This paper shows that under reasonable conditions, increasing gate revenue sharing among teams in a sports league will produce a more uneven contest, i.e. reduce competitive balance. This result has significant implications for antitrust authorities and legislators, who have tended to assume...

This paper analyses the issue of parallel trade (arbitrage) for products protected by intellectual property rights. We discuss a basic trade-off that arises between the <i>ex post</i> better allocation that typically occurs under parallel trade when demand dispersion is not too high, and the <i>ex ante</i>...

This paper analyzes the pricing behavior of cross channel ferry companies in the eight-year period between awarding the Channel Tunnel franchise and the completion of the construction of the tunnel. The ferry companies appear to have 'made hay' by significantly increasing some published prices...