Cohen Memorial Fund Writing Award given for the best antitrust writing during the prior year.
  • Lopomo, Giuseppe, Marx, L., and Sun, P., “Bidder Collusion at First-Price Auctions,” Review of Economic Design, 15(2), 177–211, 2011.
  • Lopomo, Giuseppe, Marx, L., McAdams, D., and Murray, B., “Carbon Allowance Auction Design: An Assessment of Options for the U.S,” Review of Environmental Economics and Policy, 5(1), 25–43, Winter 2011.
  • Lopomo, Giuseppe, Rigotti, L. and Shannon, C., “Knightian Uncertainty and Moral Hazard,” Journal Economic Theory, Vol. 146 (3) pp. 1148–1172, May 2011.
  • McAdams, David, “Performance and Turnover in a Stochastic Partnership,” American Economic, Journal: Microeconomics, 107–42, November 2011.
  • McDevitt, Ryan C., “Names and Reputations: An Empirical Analysis,” American Economic Journal: Microeconomics, 3 (3), 193-209, August 2011.

2010

  • Anton, James, and Biglaiser, G., “Compatibility, Interoperability and Market Power in Upgrade Markets,” Economics of Innovation and New Technology, Vol. 19 (3-4), pp. 373–385, April/June 2010.
  • Anton, James, Brusco, S. and Lopomo, G., “Split-Award Procurement Auctions with Uncertain Scale Economies: Theory and Data,” Games and Economic Behavior, Vol. 69 (1), pp. 24-41, 2010.
  • Belloni, Alexandre, Lopomo, G., and Wang, S., “Multi-dimensional Mechanism Design: Finite Dimensional Approximations and Efficient Computation,” Operations Research, Vol. 58 (4)-Part-2, pp. 1079–1089, 2010.
  • Che, Yeon-Koo, Kim, J., and Lewis, T., “Do Breakup Fees Lead to Efficient Takeover,” Economics Letters, Vol. 108 (1), pp. 1–104, July 2010.
  • Das Varma, Gopal and Lopomo, G. “Noncooperative Entry Deterrence in License Auctions: Dynamic versus Sealed-Bid,” Journal of Industrial Economics, Vol. 58 (2, pp. 450–476, June 2010.
  • Gallant, A. Ronald, and Tauchen, G., “Simulated Score Methods and Indirect Inference for Continuous-time Models,” in Yacine Aït-Sahalia and Lars Peter Hansen, eds., Handbook of Financial Econometrics, Volume 1 — Tools and Techniques Elsevier/North-Holland, Amsterdam, 427–478., 2010.
  • Hortaçsu, Ali and McAdams, D., “Mechanism Choice and Strategic Bidding in Divisible Good Auctions: An Empirical Analysis of the Turkish Treasury Auction Market,” The Journal of Political Economy, 118(5), 833-865, October2010.
  • Lewis, Tracy, “Inventory and Vertical Relationships, Private Information and Interdependent Values,” International Journal of Economic Theory, 2010.
  • Marx, Leslie and Shaffer, G., “Break-Up Fees and Bargaining Power in Sequential Contracting,” International Journal of Industrial Organization 28, 451–463, 2010.
  • Marx, Leslie and Shaffer, G., “Slotting Allowances and Scarce Shelf Space,” Journal of Economics & Management Strategy 19(3), 575–603, 2010.