Motivated by insufficient fiscal discipline in democracy, we introduce and examine “Catenarian Discipline Rules”. An office-holder decides in each period whether to use available resources for his/her own personal consumption or for providing public goods for the population. In the unique...

We analyze the welfare impact of a monopolist able to segment a multiproduct market and offer differentiated price menus within each segment. We characterize a family of extremal distributions such that all achievable welfare outcomes can be reached by selecting segments from within these...