New June 2022: We analyze markets, such as those for airline tickets and hotel accommodations, where firms sell time-dated products and have private information about unsold capacities. We show that firms have less market power as under complete information. The paper is now accepted for publication at Management Science.
New April 2022: The paper shows that in consumer search markets discriminatory trade promotions create more profits for manufacturers than uniform pricing. The paper is now accepted for publication at Marketing Science.