Issue 2

June 1992

Sunk Costs and Market Structure: A Review Article

An abstract for this item is not available.

Exclusionary Practices and Technological Competition

This paper examines the effects of exclusionary practices on the process of technological change, modeled as a sequence of innovations.

A Model of Price Leadership Based on Consumer Loyalty

This paper analyses a duopolistic price setting game in which firms have loyal consumer segments, but cannot distinguish them from price sensitive consumers.

Market-Structure Determinants of National Brand-Private Label Price Differences of Manufactured Food Products

This paper estimates the relationships between market structure and the Lerner index of monopoly constructed from price data on processed food products sold through grocery stores.

Innovation Adoption and Welfare Under Uncertainty

The incentives of firms to adopt a new process need not coincide with maximum expected consumer surplus or social welfare if there is uncertainty before the process is adopted, and if the only loss fr

Horizontal Mergers and Antitrust Policy

The welfare implications of horizontal mergers are examined in the context of the Cournot-Nash model of Perry and Porter.

Market and Industry Structure and Corporate Cost of Capital

The impact of the structural attributes of industries on the cost of capital to constituent firms is examined within the framework of the Capital Asset Pricing Model (CAPM).

An Empirical Analysis of Retail Chains and Shopping Center Similarity

This paper uses data on the store brands contained in planned shopping centers in Edmonton and Calgary, Alberta, to carry out nonparametric tests of five hypotheses regarding shopping center similarit

Bidirectional Distortion in Self-Selection Problems

This paper considers assumptions on consumer heterogeneity that can generate bidirectional distortion in a model of quality discrimination.

A Comment on a Model of Vertical Product Differentiation

In a duopoly model with vertical differentiation, if the firms do not cover the market, the lower quality firm chooses a quality level exactly 4/7 of that of the higher quality firm, and chooses a pri

Strategic Choice of Flexible Production Technologies and Welfare Implications: Addendum et Corrigendum

In a recent article in this journal, Roller and Tombak [1990] analyse the strategic choice of modern flexible production technologies.