This paper investigates the optimal design of crowdfunding where crowdfunders are potential consumers with standard motivations and entrepreneurs are profit-maximizing agents. We characterize the typical crowdfunding mechanism where the entrepreneur commits to produce only if aggregate funding...

Este artículo revisa los principales argumentos que la Economía pone a disposición del analista a la hora de juzgar las políticas de control del tabaquismo, y describe con detalle la cuestión de los fallos de mercado tanto desde la óptica tradicional como desde la perspectiva de los...

For an arbitrary number of networks, I study the impact of asymmetric interconnection charges on competition for consumers and websites in the Internet backbone market. I show that the configuration of interconnection charges has important implications for the market structure.

We study a retail benchmarking approach to determine access prices forinterconnected networks. Instead of considering fixed access charges asin the existing literature, we study access pricing rules that determinethe access price that network i pays to network j as a linear functionof the...

We study how access pricing affects network competition when consumers'subscription demand is elastic and networks compete with non-linearprices and can use termination-based price discrimination. In the caseof a fixed per minute termination charge, our model generalizes theresults of Gans and...