We investigate whether online travel agents (OTAs) assign hotels worse positions in their search results if these set lower hotel prices at other OTAs or on their own websites. We formally characterize how an…
We study the short-run effect of elections on the stock of money (M1) in a sample of low and middle income countries. We find robust evidence of a new monetary election cycle: the monthly growth rate of…
This paper empirically analyzes the existence of market power in the global iron ore market during the period from 1993 to 2012. Using an innovative Stochastic Frontier Analysis (SFA) approach, we…
