In this paper we establish a complete characterization of the strategic interaction of firms in sequential entry models. The limit price plays an important coordinating role in non-cooperative sequential entry models. We show that for many firms in a large range of sequential entry equilibria,...

Can indirect network effects lead to adoption externalities? If so, when? We show that in markets where consumption benefits arise from hardware/software systems, adoption externalities will occur when there are (i) increasing returns to scale in the production of software, (ii) free entry in...

G.W.F. Hegel has been interpreted as a staunch critic of classical liberal “atomism”. This paper challenges this view by arguing that Hegel owed a great deal to John Locke's analysis of the normative ground and design of modern commercial society. Following Locke, Hegel located the basis for...

We examine the effect of a capacity constraint on the profits of a durable goods monopoly (DGM) in a two-period model when rationing is efficient. For sufficiently high discount factors, output rises through time without a constraint and a constraint increases the DGM profits: it restricts...

This paper documents the successful, if lamentable, rise of a made-in-Canada essential facilities doctrine. This made-in-Canada essential facilities doctrine is a consequence of recent enforcement of the abuse of dominance provisions of the Competition Act in the Toronto Real Estate Board case....

Various plans developed by the Alberta Electric System Operator (AESO) have indicated for some time a need for expansion of the Alberta electrical transmission system. This was also recommended in Alberta's Provincial Energy Strategy released in December of 2008 and it seems generally accepted...

This chapter provides an overview of the economics of conglomerate mergers, with a focus on the potential for an increase in its product portfolio to lead to conduct that is anticompetitive. The economics of portfolio power indicates that a conglomerate merger that results in a firm...

This report is a survey and compilation of the data available that documents three aspects of residential telecommunications services in Canada. The two residential telecommunication services are local telephony (primary exchange services) and high speed internet access (broadband). The data...