oligopoly theory regarding cost savings, competition, and consumer welfare. …

We explore the logic of predation and rules designed to prevent it in markets subject to network effects. Although, as … many have informally argued, predatory behavior is plausibly more likely to succeed in such markets, we find that it is … particularly hard to intervene in network markets in ways that improve welfare. We find that imposition of the leading proposals …

oligopoly theory regarding cost savings, competition, and consumer welfare. …

Enforcement and Intellectual Property Rights: Promoting Innovation and Competition, released in April 2007 (“IP Reportâ€).1 …

Discussions of competition in restructured electricity markets have revealed many misunderstandings about the … how it can be distinguished from competitive pricing in markets with significant short-run supply constraints. I also … address two common myths about market power: (a) that it is present in all markets and (b) that it must be present in order …