Online appendix for “Price Pressures”

Online Appendix: Fungibility and Consumer Choice∗

Online appendix figure I shows the dynamics of the effect of a change in the price of regular gasoline on the share of gasoline that is regular grade. The plot shows that a permanent increase in the regular price would increase the share of regular gasoline for at least six months. Online appendix figure II shows the distribution across households of the correlation between buying regular gasol...

Online Appendix of Structural Change with Long-Run Income and Price Effects Not for Publication

Asymmetric Trading Costs Before Earnings Announcements: Implications for Price Discovery and Returns Online Appendix

In this online appendix, we provide supplementary results for the paper “Asymmetric Trading Costs Before Earnings Announcements: Implications for Price Discovery and Returns,” including additional evidence on the connection between asymmetric liquidity provision, abnormal order imbalances, and returns; alternative hypotheses; cross-sectional variation; time-series variation; and robustness test...

Online Appendix Collusion in Auctions with Constrained Bids: Theory and Evidence from Public Procurement

This Online Appendix to “Collusion in Auctions with Constrained Bids: Theory and Evidence from Procurement Auctions” provides several extensions. We analyze variants of our baseline model allowing for endogenous participation by cartel members, as well as non-performing bidders. A back-of-the-envelope calibration of the model described in Section 4 lets us get a sense of potential treatments ef...

Online Appendix for A Pooling Analysis of Two Simultaneous Online Auctions

This section provides theoretical support for the strategy outlined in §2.2. For convenience, to ease the presentation of the case in which auctioneer a’s reservation price is not met, we imagine there arema+1 “reservation” dedicated bidders installed in auction a at the market’s outset, where each such bidder’s valuation equals auctioneer a’s reservation price. Thus in this section of the appe...