carriers), and we point to the real danger that the intent of Congress in passing the 1996 Act to promote competition in …

provocative implication of the new theory of pricing, however, is that the allocative efficiency of the price system itself may be …

competing in a differentiated goods market. For a domestic monopoly, and increasing the number of foreign firms, the government … subsidize in equilibrium. Further, the results are robust to Cournot or Bertrand competition. …

Models of durable goods with network externalities that set instantaneously have emphasized that a monopolist selling … to the inclusion of network externalities that set in with a lag. If externalities set in with a lag (however small … price discrimination. However, if monopoly power is "short lived" (for example due to copying), we show that, depending on …

externalities. We assume that high expected sales increase the willingness to pay for the good. This is named the "network effect … network externality and will invite entry. In markets with very strong network externalities, the leader pays a subsidy to the … invited followers. We also show that the results hold under uncertainty, and when the post-entry competition is Cournot. …