This paper is an economist’s guide to auctions on the Internet.
One concern about regulated monopolies entering unregulated vertically-related markets is that they will discriminate against competitors of their unregulated affiliates.
To what extent are capital investments sunk costs? This question is addressed by examining the salvage values of discarded metalworking machinery.
The recent growth of the Internet is creating markets for broadband telecommunications networks. In the past, virtually all such ‘infrastructure’ networks have been subject to government regulation.
In many markets, governments set minimum quality standards while some sellers compete on the basis of quality by exceeding them.
This paper studies the contribution of doctor and patient ‘habit’ to persistence in market shares in prescription drug markets.