Over the period 1953-83, twelve accounting measures of profitability, which are not on average highly correlated, imply measures of the profitability advantage of large firms that move closely togethe
In many industries, consumers combine several components to build their own "system".
This paper discusses alternative definitions of the terms "upstream" and "downstream," and shows how each can be represented within a single model of complementary oligopoly.
This paper first asks whether the working of market forces in Japanese manufacturing industries is unique to them or similar to US counterparts.
The hypothesis that antitrust litigation will redistribute economic power is examined using an event study framework.
The Paper describes the restrictive trade practices policy in India. This is of recent origin, and is broadly similar to that of the UK.
This note shows that the joint presence of switching costs and increasing returns generates a network externality which may lead to inferior technologies being adopted.