Theories of resale price maintenance (RPM) differ strongly on the pro-and anticompetitive effects of RPM. There are few tests of the welfare gains or losses from RPM in industry case studies.
This paper studies a variety of strategies by which firms could disadvantage rivals by raising their costs.
The concepts of `rational conjectures' and `reasonable conjectures' are critically reviewed. It is shown that their operation depends crucially on an invisible, non-optimizing `deus ex machina'.
This study's findings, together with the results of earlier studies of the relationship between advertising and market prices, provide considerable empirical support for the pro-competitive view of se
This paper investigates the wealth impact on aircraft manufacturers of crashes involving their aircraft.
This paper examines technical change in the ethical pharmaceutical industry.
A number of previous studies have attempted to determine the effect of federal support of research and development (R & D) performed in industry on the rate of private investment in R & D, by
For US electric utilities realized rates of return were less than allowed rates from 1977-82 and less than the market cost of capital from 1979-82.