Issue 1

September 1989

Spatial Price Policies Reconsidered

We provide a comparison of three spatial price policies: uniform pricing, mill pricing and spatial price discrimination. Profits, consumer surplus and social surplus are compared in a duopoly model.

On Deposit Interest Rate Regulation and Deregulation

A model is developed in which two financial firms, a "bank" and a "non-bank", compete duopsonistically for deposit balances.

Contributions to Federal Election Campaigns by Government Contractors

We develop a theoretical model which determines whether or not a firm sponsors a Political Action Committee (PAC) and, if it does, the quantity of funds that the PAC will disburse.

Risk-Averse Duopolists and Voluntary Information Transmission

The paper considers the incentives for risk averse firms to share their private information.

"Fly-by-Night" Firms and the Market for Product Reviews

This paper presents a model that permits third-party information provision in a market characterized by information asymmetries and reputation formation.

Investment in Offshore Oil by Diversified Petroleum Companies

The portfolio choice model presented here incorporates the impact of internal firm covariance risk on lease prices for offshore oil tracts.

Market Leadership With a Sequence of History Dependent Patent Races

This note extends the results of Vickers [1986] examining the consequences on the evolution of market structure of having payoffs--and thus profits and incentives--which depend on the technological hi

Cost Flexibility and Price Dispersion

This paper examines the relationship between a firm's cost flexibility and product price dispersion.

Profitability and Profit Sharing: Reply to Mukhopadhyay

no abstract