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Using new measures of expanded Internet access in China and internet-based search, we examine how competitive shocks from China impact U.S. innovation through the markets for innovation and existing products. We identify shocks to innovation competition using the geography of Chinese internet...
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irreversible, it is costly to supply by incumbents. However, pricing formulas used by regulators to set lease rates for capital do …, discouraging further investments. This paper shows how pricing formulas used to set lease rates can be adjusted to account for the …
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sunk costs, this leads to an asymmetric allocation of risk and return that is not properly accounted for in the pricing of …
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We examine the performance attributes of a merchant transmission investment framework that relies on market driven' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent set of assumptions, the merchant investment model...
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outcomes in settings where a content provider sells its services to consumers for a fee. We examine both pricing and investment …
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