Why do BigTech platforms introduce payment services? And do their users benefit? Digital platforms often run business models where activities on the platform generate dat[...]

This paper takes a full-information model-based approach to evaluate the link between investment-specific technology and the inverse of the relative price of investment. [...]

Recently released data show downward trends for both the firm entry rate and the rate of new entrepreneurship since the early 1980s in Canada. This paper documents these [...]

The payments landscape in Canada is rapidly changing and will continue to evolve, fuelled by strong and persistent drivers. In Canada, the Canadian Payments Association ([...]

We study the effect of different levels of information on two-sided platform profits under monopoly and competition. One side (developers) is always informed about all pr[...]

This paper presents a network formation game of buyers and sellers with market sharing. Prior to engaging in bargaining with buyers, sellers exchange access to buyers for[...]

In many industries, firms usually have two choices when expanding into new markets: They can either build a new plant (greenfield entry) or they can acquire an existing i[...]

Macroeconomists have traditionally ignored the behavior of temporary price markdowns (“sales”) by retailers. Although sales are common in the micro price data, they are a[...]

We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurr[...]

The network pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unobserved, and maximum entropy se[...]