This essay is a status report on the development of a new approach to analysis of mergers. This approach replaces market-share- based presemptions with simulations of the effects of mergers within the context of tractable oligopoly models calibrated to the particular characteristics of the...

Our results seem to provide substantial evidence that joint operating agreement's (JOA) act as constrained rather than unconstrained monopolists in setting ad rates and circulation levels. The constraint of having to produce two dailies binds tightly enough to yield JOA CPM's that are much...

Price markups over marginal cost are often higher on "aftermarket" parts, service, and supplies for durable goods that they are on the goods themselves. One explanation for this phonomenons is that the aftermarket good is used as a "metering" device to price discriminate among consumer, a model...