Movie exhibition contracts entail revenue-sharing terms that go down with weeks since release.
We study how incentive conflicts known as ‘career concerns’ can generate inefficiencies not only within firms but also in market outcomes.
Licensing technology essential to a standard can present a hold-up problem.
The paper studies the incentives to form collusive agreements when goods can be traded in second-hand markets.
Remaining in office is a potential motivator for regulatory decisions by public utility commissioners. We examine regulatory exit, where a regulator leaves a U.S.
This paper considers the effects of monopoly third-degree price discrimination on aggregate consumer surplus.