aftermarkets? In this paper we explore a number of models characterized by either competition or monopoly in the new-unit market …, and show that a variety of behaviors that hurt competition in aftermarkets can, in fact, be efficient responses to …

absolute margin. We derive these results in both a monopoly model and a variety of different competitive models. We conclude …

This paper sets up a microeconomic theory of labor unions. It discusses their formation and goals, their hierarchical … structure, and the nature of rent distribution. The theory provides predictions for the probability that an industry or …

process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with …Does an intensification of competition among banks increase or decrease liquidity creation? By integrating the dynamic … facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some …

firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter … deregulation. Highly leveraged" carriers are less likely to survive the deregulation shock, even after controlling for various … charge after deregulation. " …

capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …

competition among large countries (US/EU) to negotiate preferential arrangements with smaller countries or regions will lower …