RESEARCH

Publications

Buyer Alliances in Vertically Related Markets, February 2026 [supplemental material]. 

🏆 Recipient of the EARIE 2018 Young Economists' Essay Awards.

Forthcoming in the RAND Journal of Economics.

The Buyer Power Effect of Retail Mergers: An Empirical Model of Bargaining with Equilibrium of Fear 

with Céline BONNET and Zohra BOUAMRA-MECHEMACHE [supplemental material]. 

RAND Journal of Economics, vol. 56, no. 2, Summer 2025 (pp. 194-215).

Buyer Power and Exclusion: A Progress Report 

with Claire CHAMBOLLE and Clémence CHRISTIN. 

International Journal of Industrial Organization, vol. 90, September 2023 (EARIE special issue).

A Buyer Power Theory of Exclusive Dealing and Exclusionary Bundling 

with Claire CHAMBOLLE. 

American Economic Journal: Microeconomics, vol. 15, no. 3, August 2023 (pp. 166-200). 

This paper supersedes: Buyer Power, Upstream Bundling, and Foreclosure.

Working Papers

Markups, Markdowns, and Bargaining in a Vertical Supply Chain, December 2025.

with Rémi AVIGNON, Claire CHAMBOLLE, and Étienne GUIGUE.

Vertical Bargaining under Uncertain Retailer Responsiveness: A Structural Approach, December 2024.

with Ao WANG.

Work in Progress                                                    

Buyer Power and Product Selection in Interlocking Relationships 

with Claire CHAMBOLLE and Clémence CHRISTIN.

The Cross-Category Effects of Food Labels: A Canteen Experiment

with Olivier ALLAIS and Emmanuel PAROISSIEN.

Retail Mergers and Uniform Pricing: Evidence from the U.S. Yogurt Industry

with Sébastien CERLES and Apolline JAOUI.

Markups and Markdowns from Farm to Fork

with Rémi AVIGNON, Claire CHAMBOLLE, and Étienne GUIGUE.

Policy Briefs                                                

Buying Groups Formation: What Effects on Competition in the Retail Industry? 

with Marie-Laure ALLAIN, Rémi AVIGNON, and Claire CHAMBOLLE.

IPP Policy Brief, no. 79, February 2022.