Issue 3

March 1988

Vertical Separation

A simple duopoly model is used to show the advantage to a manufacturer of selling his product through an independent retailer (vertical separation) rather than directly to consumers (vertical integrat

Testable Competing Hypotheses from Structure-Performance Theory: Efficient Structure Versus Market Power

This paper provides a structure-performance theory that can accommodate leading firm efficiency as well as several competing market power hypotheses.

Entry for Buyout

The possibility of buying out an entrant has an important effect on entry deterrence.

Brand Information and Price

While it is generally agreed that markets perform better when information is more complete, little has been said about how the added benefits are distributed.

Vertical Integration, Variable Proportions and Successive Oligopolies

This paper investigates the problem of how the effect of vertical integration upon the final product price is related to the production and/or the market structures.

Market Share Instability in Commercial Airline Markets and the Impact of Deregulation

While the degree of rivalry in a market is often concealed and therefore difficult to observe directly, various measures of market share variation have been used in the literature as an indicator of b

The Effects of Property Rights on Labor Costs of Nonprofit Firms: An Application to the Day Care Industry

This paper estimates differences in labor costs between nonprofit and for-profit firms in the day care industry.

Cartel Stability in Sealed Bid Second Price Auctions

One of the great advantages of sealed bid second price auctions is that they lead to very simple bidding strategies.

The Multinational Enterprise and Restrictive Conditions in International Technology Transfer: Some New Australian Evidence

The paper reports the results of a survey of 393 Australian firms regarding their access to overseas-sourced technology and the extent and nature of restrictions attached to technology transfer.