In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...

Scholars and enforcement officials debate the merits and implications of “behavioral antitrust” — the application of empirical evidence showing how human behavior departs systematically and predictably from strict rationality (“bounded rationality”) to antitrust law. Notwithstanding...

The article deals with the current state of the labor market, which is characterized by such problems as: The structural imbalance of the labor market; lack of skilled workforce; the aging of workforce; youth unemployment; the low rate of productive jobs; employers' non-compliance with applicants'...