socialincidence of competition and on the output and welfare effects of third-degree pricediscrimination in monopoly and oligopoly …

Various arguments attempting to resurrect the single monopoly profit theory of tying have been made, but none are … successful. The Seabright claim that it is supported by a lack of empirical proof fails because the single monopoly profit theory … is an impossibility theory, and my recommended exception applies to whatever empirical extent the necessary conditions …

as the entropy remains finite despite the Market Selection Hypothesis that would predict long-run 0-profit. Allowing for … make accurate predictions or else its long-run profit will converge to zero for almost every path. In this latter case, the …

To avoid the extremely high profit levels found in the recent experience of public utilities' regulation, some … regulators have introduced a profit-sharing (PS) rule that revises prices to the benefit of consumers. However, in order to be … under the verifiability of profits. We then explore the dynamic efficiency of this PS rule under the non-verifiability of …