This paper discusses a dispute heard in Britain in 1992 by the Copyright Tribunal concerning royalty rates for compositions used on records, and sets out a framework for analysing such problems, which can be summarized as follows. A recording requires inputs of at least three kinds — the...

The authors took part in an independent review of competition and innovation in the water industry in England and Wales, undertaken for United Kingdom and Welsh government ministers. Privatised twenty years ago, subject to a price control regime which has permitted high levels of investment, and...