Carlton, Dennis W.; Frankel, Alan S.; Landes, Elisabeth M. - In: Journal of Political Economy 112 (2004) S1, pp. 268-268
This paper provides one of the few successful demonstrations of the efficiency of certain types of restrictions in the context of a joint venture. The joint venture we examine is the National Hockey League (NHL) in the 1980s, which was then composed of 21 separately owned teams. (It now has 30...
