The introduction of a new good (or service) often creates situations in which consumers may choose to consume an extant good, the new good, both goods, or neither. Understanding the evolution and determinants of consumer demand in these situations is especially important to marketing practices...

More than twenty years have passed since some states restructured their intra-state electricity markets, opening these former monopoly markets to competition. A number of studies have subsequently examined such restructurings, yet two key characteristics of the extant research create the...

Monday-morning assessments of antitrust merger trial outcomes are common. Critics of a court decision blocking a merger may opine that the outcome is an indication that the judiciary has become overzealous in its interpretation of the Clayton Act’s prohibition of mergers whose effects “may...