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Beyond “Ellison’s Matrix”: New Directions in Behavioral Industrial Organization

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Abstract

We discuss new research directions in the field of behavioral industrial organization that we find promising: identification of new unobservables in equilibrium models; strengthening links with abstract choice theory; and integrating behavioral IO models in larger models of the economy.

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Notes

  1. This result corrected Proposition 6 in Eliaz and Spiegler (2011).

  2. For another attempt to marry choice-theoretic analysis of consumer behavior with an IO application, see Papi (2014).

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Acknowledgments

Some of the research that this article is based on was supported by ERC Grant No. 230251. We thank two reviewers for useful comments

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Authors and Affiliations

  1. Tel Aviv University, Tel Aviv, Israel

    Kfir Eliaz & Ran Spiegler

  2. University of Michigan, Ann Arbor, MI, USA

    Kfir Eliaz

  3. University College London, London, UK

    Ran Spiegler

Authors
  1. Kfir Eliaz
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  2. Ran Spiegler
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Correspondence to Ran Spiegler.

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Eliaz, K., Spiegler, R. Beyond “Ellison’s Matrix”: New Directions in Behavioral Industrial Organization. Rev Ind Organ 47, 259–272 (2015). https://doi.org/10.1007/s11151-015-9470-3

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  • DOI: https://doi.org/10.1007/s11151-015-9470-3

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