Second World War, the Allies occupying Germany imposed the breakup because of IG Farben's importance for the German war …

variety of real world markets, asking prices have received little attention in the academic literature. We construct an …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

to the World Trade Organization. We find that trade liberalization has not switched firms away from exercising product …

This paper studies intercollegiate athletics in the context of the theory of cartels. Some point to explicit attempts … evidence of cartel behavior. Others argue that such limits enhance product quality by preserving amateurism. I find that the … contributions, state appropriations, and additional student applications. -- cartel ; monopsony ; college athletics …