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.
A model is developed in which two financial firms, a "bank" and a "non-bank", compete duopsonistically for deposit balances.
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.
The paper considers the incentives for risk averse firms to share their private information.
This paper presents a model that permits third-party information provision in a market characterized by information asymmetries and reputation formation.
The portfolio choice model presented here incorporates the impact of internal firm covariance risk on lease prices for offshore oil tracts.
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
This paper examines the relationship between a firm's cost flexibility and product price dispersion.
