Issue 1

March 1998

The Effects of the Corporate Average Fuel Efficiency Standards in the US

This paper examines the effects of the Corporate Average Fuel Economy Standards (CAFE) on automobile sales, prices, and fuel consumption.

The Nature of Diversified Business Groups: A Research Design and Two Case Studies

Diversified business groups dominate the private sectors of most of the world’s economies.

Informative Advertising Competition

This paper investigates informative price advertising in an established-product Hotelling duopoly where firms compete for shares of a fixed market.

The Investment Behaviour of Firms in an Oligopolistic Setting

Industrial organization theory has identified strategic investment in capacity as an important element in competition in oligopolistic markets.

Intertemporal Price Discrimination in Frictionless Durable Goods Monopolies

I show that small differences in quality and production costs between durables and non-durables in a product line allow a durable goods monopolist to intertemporally price discriminate even with conti

The Access Pricing Problem with Deregulation: A Note

This note extends the analysis of Armstrong, Doyle and Vickers [1996] to the case of retail price deregulation.