We analyse the effects of 'network neutrality' proposals that seek to foreclose or severely limit market transactions. Our model reveals that rules that prohibit efficient commercial transactions between content and broadband service providers could be bad for all participants – consumers...

We analyse the effects of 'network neutrality' proposals that seek to foreclose or severely limit market transactions. Our model reveals that rules that prohibit efficient commercial transactions between content and broadband service providers could be bad for all participants -- consumers would...

The security necessary for investment and income growth is difficult to establish in areas where the government is weak. A prescriptive political objective for unstable countries is to strengthen the government’s ability to make credible commitments to establish security. We model the...

This paper focuses on third-degree price discrimination by an upstream firm with some degree of monopoly power. Downstream firms fall into two categories: efficient and inefficient, according to their relative costs of transforming a unit of the upstream good into a unit of final product. Under...

This article provides a model of loss leader pricing and quantity restrictions for a competitive multiproduct industry when individual consumers have continuous (and independent) demands for the set of available goods. Utilizing a generalization of the model proposed by <link rid="b5">Bliss [1988]</link>, we...

This paper investigates the stochastic nature of the unemployment rate allowing for cross-section dependence from a panel of US state-level data. We first employ the PANIC method to identify the common and idiosyncratic components. Powerful recursive mean adjustment (RMA) methods are used to...

We look at alternative methods to correct a downward bias in half-life estimates of relative stock prices among the G7 countries. We compare a grid-[alpha] median-unbiased method and a recursive mean adjustment method.

We combine regression and propensity score methods to estimate the effect of Internet use on job search. We exploit the distinction between the unemployed and the discouraged, where both desire employment but the latter has ceased active job search due to negative beliefs about the labor market....

Regression analysis augmented with propensity score methods is used to estimate the effect of Internet use on job search. The formal distinction between the unemployed and the discouraged is exploited, where both desire employment but the latter has ceased active job search. Results indicate...