The economic and legal view of vertical integration has varied over time, but, a constant source of concern is the fear that the integrated firm will foreclose competitors from intermediate markets. At the same time, most commentators have considered the economics of vertical contracts,...

This symposium is organized around a major, ongoing, antitrust case, In re: Brand Name Prescription Drugs Antitrust Litigation, MDL-997, Master File No.94C 897(Us Federal Court for the Northern District of Illinois). As one can see, this case involves fascinating scientific and policy issues,...

Recent models of firm failure and growth have ignored demand factors. In this paper, we generalize these theoretical analyses to include demand factors in explaining failure and growth for heterogeneous firms in local markets facing imperfect but increasing competition. The model is then applied...

The emerging field of corporate demography views corporations and industries in a similar way to human or animal individuals and groups. In spite of a surprisingly large overlap of subject matter with economics, corporate demography is not well-known by, nor easily accessible to economists. An...

The hospital competition literature shows that estimates of the effect of local market structure (concentration) on pricing (competition) are sensitive to geographic market definition. Our spatial lag model approach effects smoothing of the explanatory variables across the discrete market...