More people in the U.S. graduate from college than ever before. However, earning inequality has been rising (rather than declining) during the past 50 years. Whereas previous literature explained this puzzle by skill-biased technology changes, I argue that there must be additional factors, such...

We evaluate behavior-based price discrimination from an antitrust perspective by focusing on an industry with inherited market dominance. Under horizontal differentiation behavior-based pricing does not by itself lead to persistence of dominance unless the dominant firm is protected by...