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...

Using a forecasting framework, this analysis illustrates how enterprise spending on Cloud Services will expand US GDP, jobs and technology spending. The preliminary forecast predicts the US economy will gain nearly 3 trillion Dollars in GDP and 8 Million new Jobs from 2015 to 2025. This suggests...

This paper investigates the impact of the copper access regulation on broadband adoption in each technology (xDSL on copper infrastructure, FTTx on fiber infrastructure and cable modem). We modelize adoption with a logistic function. Using a 15 European countries dataset we find a negative...

In the last year, many advocates have called for the imposition of Carterfone regulation on the wireless industry. The FCC partially heeded this call when it imposed open platform regulations on one substantial block of spectrum (the Upper C block) that was recently part of the record-setting...

This paper details efforts at developing and estimating a Vector Autoregressive (VAR) econometric model representative of the financial statements of a firm. Although the model can be generalized to represent the financial statements of any firm, this work was carried out as a case study, where...